Vail Daily letter: Phantom stimulus
Vail, CO, Colorado
Time after time we see either lies or incompetence regarding the jobs impact of the stimulus spending.
It looks like ACORN is alive and well in the Obama administration and is charged with counting the number of jobs created from the stimulus.
Thanks to the public outrage, the administration has acknowledged that the count may be flawed, but that doesn’t stop them from touting the success of the stimulus.
On http://www.recovery.gov they report 640,329 jobs created or saved. This is a rather finite number derived from such a farcical accounting.
The administration couldn’t run “cash for clunkers” smoothly, and now, spends millions of our dollars while taking credit for creating jobs in non-existing congressional districts.
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The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.
Why in the world should we believe that they can deliver and manage a healthcare system that is one-sixth of our economy and expect that it can meet their cost estimates which require that they reduce $500 million in Medicare fraud and abuse?
Listed below is a table from recovery.gov, which lists congressional districts, jobs created or saved and stimulus money granted. The table is for the state of Colorado but is representative for all states.
It lists 17 congressional districts, but Colorado only has seven districts.
The 10 phantom districts received about $14 million and created 36 jobs!
In the 2nd District, $257 million in stimulus funds created 414 jobs (or so we’re told) at a cost of $620,000 per job.
In the 7th district, the job creating stimulus cost the taxpayer $1.3 million per job.
Yet, the Administration boasts about the success of the stimulus.
I have no doubt that if that money flowed down to small businesses — the real engines of employment growth — via tax cuts and investment credits we would have seen a better result.
Congressional Districts, Jobs, Amount:
1st 5,103.6 $1,187,904,033
7th 293.2 $382,512,268
2nd 414.5 $257,091,422
5th 531.8 $168,770,753
3rd 554 $166,285,374
4th 351.6 $161,460,160
6th 809.5 $157,109,166
00 0 $10,127,728
8th 3 $2,193,620
30th 14 $1,085,762
25th 0 $278,122
59th 0 $182,183
58th 0 $56,304
64th 14 $33,195
43rd 0 $26,490
45th 5 $23,098
12th 0 $10,037