Article

2012-06-01 Economy

CBO: Obama stimulus may have cost as much as $4.1 million a job

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Posted by Beavis 2012-06-01 00:00|| || Front Page|| [1 views ] Top

#1 unfortunately there is a major terminology problem

the ave employment is .2M to 1.5M per year
that is .6M to 4.5M job/years
so that's between $170k and $1.3M per job/year
but that is just in the late 2009 to late 2011 period

in the out years the impact depends on the B/C of the projects funded and we don't have any good information on this although given the political nature of the projects, the ARRA will probably a net loss of job/years beginning late this year

Posted by lord garth 2012-06-01 00:36|| 2012-06-01 00:36|| Front Page Top

#2 I just wanted Infrastructure fixed and that was a $6 Bill at the time. Only .03% of this stimuli from leviathan octopi went to "fixin the bridges".

Temporary union status and voting front groups.
The American Dream - yay.

Posted by newc 2012-06-01 01:52|| 2012-06-01 01:52|| Front Page Top

#3 Whoops - that's more like $6Tril, but a thousand is like a million these days.

Posted by newc 2012-06-01 01:53|| 2012-06-01 01:53|| Front Page Top

#4 Fear not, "Shovel Ready" Utopia is at hand.

Posted by Besoeker 2012-06-01 03:48|| 2012-06-01 03:48|| Front Page Top

#5 Terminology again.

Of the $900B, about $100B went to public sector infrastructure. Of the $100B, about $80B went for transportation. The amount spent on structures (including both highway and transit) was about $20B (a bit over 2% of the ARRA). However some of that went to correcting safety problems, enhancing pedestrian access over bridges, removing asbestos paint, etc. so the amount of 'fixing' depends on what you think 'fixing' is.

Posted by lord garth 2012-06-01 07:50|| 2012-06-01 07:50|| Front Page Top

#6 @4% bond yield to pay the debt each job costing 540,000 would need to pay 21600 EXTRA tax to break even with the debt funding costs...

Don't even ask if the job costs 4.1M!!

Solyndranomics.

Posted by Bright Pebbles 2012-06-01 10:45|| 2012-06-01 10:45|| Front Page Top

#7 BP,

but the pathetic recovery has held the G bond rate way down; the 10 year has averaged under 3% (its been under 2% the past month or so) and the 30 yr G bond has averaged about 3.5% during the Obama presidency and

Posted by Lord Garth 2012-06-01 11:38|| 2012-06-01 11:38|| Front Page Top

#8 I'm thinking the much of the stimulus went to Obumble's re-election campaign in one way or another--to the unions, to bundlers who supported him, to the solar companies, various pro-Democrat groups and organizations.

Posted by JohnQC 2012-06-01 14:42|| 2012-06-01 14:42|| Front Page Top

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