The great waste

Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

The stimulus is now causing the economy to shed jobs.

12:07 PM, Jul 3, 2011 • By JEFFREY H. ANDERSON

When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.
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Backgrounder: The Stimulus Scam