Why the Stimulus Package is a Giant #FAIL
The "Stimulus" package has been touted as helping our economy. However, we believe it is a giant #FAIL. See the below table developed by the Center for Fiscal Accountability.
If you think the stimulus has failed, use the hashtag #StimulusFAIL on Twitter. Click here to Re-Tweet.
| $787 billion | size of the “stimulus” package as signed into law on February 17, 2009 |
| $862 billion | size of the “stimulus” package per CBO’s updated January review |
| $288 billion | claimed total tax cut amount in “stimulus” package |
| $214.6 billion | actual total tax cut amount in “stimulus” package (some of the tax cuts were in fact spending) |
| 3.6 million |
jobs “stimulus” package was supposed to create per the Administration’s estimations
|
| 3.3 million | number of jobs lost since signing of “stimulus” package |
| 67,000 |
number of federal civilian employees added since “stimulus” package was signed |
| $270.7 billion |
cost to taxpayers* for these new government employees |
| 7.6 percent | unemployment rate at signing of “stimulus” package |
| 8 percent | rate under which unemployment was supposed to be held with “stimulus” package in place |
| 10.2 percent | highest unemployment rate since signing of “stimulus” package |
| 9.7 percent | current unemployment rate |
| 440 |
number of non-existing Congressional districts in which the “stimulus” package was supposed to have “saved and created” jobs according to Recovery.gov
|
| $224,525.22 | cost per job “saved or created” in 440 phantom districts |
| 94,341 (and counting) |
number of jobs clearly not saved/created by “stimulus” package |
| 6 percent | number of Americans who think the “stimulus” package has actually created jobs |
| $17 billion |
Cost added to “stimulus” package due to Davis-Bacon prevailing wage requirements
|
Click here for a pdf version.
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