Wednesday, December 26, 2012

Stimulus

In 2009 Obama passed stimulus one for 814 billion and it created 3.6 million jobs. The White House says the multiyear $814 billion stimulus program passed by Congress in 2009 boosted employment by 2.5 million to 3.6 million jobs and raised the nation's annual economic output by almost $400 billion. A recent study by two prominent economists generally agrees, crediting the pump-priming with averting "what could have been called Great Depression 2.0." Using the best figure of 3.6 million this is $240,000 per job While this was going on the Fed added 1,500 billion in QE1 and another 500 billion in QE 2 in an attempt to spur job growth so the cost per job was likely much higher since no one knows how quantitative easing (QE) affected jobs.

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