Stimulus Creating Jobs At $71,500 Each

The stimulus spending cost to create 1 job is $71k. Sadly the stimulus has created 30,383 jobs so far!
Meanwhile we are losing around 300,000+ each month.

The White House unveiled Thursday the first hard data on how many jobs the $787 billion recovery act has created.

So far, 30,383 jobs have been created by companies that have gotten $2.2 billion worth of stimulus contracts directly from the federal government. That equates to $71,500 per job based on just the funds that have been distributed.

These firms have been awarded a total of $16 billion. – CNN

Money Handout = Creating Jobs?

Apparently the Obama thinks “creating jobs” is handing out money to poor people…How does that saying about fish and fishing go again?

Detroit’s homeless and low-income residents have another opportunity for a chance at millions of stimulus dollars.

The money is available to help low-income residents from becoming homeless and homeless residents to find housing.

Thousands of people lined up Tuesday.

Some people in line falsely believed they were registering for $3,000 stimulus checks from the Obama Administration.

City officials told Local 4 that Detroit was granted $15 million to help residents pay bills and their rent or find temporary housing for the homeless. – Residents Get Chance At Stimulus Money

Are Consumers Using (evil) Capitalism to fight Government Motors?

Tom Blumer has a interesting perspective on the sharp decline – 42% and 45% – of GM and Chrysler.

Reviewing September’s detailed sales results in the car business carried at the Wall Street Journal, three things stick out immediately:

* The awful performance at General Motors — down 45% from September 2008.
* Chrysler’s even worse performance — down “only” 42% from September 2008, but a mind-boggling 61% from September 2007 (62,197 in 2009, 156,799 in 2007)
* Ford’s tiny decline of only 6% from a year ago, despite the end of the Cash For Clunkers program in August.

No other major maker had a year-over-year September decline that was even half of that seen at GM or Chrysler.

Yet the press, while beginning to acknowledge serious problems at the companies, both of which were first bailed out by the government and then taken through government-orchestrated, contract law-violating, UAW-favoring bankruptcies (GM discussed here, Chrysler here), still will not entertain the possibility, despite the evidence, that consumers are shunning them because of their bailed-out status and their heavy-handed tactics in bankruptcy. –

An Inconvenient Tax Movie Trailer

An Inconvenient Tax sheds light on one of America’s messiest problems – a fundamentally broken tax code that affects every part of people’s lives. With the U.S. Congress making over 16,000 changes to the tax code in the last two decades alone, many Americans want something better, but few know where to start. This feature-length documentary film reveals the many ways Congress uses the tax code to achieve political goals that have nothing to do with raising revenue. It also tackles the controversial issue of tax reform through a non-partisan presentation of U.S. tax history and current proposals to fix the code. In a time when America faces fiscal crisis, An Inconvenient Tax brings a crucial exploration of the tax code to the big screen.