Saving Jobs.....at what cost?

[JustRalph]

http://cnsnews.com/news/article/cbo-jobs-created-and-saved-stimulus-cost

How about $228,055 Each

[ArlJim78]

another stimulus miracle!

[Steve 'StatMan']

Cripes! I like my job, but if the feds 'stimulated' me with $228k, I might be willing to give up my job so they can put someone else in it, and take the next 5 years off. Might also reducate myself (maybe on federal/state grants) so could work again later on.

[mostpost]

http://cnsnews.com/news/article/cbo-jobs-created-and-saved-stimulus-cost

How about $228,055 Each
According to the article, the stimulus cost $821B and produced 3.6M jobs. But $275B of that was for tax cuts and credits. Whether or not one believes that tax cuts create jobs, you Repubs are all in favor of them. So let's deduct that from the $821B. That means we spent $546B to create 3.6M jobs. The cost for job is now $151,666.

Assuming that the average salary for those jobs is $40K per year, in less than four years we will have paid off those jobs and be making a profit. I believe that I have read for every dollar a person spends ten dollars comes into the economy. It may not be quite that much, but there is a definite multiplier effect.
Also, much of the money is being spent on beneficial projects such as roads, bridges and schools. Money is also being spent to keep schools operating. Whether you guys want to think so, education is a benefit. The stimulus was money well spent, except for the tax cuts part.

[Tom]

Baghdad Bob returns.

[boxcar]

According to the article, the stimulus cost $821B and produced 3.6M jobs. But $275B of that was for tax cuts and credits. Whether or not one believes that tax cuts create jobs, you Repubs are all in favor of them. So let's deduct that from the $821B. That means we spent $546B to create 3.6M jobs. The cost for job is now $151,666.

Assuming that the average salary for those jobs is $40K per year, in less than four years we will have paid off those jobs and be making a profit. I believe that I have read for every dollar a person spends ten dollars comes into the economy. It may not be quite that much, but there is a definite multiplier effect.
Also, much of the money is being spent on beneficial projects such as roads, bridges and schools. Money is also being spent to keep schools operating. Whether you guys want to think so, education is a benefit. The stimulus was money well spent, except for the tax cuts part.

Yo, Mosty, don't you remember that by BO's own admission there never were any shovel-ready jobs? It was another lie. You have such a short memory.

Boxcar

[Robert Goren]

Yo, Mosty, don't you remember that by BO's own admission there never were any shovel-ready jobs? It was another lie. You have such a short memory.

BoxcarThey used it here to resurface some streets. They really needed it. The chuck holes had chuck holes.

[boxcar]

They used it here to resurface some streets. They really needed it. The chuck holes had chuck holes.

Whatever they did to your pottyholes, it wasn't due to shovel-ready projects. There were none. There are none. And there won't be any. Google it and find out for yourself. Obama 'fessed up that there were never any such animals.

Boxcar
P.S. Never mind, I'll do it for you.

http://www.cbsnews.com/8301-503544_162-20019468-503544.html

[bigmack]

According to the article, the stimulus cost $821B and produced 3.6M jobs. But $275B of that was for tax cuts and credits. Whether or not one believes that tax cuts create jobs, you Repubs are all in favor of them. So let's deduct that from the $821B. That means we spent $546B to create 3.6M jobs. The cost for job is now $151,666.
:lol: Stop; you're killin' me.

A man and his calculator tearin' up CBO numbers for a more lucid look at things. :jump:

I have got to get you a new C for your birthday.
http://www.nbc.com/saturday-night-live/video/calculator/1177623/

[ArlJim78]

forget shovels, the majority of the stimulus went to the public unions as a payoff. let's drop the charade that it was some kind of wise use of money.

[boxcar]

forget shovels, the majority of the stimulus went to the public unions as a payoff. let's drop the charade that it was some kind of wise use of money.

Exactly! The bulk of the money went to create PUBLIC sector jobs, which in turn require union membership.

Boxcar

[Capper Al]

http://cnsnews.com/news/article/cbo-jobs-created-and-saved-stimulus-cost

How about $228,055 Each

You just stirring the pot with Fox Entertainment type sound bites.

