Posts Tagged ‘stimulus’

Stimulus Job Myth

November 11, 2009

Experts abound concerning Stimulus jobs. Figures are being bandied about, such as the 650,000 to 1,000,000 jobs saved or created.  Really!  Were the figures from Bridgewater State College used in those numbers?  Bridgewater received $77,181 in stimulus money, and claimed putting 160 people to work with that money. Those are amazing results, and should be studied to see how they accomplished such efficiency.  After further review, a Bridgewater State College spokesman, admitted that the job creation was “almost nothing.”  Almost nothing, what does that mean?  Is that 3 jobs, 2 jobs, or 1 part-time job on alternate weeks?

Then there is the case of TeleTech Government Solutions, a Colorado company that claimed to have created 4,231 jobs for a stimulus project.  Fantastic, that must be a major boost for the local economy.  Well not so fast, due to the temporary nature of the jobs, only 635 jobs were created using the government’s job formulas.  Sure it is something, but how much did it cost?  A study that looked at $16 billion of the stimulus spending, showed that it cost $532,000 per job created.  Ask any production manager, farmer, or office manager, how many people they could put to work, with half a million bucks.

If you would like to know the truth about jobs, ask a real expert.  Ask a trucker, it they are hauling more freight, ask the waitress if tips are up, talk to a stock boy, are they stocking more steaks, or is it hot dogs that are selling well.  The truth is, all you have to do is take a look around, you know the truth.  You are going to pay, for decades, to create a few jobs.  How many more jobs would the buying power of that same $532,000 create if it stayed in your pocket, instead of obama’s grab bag of special interest gifts.