The dark place where the 2.5 million stimulated jobs came from

We found out where the number 2.5 million jobs’ created or saved’ comes from that were credited to have been the result of the $850 billion stimulus.  It comes from a formula.  The formula comes from a theory.  The theory says that for every dollar the government spends, 1.5 dollars’ worth of economic activity is generated, and presto, jobs come out.  The economic geniuses working for Obama want us to believe that by definition, since they spent almost a trillion dollars in ‘stimulus’, they automatically created 2.4 million jobs.  This is called the multiplier effect._Karen McQuillan-American Thinker Magazine

The government uses a different multiplier for every expenditure that it makes.  Where does it get the numbers that it uses?  According to the CBO, the estimations that it uses are basically made up as they go along.
Sure hope the government remembered to wash its hands after pulling numbers out of there.

About drrik

3rd career and 2nd childhood. Spends spare time repairing old things. Aspires to burn more gasoline, gunpowder, and ink in pursuit of slowing down. Child of the 60s and aspiring student of history. No desire to see us repeat the failed social experiments that keep failing for lack of human beings that meet the left wing standards and have to be killed off. Did engineering long enough to realize that very little is new and the wheel does not need to be reinvented.
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