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What the MSM won't report
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<blockquote data-quote="Babagounj" data-source="post: 838748" data-attributes="member: 12952"><p>"The American Recovery and Reinvestment Act: Public Sector Jobs Saved, Private Sector Jobs Forestalled."</p><p> The paper is dense and rather lengthy, and requires considerable study. Here, however, is the bottom line:</p><p style="margin-left: 20px"> Our benchmark results suggest that the ARRA created/saved approximately 450 thousand state and local government jobs and destroyed/forestalled roughly one million private sector jobs. State and local government jobs were saved because ARRA funds were largely used to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment. The majority of destroyed/forestalled jobs were in growth industries including health, education, professional and business services.</p> <p style="margin-left: 20px">So the American people borrowed and spent close to a trillion dollars to destroy a net of more than one-half million jobs.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"><a href="http://www.powerlineblog.com/archives/2011/05/029042.php" target="_blank">http://www.powerlineblog.com/archives/2011/05/029042.php</a></p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"></p></blockquote><p></p>
[QUOTE="Babagounj, post: 838748, member: 12952"] "The American Recovery and Reinvestment Act: Public Sector Jobs Saved, Private Sector Jobs Forestalled." The paper is dense and rather lengthy, and requires considerable study. Here, however, is the bottom line: [INDENT] Our benchmark results suggest that the ARRA created/saved approximately 450 thousand state and local government jobs and destroyed/forestalled roughly one million private sector jobs. State and local government jobs were saved because ARRA funds were largely used to offset state revenue shortfalls and Medicaid increases rather than boost private sector employment. The majority of destroyed/forestalled jobs were in growth industries including health, education, professional and business services. So the American people borrowed and spent close to a trillion dollars to destroy a net of more than one-half million jobs. [URL]http://www.powerlineblog.com/archives/2011/05/029042.php[/URL] [/INDENT] [/QUOTE]
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