Ever since Obama ran for office I have been accused of being negative. Sure, I’m only human, and when my fellow Americans get excited, I usually go with that flow. But hearing about Obama’s “vision” for the future, I couldn’t help but realize that the math just didn’t add up.
Now I’m breaking a very long silence after he has taken office and want to show you what the results are based on Recovery.org:
I typed in my zip code which is 92109 and you can see the results yourself.
2,648,434.00 U.S.D. were spent on 6 contracts and created a measly 1.14 jobs.
So let me get this straight: 6 contracts created 1.14 jobs?
441,405 U.S.D. per contract and one of them created an additional job.
The others just took the money and ran?
747,910 U.S.D. were spent on 10 grants which benefited 0.56 recipients.
Now I am not going to make any shortsighted presumptions, but at the age of 40 and having seen quite a bit, I’m not going to wait for another speech from Obama to wait with my determination that his plan is not working out. In fact we are getting deeper into debt and the war machine keeps rolling more than ever.
My own opinions are my own opinions, but go ahead and type in your own zip code. See how much the people in your city have benefited. At what time are we going to accept that the government is just “slow” and laugh it off and when are we going to hold people accountable like we do with our employees and children?
On a national level there have been 29,585,530,744.00 USD spent on 26285 contracts creating 32,694.89 jobs which comes down to 1,125,567.08 U.S.D. per job.
166,798,155,270 in grants have been awared to 154,370 sources benefitting 560,612 averaging 297,528 U.S.D. per recipient and 1,080,540 per contract.
Then there was that 2,130,164,108 U.S.D. spent on 855 programs giving loans to 1,950 people coming down to 1,092,391 per recipient and 2,491,420 U.S.D. per stimulated source.
Do you have to be an economist to recognize that not only the program failed but no end to the situation we are in has been brought any closer?
Waiting for the depression to be over is not smart. Banking on tomorrow could be deadly. Even if the news shows positive, these are the facts. The horse’s mouth has spoken.
Mike Dammann
Firetown
Popularity: 2% [?]
6 Responses
Yea, but that 1 guy who got the job sure is happy.
Posted on February 20th, 2010 at 1:19 pm
It sounds like your area is doing better than mine.
In my zip code, there has been 1 awards in the amount of $146,888 resulting in 0 “Recipient Reported Jobs,” and 5 grants in the amount of $1,891,441 resulting in 0 “Recipient Reported Jobs,” totaling 6 awards in the amount of $2,038,329 spent. Resulting in 0 “Recipient Reported Jobs.” spent without the creation of one single job as of 1/30/10.
Statewide, there have 446 contracts in the amount of $236,146,618 resulting in 925.39 “Recipient Reported Jobs,” 2019 grants in the amount of $3,139,818,284, resulting in 5,921.09 “Recipient Reported Jobs,” and 4 loans in the amount of $4,833,000 resulting in 9 “Recipient Reported Jobs,” totalling 2469 awards in the amount of $3,380,797,903 spent. Resulting in 6,855.48 “Recipient Reported Jobs.”
That means $493,152.62 has been spent per “Recipient Reported Job.”
“Recipient Reported Jobs” is a liberal/progressive buzzword for “jobs that already exist, or jobs that may exist in the future which receive stimulus money.” Employers who receive this stimulus money are in no way obligated to spend this money on creating new jobs, and since it is much easier to spend the money on jobs that already exist, with people who are already employed, it is not likely that new jobs will ever be created.
Posted on February 20th, 2010 at 4:04 pm
I entered my zip code and it shows that 12 grants where made for a total of $4,947,558 . But it only shows 6 with a total of $2,811,964. the biggest being a small town. no jobs where created in any of them. one is for community services? What a scam. Thank you.
Posted on February 22nd, 2010 at 4:29 am
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Posted on March 8th, 2010 at 3:54 am
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