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- It May be Sunshine Week, But There Are Dark Clouds over the Slaughter House (CFA Site »)
- Bill McCollum Signs Taxpayer Protection Pledge in Florida Governor's Race
- Sen. Lincoln (D-Ark.) New Ad: I'm not working for the unions
- Making Laws Should Be Transparent
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- How the FCC Plans to Tax the Internet (Stop eTaxes Site »)
- Study: Health Care Legislation Will Cost up to 700,000 Jobs by 2019
- Comprehensive List of Tax Hikes in Government Health Bill to be Voted on by House
- Testimony Before U.S. House Appropriations Committee on Labor
Wednesday, March 17, 2010
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Tuesday, March 16, 2010
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Monday, March 15, 2010
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- The Economics of #StimulusFail
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- Obamacare, Free Trade, & Our Economic Prosperity
Friday, March 12, 2010
- Rusty Bowers Signs the Taxpayer Protection Pledge for AZ-01 Race
- Ask Your Virginia Legislator to Vote "NO" on Any Budget Containing Higher Taxes
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ATR Supports H.R. 4781, the
"Keeping American Businesses
Competitive Act of 2010" - Ronald Reagan Legacy Project Urges Naming of California High School After Reagan
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Thursday, March 11, 2010
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- Green Jobs FAIL
- The Evergreen Tax and Fee Spree
- ATR Staffer Testifies Before U.S. House Energy & Commerce Select Committee
Wednesday, March 10, 2010
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- The Debt Panel's 800-lb. Gorilla: Why Andy Stern Stands Out
- The Left Agree: Obamacare Ushers In Their Radical Ideological Agenda
- We Ought Focus On Cutting Taxes & Spending, Not Deficits
- The Debt Panel's 800-lb. Gorilla (AWF Site »)
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Does the Obamacare Investment Surtax
Apply to Capital Gains? - ATR Urges Opposition to Sen. Isakson Pension Bailout
- Taxpayers to Legislators: Clean Virginia Budget of Taxes
- ATR Supports the Georgia JOBS Act
Tuesday, March 9, 2010
- ATR Urges Utah Governor Herbert to Veto Tax Increase
- More on the VAT
- Public Sector Jobs
- How 550,000 jobs were destroyed by the minimum wage hike
- How Obamacare Will Hurt Poor Women & Children Most
- Federal Workers Make $11,000 More Than Private Sector Workers, and There’s More of Them (AWF Site »)
Monday, March 8, 2010
- Legislation Introduced to Put Ronald Reagan on the $50 Bill
- Pledge Signer Wins Illinois Republican Gubernatorial Primary
- "Net Neutrality" To Kill Jobs
- NY Supreme Court Votes to Evict Residents and Close Businesses (PRA Site »)
- California US Senate Candidates Square Off in First Debate
Friday, March 5, 2010
- ATR and CFA Support the Spending Limit Amendment
- Utah Representative Breaks Tax Pledge
- AWF Will Rate Vote on House Jobs Bill (AWF Site »)
- Energy Tax Hike Series: Use it or Lose it Tax
Thursday, March 4, 2010
- The reliability of spending "estimates"
Wednesday, March 3, 2010
"Stimulus" Fuzzy Math of the Day: No Hope for Michigan in "Stimulus" Plan
From Mattie Duppler on Tuesday, November 17, 2009 10:43 AM
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This post originally appeared at at www.fiscalaccountability.org
Michigan, which has the highest unemployment in the nation, is not faring any better because of the so-called “stimulus.” In fact, the $5.2 billion slotted for the state has, according to a Free Press analysis, “created or retained virtually no jobs.” In a state that has been hit hardest by the recession, it seems the President’s poorly-conceived plan has had, if anything, had the effect of creating part-time summer jobs for teens, providing for COLA adjustments and rental assistance.
In a nod to the naïveté that guides the administration’s economic policy, White House Economic Advisor Jared Bernstein claimed: "It looks to us like the program is unfolding much as we hoped in Michigan.”
Amongst other things, this would mean the White House hoped the “stimulus” would, according to the Free Press, have the following effects:
- Three of every four stimulus grants, contracts and loans approved in Michigan created or retained one job or less.
- Fewer than 700 awards had received some money, and nearly half of those -- 327 -- had created one job or less, at a cost per job of $2.7 million.
- Some job estimates were wrong: General Motors Co., for instance, reported 105 jobs saved or created for a government purchase of 5,000 vehicles but later said no jobs were saved or created. The City of Detroit reported 342 jobs it now says were projections -- not jobs already created or retained.
If this is what the administration had hoped for in its grand disbursal of taxpayers’ money, no wonder Vice-President Biden thinks the “stimulus” has worked beyond his “wildest dreams.”
photocredit: maubrowncow
Permalink | Email | Print | Tags: STIMULUS, CFA, Federal, Michigan
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Comments
I heard that there was a place where someone bought a lawnmower with stimulus funds, and that 'created' like 50 jobs, or something. Maybe it wasn't in Michigan, or something, but that's just plain wacky. I like Mankiw's idea for stimulus--get rid of all payroll taxes so that companies don't get punished for hiring people. Seems kinda obvious to me.
>> Jacky Tuesday, November 17, 2009 11:29 AM
The entire car industry has seen a seismic shift. Due to the Clunkers program destroying low priced cars, dealers have no more cheap inventory for the average Joe's out there. Banks and Credit Union's are becoming reluctant car dealers now with a surge of repossessions (see http://www.repofinder.com ) and are selling cars commission free all day long. Just another reason the Clunkers program is backfiring on the car industry. Just let the free market be free.
>> Mike Tuesday, November 17, 2009 4:29 PM