**Posted by Phineas
Because if you don’t hammer Obama every day from now until Election Day with the fact that his stimulus plan caused a net loss of 500,000 jobs, you don’t deserve to win:
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.
That’s from a study (PDF) by economists at Ohio State. In other words, we borrowed and spent nearly one trillion dollars (that’s $1,000,000,000,000) on the assurance of President Obama and the (Social) Democrats that doing so would stimulate the economy, create new jobs, and restore prosperity. Instead, we bought a bunch of pork-barrel projects and waste that only made unemployment worse. We’d have been better off if Obama and Congress had done nothing.
That monument to incompetence alone should cost them the 2012 election.
You’ve been handed a club, Republicans: use it.
(Crossposted at Public Secrets)