[Tom]

Exactly! The bulk of the money went to create PUBLIC sector jobs, which in turn require union membership.

Boxcar

Whoa!
REQUIRE?
I thought union membership was a right?
You mean they have to make it mandatory to get people to join?

What if people do not want to join a union, doesn't this trample on their rights to work and not join?

Oh, wait, union don't care about rights or people - they just exist to steal dues for the leadership and concentrate power. I forgot.

never mind.

[Snag]

According to the article, the stimulus cost $821B and produced 3.6M jobs. But $275B of that was for tax cuts and credits. Whether or not one believes that tax cuts create jobs, you Repubs are all in favor of them. So let's deduct that from the $821B. That means we spent $546B to create 3.6M jobs. The cost for job is now $151,666.

Assuming that the average salary for those jobs is $40K per year, in less than four years we will have paid off those jobs and be making a profit. I believe that I have read for every dollar a person spends ten dollars comes into the economy. It may not be quite that much, but there is a definite multiplier effect.
Also, much of the money is being spent on beneficial projects such as roads, bridges and schools. Money is also being spent to keep schools operating. Whether you guys want to think so, education is a benefit. The stimulus was money well spent, except for the tax cuts part.

Since when is the US government in the business to "make a profit"?

[mostpost]

Since when is the US government in the business to "make a profit"?

That's the trouble with yukons. You have no subtlety in your thinking. You think that every word means what it says in the dictionary. I used a shortcut to make a point. I'll bet the libs got it. :rolleyes:

[Tom]

I'll bet the libs got it

My too. Most of them aren't too bright to begin with and often do not know what words mean. Good observation.

[Robert Goren]

Whatever they did to your pottyholes, it wasn't due to shovel-ready projects. There were none. There are none. And there won't be any. Google it and find out for yourself. Obama 'fessed up that there were never any such animals.

Boxcar
P.S. Never mind, I'll do it for you.

http://www.cbsnews.com/8301-503544_162-20019468-503544.html If you had googled Lincoln Stimulus streets you would have got this
http://www.1011now.com/home/headlines/39854257.html
Maybe someone forgot to tell Obama about it. All I know is that the streets have been resurfaced and the mayor says it was paid for with stimulus funds.

[Tom]

How many jobs that still exist today were created?

[boxcar]

If you had googled Lincoln Stimulus streets you would have got this
http://www.1011now.com/home/headlines/39854257.html
Maybe someone forgot to tell Obama about it. All I know is that the streets have been resurfaced and the mayor says it was paid for with stimulus funds.

Yeah, you're probably right. I have a gut feeling Obama doesn't read half the memos that are sent to him. :rolleyes:

Boxcar

[PaceAdvantage]

You just stirring the pot with Fox Entertainment type sound bites.That was helpful.

[JustRalph]

I ignored it........ in fact a few of his lately.......

[Capper Al]

I ignored it........ in fact a few of his lately.......

I figured as much. It looks like you are just telling the world the truth based on your beliefs, reciting the gospel according to the right. No real thought goes into your posts.

[newtothegame]

Mosty admits to using words above regardless of their meaning.....sluethy thinks that jobs which are no longer there are still helpful...and now you attempt a drive by which amounts to more of the same.....
yeah, I can see how us cons are wrong lol

[HUSKER55]

I am wondering how much of these stimulus packages go to create new jobs and how much goes to pay off current bills and expenses.

When GB gave everyone a stimulus check the only thing that hahppened was most people paid off bills and the banks made a bundle.

Are there any mandatory requirements to these packages? If there are no shovel ready jobs as BO said then what the hell are we doing?

[Tom]

I figured as much. It looks like you are just telling the world the truth based on your beliefs, reciting the gospel according to the right. No real thought goes into your posts.

He posted a link to timely information on economic realities that was informative, unlike your two sniper posts that offered zip. Ralph offers lots of thought here regularly.

Try stopping in next time, instead of driving by.

[JustRalph]

I figured as much. It looks like you are just telling the world the truth based on your beliefs, reciting the gospel according to the right. No real thought goes into your posts.

yep, that's me. No real thought.............

