iBankCoin
Joined Nov 11, 2007
31,930 Blog Posts

Study: Obama’s Stimulus Destroyed/Forestalled 1 Million Private Sector Jobs

“Our benchmark point estimates 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 o ff-set 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.”

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2 comments

  1. Juiceyfruit

    fair & balanced journalism at IBC

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    • Woodshedder

      You’re opposed to research? For goodness sake’s Bruce, it is published by two Economists at Ohio State.

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