So, CNN fact-checked the Democrat’s claim that they have “saved or created” 4.5 million jobs. CNN found that only 300,000 jobs were created (that is also a lie) over the course of Obama’s 3.5 year presidency. Conveniently, CNN leaves out the record number of Americans who have given up and dropped out of the labor force. Under Obama, the labor force participation rate is at a 30-year low.
The $787 billion stimulus number is also a very conservative estimate and the true cost of Obama’s failed stimulus is closer to $3.27 trillion. Either figure still proves how expensive these “created” jobs are.
$787 billion (787,000,000,000) divided by 300,000 comes to $262,333 per job.
So, almost a trillion dollars spent and all the taxpayers got was higher unemployment, less Americans participating in the labor force and the bill.
Need more proof Obama’s stimulus didn’t work? Look at the predictions made by Obama’s economic team.
Disgusting! The real shame is that Obama and his wife are going to make a fortune once they’re out of the White House on speaking engagements, book deals etc.. There should be a law that politicians are not allowed to profit from the people’s service. Just one of Michelles vacation’s could have clothed and fed a family for years!!