re: #39 Obdicut

What are you babbling about?

I don’t give a shit about the number of jobs ‘saved or created’.

I do which should be evident by my comment: Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job. It was also the argument the WH and congress sold the country when passing the stimulus package.

What on earth does that have to do with morons that reject Keynesian economics?

The white house and keynesians fanatics sold us on the supposed multiplier effect. Their argument was that for every $1 spent we would get roughly $1.70 in return. The multiplier never showed up. It didn’t show up in the ‘30’s under FDR either, so far it’s 0-2 here but some want to keep holding on to the dream while making fun of those pointing out the obvious. If after adding roughly 6% of gdp to the debt in 3 years the stimulus couldn’t keep unemployment under control, which was almost the entirety of the administrations argument, by what basis are you going to argue that the multiplier effect is real and/or the stimulus package was a success?