[Capper Al]

He posted a link to timely information on economic realities that was informative, unlike your two sniper posts that offered zip. Ralph offers lots of thought here regularly.

Try stopping in next time, instead of driving by.

I read the article before posting. There's more to the story. The country was going down the tubes. The money was well spent, or would have you wanted to see the unemployment rate go even higher?

[Tom]

See post 18.
It was money down the toilet.

[boxcar]

I read the article before posting. There's more to the story. The country was going down the tubes. The money was well spent, or would have you wanted to see the unemployment rate go even higher?

What are you talking about? Unemployment went higher WITH the money, as BO promised that it wouldn't go above 8% with stimulus. Remember?

Boxcar

[Robert Goren]

Like all building projects the jobs are done when the work is done. But at least we have a few streets in a lot better shape than they were to show for it. In this town, it was the only way it was going to get done. Here they prefer to build industrial parks with local taxes rather than fix the streets. We have 4 of them. None of them is over a third full, but that doesn't stop them from talking about building another one.

[JustRalph]

I read the article before posting. There's more to the story. The country was going down the tubes. The money was well spent, or would have you wanted to see the unemployment rate go even higher?

It went almost two points higher. It was wasted money thrown at his friends. End of story.

Propping up jobs that won't last is a false economy. The problem with this kind of crap is, eventually you run out of other peoples money.

[newtothegame]

Like all building projects the jobs are done when the work is done. But at least we have a few streets in a lot better shape than they were to show for it. In this town, it was the only way it was going to get done. Here they prefer to build industrial parks with local taxes rather than fix the streets. We have 4 of them. None of them is over a third full, but that doesn't stop them from talking about building another one.

So as long as your streets are nice, who cares about the unemployed???
True growth can only come from LASTING jobs. Census workers...no matter how many you hire, will be gone when job is done...then what?? At least you got a good count by your analogy.

[Tom]

Like all building projects the jobs are done when the work is done. But at least we have a few streets in a lot better shape than they were to show for it. In this town, it was the only way it was going to get done. Here they prefer to build industrial parks with local taxes rather than fix the streets. We have 4 of them. None of them is over a third full, but that doesn't stop them from talking about building another one.

Glad my money went to fix your streets. If you can't afford to take care of your own streets, maybe you shouldn't have them.

[Ocala Mike]

The problem with this kind of crap is, eventually you run out of other peoples money.

What, no attribution?

"The trouble with Socialism is, sooner or later you run out of other people's money." - Margaret Thatcher.


Ocala Mike

[Robert Goren]

Glad my money went to fix your streets. If you can't afford to take care of your own streets, maybe you shouldn't have them.I agree with you. Here the powers that be would rather use tax money to try steal jobs from other cities (mostly Omaha) than create them. Most of the time they just spend the money and they do not even get the company to move. Just wasted tax money. I suspect that Lincoln is not the only place doing that. That being said, we do need to update our roads. While the jobs aren't permanent, they are jobs. No job in construction is permanent, but things do have to built. Some people spend their entire life moving from construction job to another. In my book, there is nothing wrong with that.

[Tom]

What we need is for the useless federal government to take their mandates to the states and stick them where the flag don't get saluted. Keep your federal noses out of state business and maybe the states would be able to take care of themselves a lot better.

No one needs the fed getting involved in anything not specifically spelled out in - and controlled by - the constitution.

A Strong Fed is bad for everyone.

[boxcar]

What, no attribution?

"The trouble with Socialism is, sooner or later you run out of other people's money." - Margaret Thatcher.


Ocala Mike

None needed. He didn't quote her. He merely paraphrased her, albeit "colorfully". :D

Boxcar

[Capper Al]

What are you talking about? Unemployment went higher WITH the money, as BO promised that it wouldn't go above 8% with stimulus. Remember?

Boxcar

And if they didn't do anything, it would have higher yet. See you guys. I'm back to horse.

[boxcar]

And if they didn't do anything, it would have higher yet. See you guys. I'm back to horse.

You don't know that because there's no way to prove a negative. Conversely, we know the adverse effects his action had.

But your idea is good: Stick with the "horse". Maybe you know him better.

Boxcar