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View Diary: Wall Street Journal - "Obama spending binge never happened" (118 comments)

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  •  All empirical ? Hardly Look at the 2009 stim: (1+ / 0-)
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    Roadbed Guy

    Recovery Act had about 1.73 billion in stim - should have created between 3.46 and 4.3 million jobs, it created 4.2 million.
    http://en.wikipedia.org/...

    Infrastructure InvestmentTotal: $105.3 billion

    $10 billion for health research and construction of National Institutes of Health facilities
    $2 billion for Community Health Centers
    $1.3 billion for construction of military hospitals (military)
    $6 billion for renewable energy and electric transmission technologies loan guarantees
    $4 billion to the Department of Housing and Urban Development (HUD) for repairing and modernizing public housing, including increasing the energy efficiency of units.
    $53.6 billion in aid to local school districts to prevent layoffs and cutbacks, with flexibility to use the funds for school modernization and repair (State Fiscal Stabilization Fund)[

    4.25 million jobs created:
    http://www.barackobama.com/...

    Rule of thumb
    100 billion spent on infrastructure creates 2-2.5 million jobs. Other types of spending have a weaker multplier. Infrastructure has the strongest multiplier.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Wed May 23, 2012 at 10:42:13 AM PDT

    [ Parent ]

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