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Obama creates 640,329 jobs at a cost of $323,739.83 per job
Obama creates 640,329 jobs at a cost of $323,739.83 per job
Inquiring minds are asking the question "How many jobs were created out of the various stimulus programs so far and at what cost per job?" That is a good question. Not that we can believe the reported number of jobs created, but let's assume for the sake of argument that the figures provided by ...
Stimulus creates 640,000 jobs
Stimulus creates 640,000 jobs
money.cnn.com — White House releases first broad look at stimulus-funded employment, focusing on $150 billion in spending. But skeptics... question the number and quality of the jobs. (more) Stimulus creates 640,000 jobs
Visitor Records
whitehouse.gov — As part of President Obama's commitment to government transparency, we are providing records of White House visitors... on an ongoing basis online. In December 2009, we will begin posting all White House visitor records for the period from September 15th ... (more) Visitor Records
EXCLUSIVE: Democratic donors rewarded with W.H. perks
EXCLUSIVE: Democratic donors rewarded with W.H. perks
washingtontimes.com — During his first nine months in office, President Obama has quietly rewarded scores of top Democratic donors... with VIP access to the White House, private briefings with administration advisers and invitations to important speeches and town-hall ... (more) EXCLUSIVE: Democratic donors rewarded with W.H. perks
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Sunday links: proving causation
Abnormal Returns — ... execute its big short bet on subprime?  (naked capitalism) How John Paulson made (and won) the trade of the century (so far).  (WSJ also EconLog) Updating the odds that the US is in recession.  (Economist’s View) Claims about the jobs saved by the stimulus plan are at best unverifiable.  (Real Time Economics, Mish, Atlantic Business) Why the health care ...

You're missing the point
SCSUScholars — ... kind of shield. But Mankiw says "The job market is not what we would like it to be right now, but it would have been worse without the Administration's actions." Were those the words to come from Christina Romer's or Jared Bernstein's mouth, I'd have no debate. But I think it is more than semantics to go from "Simulations of a conventional macroeconomic model show that, without the tax cuts, the level of real GDP" would be x% lower and unemployment y% higher, than to say you've created or saved 640,329 jobs. ...

Unemployment Is Taking the Rest of Us Down With It
Minyanville — ... they expect the states to pay billions of dollars from an employee base which is, at best, 20% smaller than it was before the recession started," Clegg said. I guess Clegg didn't hear Obama's plan to create or save 3.5 million jobs. Then again, the economy has lost about nine million jobs. Of course the economy needs 100,000 jobs per month just to keep up with demographics (birth rate and immigration). Moreover, the jobs Obama claims to create comes at a very steep price. Please see Obama creates 640,329 jobs at a cost of $323,739.83 per job for details. Finally, it's beyond ...

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