Disaster: Hard Stimulus Data Reveals That Michigan "Saved Or Created" Only 397 Jobs For 620 Million Stimulus Dollars, FAR Short Of 19,500 Claim
"Michigan received $3.7 billion is stimulus money, of which $620 million was to be used to "create and save" jobs, while the remainder will be used by Granholm to backfill the budget deficit that she has created with her overspending so that she doesn't have to make any substantial cuts before she leaves office. When she walks away, she will have lost more than 1,000,000 jobs in a state with a population of only 10 million. A few days ago, Granholm claimed that stimulus money "created or saved" 19,500 jobs (Enron accounting: Stimulus saved or created 19,500 jobs in Michigan). Turns out, the number is an utter fabrication, as I suspected when I wrote that prior post. Fact is, that $620 million "created or saved" 397 jobs.
"Let's just do the math. $620 million divided by say 400 jobs = $1,550,000 per job! That is an outright waste of taxpayer dollars. Worse yet, the rest of the $3.7 billion is going to keep Michigan in perpetual deficit that will be even more painful to deal with since we have had an AWOL governor for 6 1/2 years running. From The Detroit Free Press: So far, stimulus contracts aren't big boost for Michigan jobs.
"Despite Michigan's worst-in-the-nation unemployment rate, not many jobs -- 400 or so -- have been created or saved in the state so far by federal contracts under the stimulus bill, according to new data released Thursday by the Obama administration.Recall back when the stimulus bill was passed that it was done so with such haste that nobody read the bill. Because the economy needed a "quick shot in the arm." Then Obama sat on it for 4 days while he took a vacation before signing it. What did he know back then? I suspect that the stimulus bill was no stimulus at all. Just payback to unions and hacks that helped elect him. The stimulus is an utter disaster and a waste of $1 trillion that we didn't have to start out with...."
Read the rest, especially if you think it hasn't been intentional: http://theblogprof.blogspot.com/2009/10/disaster-hard-stimulus-data-reveals.html
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