A group of three economists all handpicked by Obama released a report, the Seventh Quarterly Report indicating t hat each job claimed as created or saved cost $238,000 each!
According to a post from Weekly Standard, “the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the ‘stimulus,’ and taxpayers would have come out $427 billion ahead.”
Paying little attention that it is “Obama’s own Council of Economic Advisors” releasing the numbers, the Obama White House is disputing the claim saying the study is based on “partial information and false analysis.”
Quoted in Fox News
Ethan Pollack, a senior policy analyst with the progressive Economic Policy Institute, told FoxNews.com that the comparison between dollars spent and jobs created or saved shouldn’t be made because “it’s a silly way of looking” at the stimulus.