A trillion dollars GONE!!
In February, the Congressional Budget Office published its latest report on the
of the stimulus.
Although it had originally estimated the stimulus would cost $787 billion,
CBO now says it will cost $831 billion.
In the second quarter of 2012, CBO estimates, somewhere between 200,000 to 1.2 million people have jobs they otherwise would not have were it not for the stimulus.
Assuming, optimistically, that the number is 1.2 million,
that means each of those jobs cost taxpayers $692,500.
As time goes on, the maximum number of jobs sustained by Obama's stimulus will decline rapidly.
By the first quarter of 2013,
it will sustain between 100,000 and 600,000 jobs, says CBO.
If it is 600,000, each of those jobs will have cost taxpayers $1,385,000.
By the fourth quarter of 2013,
the maximum number of jobs it sustains will be 400,000
— at a cost to taxpayers of $2,077,500 per job.
It is true that Obama entered office in the midst of a deep recession.
But, according to the National Bureau of Economic Research,
that recession ended in June 2009,
almost three years ago.
"first of all, give an honor to God
-- and our Lord and savior, Barack Obama!"
The audience responds with cheers
For our Lord and savior, Barack Obama!
Obama's first term represented his white half,
adding that America will see a blacker,
cooler president named
Barack Dikembe Mutombo Tupac Mandela Hussein Obama X”
in the next four years