How the first stimulu...er JOBS BILL worked out for the USA.
1. 11,616,000 unemployed (March 2009).
2. $860 billion dollar stimulus bill.
3. 14,010,000 unemployed (August 2011).
The above come from the BLS and CBO.
Now to me that looks like we spent $860 billion dollars (not including cost of funds) and we now have 2,394,000 more unemployed people.
Another thing:
1. 153,716,000 was the total labor force in March of 2009.
2. 153,600,000 was the total labor force in August of 2011.
Again BLS numbers from their monthly reports.
That appears to be another loss of 116,000.
So a grand total of 2,510,000 jobs lost since the grand plan of borrowing 860 billion dollars to fund public union and green jobs. That works out to $344,000 per lost job. Using linear regression I estimate that the new “Jobs Bill†would have increased unemployment by 1.3 million people.