How Many Jobs Did Stimulus Create?

" Rather first look now really how many jobs the government's 787 billion dollar stimulus spree. They've actually created so far. Around 30300. Joining us how to explain it to me take news editor for Barron's and walking. In DC so let's let's break down the numbers of people know we're talking about here. Obviously there's a lot left to -- a case to be take that the what we've sort of allocated out. Which is. About sixteen billion right -- has been allocated Argus given out awarded. About two million and that's sixteen billion is actually been spent creating 30000 jobs but the number did he take the sixteen billion awarded. Right divide that by 30000 you get -- cost per job a 519000. Dollars. To date in south."

" Which is why it's -- why you can't really believe these numbers. Actually think more jobs have been created. You know -- I've talked to people who are nonpartisan professionals and they say that's way. To measure job creation is to look at contracts awarded. So and and divide it by 92000. Which is cost per job as as. Estimated by a -- day. Using a figure you have a 174000. Jobs were created if you throw in state and local government stimulus you're up to about 325000. Jobs. But still in the scheme of things. That is pretty low now I want to pretty."

" OB I mean 30000 jobs for two billion dollars if you aggregate that up right just times -- by eight to get to the sick is also able to sixteen billion. Hasn't all been spent been awarded in two billions in spend so let's just multiplied by eight. 240000. Jobs. For sixteen billion dollars does that seem like a good deal."

" Well here here's the good deal have. The economists are getting feedback so -- know you know we know now will have scientific evidence. That this kind of program doesn't work. So this will get fuel to the supply siders. Going forward -- I. I think the economists at the CE ANN Howland issue be commended for trying to get this material and am -- trying to you know. Guild the -- And -- it out and and they were warned that the stimulus really wouldn't -- and or recovery was well under way. That seems to be the case but."

" Genome global lawmakers in DC wait for the scientific evidence to be in. Before that date pop more stimulus ended the economy however he wanted to characterize. Whether it's extending the first time home buyer tax credit. Is that going to happen."

" Where yes and reason says there's economic stimulus interests political stimulus and they want to stimulate the voters to vote for them so. You know so going forward this handout money is to buy votes it's not that help the economy."

" So even though people are upset by the government spending is all as long as people get a dollar are done in their pocket doesn't matter."

" Well that's what the politicians think I I do believe the public is very very concerned about the deficit. And that's why there's been so much public push pack one proposals like healthcare so they have to be the politicians. Could. Hurting their own case by increasing the stimulus in."

" I don't really get more calls for tax cuts not even if we create the 240000 jobs which is great for 240000. Americans. At a sixteen billion what -- think it's good yields good for them right they're going to get an income and NB a Bellwether family but how long is that going to take. Five or six years why don't we just more corporate tax could not up 4000 dollar tax credit per employee it'll cost you what not to -- a background and a credit check on somebody. Major tax cut so people actually higher start companies so you can grow employees. Will we ever going to get better now -- that's not political stimulus as you said."

" I mean -- people like Steve and saying let's have a payroll tax holiday which is a great idea I think. But you know witness stimulus was first proposed months ago said. You know take the bureaucrat to a three months to find me rather the contractor who's the brother in law of the guy who gave the senator and donation. And that's exactly what has happened I mean you have you know the bureaucracy at work here -- the money is going now absolutely."

" I know it's not a direct correlation but I'll say it is Jim I just kind of looked for company around sixteen billion market cap I know it's not. Directly -- Kellogg has nineteen billion in market cap. 32000 employees so an hour to about sixteen billion in spending for 240000. Employees. The Chinese mining company."

" Jamaica we cannot say nothing we say cachet. And thank you and Mandarin to make take a baron thank you very much should check treasure book."