Obama Stimulus Package-- Waste of Money?
 

Well that is what some would like to say, but where is there proof?


http://news.yahoo.com/s/time/08599202278100

Re: Obama Stimulus Package-- Waste of Money?
 

Re: Obama Stimulus Package-- Waste of Money?
 

More cut and paste news from yahoo.com

The Obama drones claim the stimulus helped.

Re: Obama Stimulus Package-- Waste of Money?
 

The first 6 months of the plan.
Read more: http://www.time.com/time/business/ar...#ixzz117J4Y03B

So while it promised to create 3 million jobs, it lost that many and created 150,000

Re: Obama Stimulus Package-- Waste of Money?
 

As $800,000+ of the stimulus money goes to teaching South Africans how to wash their penises, here in the US $111 million was spent on creating 55 jobs in Los Angeles. And it’s not even clear if there were 55 jobs actually created, since the city controller phrased it in terms of “created or retained” (emphasis added):


The Los Angeles City Controller said on Thursday the city’s use of its share of the $800 billion federal stimulus fund has been disappointing.

The city received $111 million in stimulus under American Recovery and Reinvestment Act (ARRA) approved by the Congress more than year ago.

“I’m disappointed that we’ve only created or retained 55 jobs after receiving $111 million,” says Wendy Greuel, the city’s controller, while releasing an audit report.

Where did $2 million per job go?


The audit says the numbers were disappointing due to bureaucratic red tape, absence of competitive bidding for projects in private sectors, inappropriate tracking of stimulus money and a laxity in bringing out timely job reports.

Re: Obama Stimulus Package-- Waste of Money?
 

Well, it is pretty important to clean them things up now and then.......

:thumbsup:thumbsup

Re: Obama Stimulus Package-- Waste of Money?
 

As basic as teaching them to wash their penises may sound, the South Africans were hit hard by HIV and their traditional medicine men were giving out medical advice like, if you have sex with a newborn, the purity of the newborn will cleanse you from the disease.

Baffling and very sad.


That may have been the best invested $800,000 spent by the government in a long time.

Re: Obama Stimulus Package-- Waste of Money?
 

Coadie,

Your Time article is well over a year old.

All of the affects (good or bad) of the stimulus package will not be felt for years to come.

Re: Obama Stimulus Package-- Waste of Money?
 

Can't blame what happened in LA on Obama or the Feds.

Reads like poor management of resources at the state and local level.

Re: Obama Stimulus Package-- Waste of Money?
 

I know it. The dishonest claims were that it would save jobs immediately. In terms of economics, The damage will be felt for years.

You have no economics education. Obama surrounded himself with advisors that would parrot his claims like drones.

I have more econ classes than you Geithner and Obama put together.

Actually the stimulus was used by many governments to pay delinquent bills and really didn't go to job creation.

2007 134952000
2008 136973000 End of Bush year
2009 129971000 End of Obama's first year
Total employment.

On top of that the work force has grown by 5 million while employment dropped by 7 million.

The dems lie about the value of the stimulus and the data tells the truth.
It is ironic they publish estimates and the revised figures are always worse.