Happy Birthday, "Stimulus"!? One Year By the Numbers


Posted by Sandra Fabry on Thursday, February 18th, 2010, 11:20 AM PERMALINK

$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.

×