Friday, October 16, 2009

Stimulus Success in New York: $9 Million Spent Per Job

Considering the already bleak re-election numbers facing the poor man who must suffer so much hate, I'm surprised they even released these numbers.
The stimulus isn't doing a thing to help the unemployment rate in the New York metro area, according to shocking new White House data released yesterday.

The feds have spent a half-billion dollars on 10 of the largest government stimulus contracts in New York City and Long Island -- but created or retained only 54 jobs.

That's an astounding $9 million per job.

The largest contract, at Brookhaven labs on Long Island for $261 million, has put only 26 people on the payroll, while two contracts for $23 million apiece to rehab the Thurgood Marshall Courthouse in Manhattan hasn't created a single job, according to new data.
Upon seeing these numbers, Nancy Pelosi immediately rushed to the House floor and urged passage of a second stimulus package.

OK, I'm kidding about that, but really, would you put it past her?
A $53 million contract to fix a Brooklyn post office created just a third of a job, while a $5.5 million plumbing contract for a federal courthouse didn't create any.

Statewide, New York has gotten $776 million in government contracts through the stimulus, creating or saving 656 jobs, according to the data, which the feds compile from contractors.

Nationally, 30,000 jobs were created by $16 billion in contracts.
Of course since Obama's been president around 3 million jobs have been lost. Not created or saved: Lost. Gone. Goodbye.

Yes, it gets even worse.
A $15 million contract for the Feinstein Institute for Medical Research on Long Island to test new ways to treat schizophrenia has created just 3.8 jobs.
The schizophrenics in Washington will probably claim this as a success.

Considering how pitiful these numbers are, I'm surprised this wasn't a Friday night news dump.

Mr. 43% is now derisively being called Barackie Madoff. Ouch.
The Obama administration boasted yesterday that with $16 billion taken from you and given to others, 30,383 working Americans owe a hearty thanks of gratitude for their jobs.

Even the Obama-fawning press had to do the math and could not avoid pointing out that at $71,500 per job, it's a very costly stimulus.

Struggling small businesses all around this country could have created three times that many jobs with that much money.

Obama's Stimulus Sorcerers have cooked the books from the start to dramatically pad the number of jobs "created" by including some number of jobs allegedly "saved" by their economic sorcery.

Calculating the number of jobs "saved" -- then taking credit for them -- requires no real proof. But you better be able to keep a straight face, and it's best if you carry the heart of a common criminal inside your chest.

Take one of this year's most astonishingly successful federal-stimulus contracts touted on the administration's Web site, a grant for a Head Start program in Danville, Va.

With less than $35,000, the Obama administration managed to create or save 50 jobs in Danville, they boast.

No one was more mystified by this claim than the man who keeps the books for the Community Improvement Council, which won the federal grant.

"It hasn't created jobs, but it's helped improve 50 jobs," Roy Garner explained.
Hot Air and Ace link. Thanks!

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