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[quote=Anonymous][quote=jsteele][quote=Anonymous]
Of course Obama mentioned jobs in the past, but he did not focus to job creation until August 2011 -- after 70+ rounds of golf:
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Can you please tell me what you believe to have been the purpose of the stimulus bill?
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The stimulus package authorized 787 billion dollars. According to the official website (Recovery.gov) there are three categories of "stimulus." Citing amounts (of the first $565 billion ) spent, they are:

1.$243.4 billion in tax cuts.

2.$154.5 billion in contracts, grants, and loans. This is what we actually think of as a stimulus, construction and research projects.

3.$166.8 billion in entitlements. This is mostly money to the states to help with unemployment insurance.

Estimates of jobs "saved and created" by the package range from 800,000 to 2.4 million (both from the Congressional Budget Office), with other estimates at 1.25 million (IHS/Global Insight), 1.06 million (Macroeconomic Advisors), and 1.59 million (Moody's).

Using Moody's estimate (high middle, and independent) and round it off to 1.6 million jobs "saved and created."

That's $353,125 per job.

So where did most of the money REALLY go to?  Put it this way -- the unions aren't complaining.  Public employee unions had their pensions bailed out by Obama so they can retire at age 50.
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