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.
Need more proof Obama’s stimulus didn’t work? Look at the predictions made by Obama’s economic team.