From Hot Air:
Obama promised to stimulate the private sector with Porkulus, but the vast majority of the jobs being reported are those of government bureaucrats. Peter Morici, the University of Maryland economist, told the Free Press that 90% of the supposed stimulus would take place in the public sector, not the private sector — and the FP’s numbers support that conclusion. Even those jobs are questionable[.]
Michigan unemployment is over 15%. Findings from the Freep Analysis :
-Three of every four stimulus grants, contracts and loans approved in Michigan created or retained one job or less.
- Fewer than 700 awards had received some money, and nearly half of those -- 327 -- had created one job or less, at a cost per job of $2.7 million.
And, the Freep is a librul paper.
Here's a cool little link where you can enter your zip code (or any zip code) and get a list of who received some of that mad Obama-money. A quick look at my zip, finds that most of it went to schools and a little bit to local City government.
I checked my old zip code and what did I find? City of ... City of ... County of ...
Honestly, this is really fucking depressing. We've bailed out ... the government.
No jobs have been created or saved. Don't take my word for it. Take my liberal-, Obama voting-, and democrat backing- paper:
Seven months into the massive federal stimulus program, the vast majority of government grants, contracts and loans in Michigan so far have created or retained virtually no jobs, a Free Press analysis shows.
"It looks to us like the program is unfolding much as we hoped in Michigan," said White House economic adviser Jared Bernstein.
Really? Really? This is what you hoped for?