If President Barack Obama’s economic stimulus really did “add or save” the 2.4 million jobs it claimed, the program cost taxpayers $278,000 per job. The White House’s own Council of Economic Advisers quietly slipped out its Seventh Quarterly Report on the $666 billion stimulus just before the holiday weekend. The data also revealed the government could have saved $427 billion by simply sending a $100,000 check to everyone whose employment the stimulus supposedly made possible.
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During President Obama's press conference today, he scolded Republicans for demanding tax cuts for corporate jets.
From the Associated Press in 2009:
Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.
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A new report from the Congressional Budget Office (CBO) finds that President Obama’s economic stimulus program helped nearly double U.S. debt.
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It is true that taxicab drivers pay for processing credit cards. Nobody likes fees, but they are a cost of doing business. The generous tips added by many San Francisco credit card users more than make up for the typical $5-$7 per day that drivers pay for processing payments.
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First President Obama’s high-speed rail plans for Ohio and Wisconsin failed. Then his HSR plans for Florida bit the dust. Now the last Obama stimulus funded HSR plan is heading toward disaster.
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The debate over the stimulus is mostly settled -- the public overwhelmingly believes the money was "mostly wasted." It's not even close. But two years after the bill's passage, the scale of the waste may be
Every few months, the Congressional Budget Office produces a legally required report on the stimulus package.
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If a motto summed up the Obama presidency, it might be, “Life is short. Eat dessert first.” His policies are all about self-indulgence in the present, to be paid for with either long-run economic decline, or painful sacrifices by future generations.
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Who: Department of Veterans Affairs
What: Spending $61.6 million on renovating a building in Roanoke, Va., for energy-saving improvements. Most of the project will be paid for using $50.9 million in taxpayer-funded stimulus, but there will be another $10.7 million spent to move the office and pay the rent for the three locations.
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When the Financial Crisis Inquiry Commission blew past its congressionally mandated Dec. 15 deadline to issue a report explaining the origins of the Great Recession, the panel’s Democratic majority unilaterally decided to complete its work by a date yet to be determined in January.
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URL: http://www.sfexaminer.com/taxonomy/term/2573?page=1
