$120 Million in stimulus spending creates 370 jobs

I called this one a long time ago. Stimulus packages only stimulate government, not the economy. 

From Ann Arbor Business

The 397 jobs created or saved in Michigan come from $120 million in contracts, amounting to a cost of about $300,000 per job. But contract spending is only a sliver of overall stimulus spending, with most of the money going to direct grants for state and local governments and school districts, tax breaks, loans and other programs, the Detroit Free Press reports

$300,000 for each job? That sounds like what we can expect from government waste.

Pork Bill passes the Senate

Right now, the only hope that this thing gets less offensive is if we take a long look at HR1 and see the crap in it and get that out to our lazy reps who oftentimes do not actually read the bill. Maybe some of the worst crap, like the ACORN funds, health care takeover, and various "Bridges to nowhere" can get cut out in conference. I don't expect it.

Go to Thomas and see the real thing for yourself and how bad this thing is.

This is the "change" provided by the Obama administration and the post 2006 Congress. They spend so much that they make the Bush and 2002-2006 Republicans look like true fiscal conservatives. We've gone from fiscal leftism to blatent socialism.

Where's the 1994 Republicans when we need them.

Stimulus Package? This only stimulates government

Right now, Mr. Obama is pushing for an "economic stimulus" package.

CHICAGO – President-elect Barack Obama urged congressional leaders Saturday to move quickly on an economic recovery plan, even as some Republicans are saying they want more time to review the details.

Obama said Congress should pass an American Recovery and Reinvestment Plan designed to create 3 million jobs. The Democratic president-elect hasn't announced a final price tag on it, but aides said the cost could be as high as $775 billion.

"For too many families, this new year brings new unease and uncertainty as bills pile up, debts continue to mount and parents worry that their children won't have the same opportunities they had," Obama said in an address taped Friday and distributed on radio and posted on YouTube Saturday morning.

The nation's economy remains the top challenge facing Obama when he takes office on Jan. 20. The Federal Reserve estimated that lenders were on track to initiate 2.25 million foreclosures this year, more than doubling the annual pace before the crisis set in. One in 10 U.S. homeowners is delinquent on mortgage payments or in foreclosure.

I'm not just posting this to pick on Obama because he's soon to be your president, he just is the latest to run his mouth on this. Obama isn't the only one to blame for this way of thinking, and not just democrats are to blame here either. Many republicans fall into this trap as well when it comes to "stimulus" packages. Bush had his share of them as well, and I didn't like it then either.

Obama's quote is this and it deserves a 2nd mention. ""For too many families, this new year brings new unease and uncertainty as bills pile up, debts continue to mount and parents worry that their children won't have the same opportunities they had,"

What is a government big spending "stimulus" package going to do to help them? Nothing! This is like saying the Detroit Lions need better management, and in respose they fire Millen and promote Millen's assistants instead of cleaning house. Government stimulus packings is nothing more than government spending more money on its pet projects, and saying that it is to help the economy. I wonder how many bridges to nowhere are in this thing.

If government wants to really have a real stimulus package, there is an easy and simple way. Just as this Trillion dollar Bush/Boehner/Obama/Reid/McCain/Pelosi bailout did a crappy job for the economy, this 775 billion dollar proposal won't give a real jolt to the economy.

If you want a $775 billion dollar bailout, divide it up among the number of taxpayers and send a check. If you take the entire population of the US, about 300 million - including non-taxpayers, and send a check, it will come out to a $2600 check to everybody. I think it would be up around to $6000 if it went to only income tax taxpayers.

What would be better for stimulating the economy, letting taxpayers pay for some of their debts, or big government spending on its own pet projects? Their spending on pet projects doesn't pay my bills, or your bills unless you work for the government.

If Obama or Bush pushed for that, they would be heroes.