According to a report by ABC News, the American Recovery and Reinvestment Act (the Stimulus) has created 25 jobs in Connecticut’s 42nd Congressional District.
In Connecticut’s 42nd District (which also does not exist), the website claims 25 jobs created with zero stimulus dollars.
Thankfully, here in Connecticut it didn’t cost any money to create jobs in a Congressional District that doesn’t exist.
Other states weren’t so lucky. In Iowa for example, it cost $10.6 million to create 39 jobs in a non-existent Congressional District.
In recent weeks, the state government has reported that more than 6,000 jobs were “created or saved” in Connecticut by the stimulus.
12 responses so far ↓
Meanwhile, in the real world, the rest of us are either unemployed or work six jobs. Gag.
“In recent weeks, the state government has reported that more than 6,000 jobs were “created or saved” in Connecticut by the stimulus.”
And how many jobs were destroyed?
Biggest economic fallacy: Ignoring the unseen
Hmmm….
Anybody else get the lingering feeling that Genghis Conn’s old website has been hijacked by a certain professional poster on staff at the far-right Yankee Intitute of Connecticut? Heath Fahle is a nice guy, but jeeze…
>>Anybody else get the lingering feeling that Genghis Conn’s old website has been hijacked by a certain professional poster on staff at the….
Odd – thought the same thing when I noticed Sara post twice in a week.
Anyone else notice the tone of the comment from Wilbur Cross sounded like something from Thomas Hooker?
USA Today had state-by-state job creation predictions yesterday. CT was 6th worst with another 1.7% of jobs lost for 2010. If correct that’s another 26,000 jobs or so on top of what will be lost by the end of the year ~88,000 or so for an estimated ~114,000 or thereabouts.
Over the last 20 years CT created an average of 21,000 jobs a year during a recovery making this look a minimum 6 year recovery if job creation begins in 2011.
There are those that think CT can’t create jobs at a a 21,000 rate any more, that the new jobs will be lower end service jobs, and that it’s likely we enter another downturn before we replace the jobs lost during this recession (we won’t have the sustained recovery of the Clinton peace dividend and internet boom years).
http://www.usatoday.com/money/economy/2009-02-06-new-jobs-growth-graphic_N.htm?loc=interstitialskip
The required remedies of the Obama 2 trillion deficit will cost at least 5 years of growth if state and federal go on the austerity plans international players will require.
Bernanke’s speech on job growth yesterday was depressing and pessimistic. Worth watching if you’re Red not Blue.
http://www.nytimes.com/2009/11/17/business/economy/17fed.html?_r=1&hpw
The good news: no one’s talking about a 2010 recovery in the economy or the housing market anymore. Future stimulus plans are DOA. Cheap fed money and higher gold prices are 2010’s mantra.
I wish I got paid for blogging. In fact, I’d settle for Nestle’s canned pumpkin, Wonka candy, and Juicy Juice.
For the record, we are all volunteers here.
This is such a funny story, even beside the fact that the entire idea of “jobs created or saved” is absurd. When we get down to the real numbers – say, after Obama retires from 1600 Pennsylvania Avenue — it seems that the cost per job “created” is going to end up being about $300,000, and that for part-time work! (one program offered summer jobs to teems in Georgia. the jobs lasted from late-June to early August, and cost over $80,000 per job!)
The entire Stimulus was a mistake. Unless, of course, you live in Connecticut’s 42nd District. There it seems to be working like a charm.
Can we please lay off Heath and anyone else so generous enough to post items for discussion. We are lucky to have this blog, left, right or center. It is one of the best in CT. However, despite some Simmons-fluff here and there from Heath, he does a heck of job keeping the discussion going and I think he, and others from the right or left, should not be accused of hi-jacking something that creates useful political dialogue.
And it is certainly better here than in any blog listed to the right or at the state legislature.
The police department in Plymouth, Conn., claimed in its report that a $15,355 grant used to buy new computers had created or saved 108 jobs. The department had 22 law enforcement officers last year, according to the FBI. Mayor Vincent Festa said that the town has resorted to “counting paper clips” to save money but that it had no plans to lay off any of its police officers, even without the stimulus. He said he could not explain the report, and the town’s police chief did not return telephone calls Monday.
From USA Today-http://www.usatoday.com/news/washington/2009-11-02-stimjobs_N.htm?obref=obinsite
It is interesting to see that the only reason this Act is working in this state is because of federal requirements. If Rell had it her way, half of the things we are actually doing wouldn’t be done.
I think it is interesting to see how people comment on the effect of the Recovery Act, especially since 1. Most of the money has not been distributed yet, and 2. Anyone who knows how economic and fiscal policy works knows that it usually takes an FY to come into effect. I have been very pleased with the long-term strategy the Democratic leadership has shown, as well as some short-term projects such as “cash-for-clunkers.”
If only we had Democratic leadership in Hartford…
oh dear lord. somebody please help refute this guy above me who has no understanding of monetary policy…. I can only do so much at work right now.
- “Most of the money isnt distributed yet” : so we have more $200,000+ “saved” jobs to look forward to? wondeful.
- “anyone who knows how fiscal policy works yadda yadda…” – Money has to come from somewhere. He didn’t raise taxes, China’s pissed at us for destroying the dollar value, so we’re going to resort to the Fed buying up the debt in bonds/creating inflation. In what world is ignoring that and spending money like a drunken frat boy at a strip club understanding fiscal policy?
Cash for Clunkers was a complete ridiculous failure. But Im sure you think otherwise because that little partisan man inside your head keeps reassuring you that its good because Dems are smart.
We borrowed money….to give to people with working cars…..so that they could go into debt and buy cars they cant afford…..that were mostly made overseas.
How is borrow and spend a long term strategy? The long term strategy would be, how do we pay that bill thats going to come due?
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