Tag: Timothy Conley

Still think that stimuluspatronage bill wasn’t political?

Then check out an awesome paper on the effects of the ARRA (that’s the porkulus bill) titled “The American Recovery and Reinvestment Act: Public Sector Jobs Saved, Private Sector Jobs Forestalled“, by Timothy Conley and Bill Dupor, both economists, contending the following:

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.

Get it? The democrats basically this bill saved some 450K federal & state jobs – that’s their voter base – at the expense of over a million private sector jobs, which might not even vote for them. So thusly we spend over a trillion – that’s the ARRA with interest – to get a net loss of over half a million jobs. But the donkeys kept their constituents happy-crappy.

Now, I am sure someone will try to point out that it wasn’t this but simply that these people believe government creates jobs, and the jobs it creates are government jobs. Well, thanks a ton. A trillion dollars later I have people that are hostile to me still entrenched, while the goods producing private sector is being told it needs to pony up more cash for them. Can we at least then agree that government spending is not any kind of stimulus spending, but actually destructive to the real economy? Basically we protected big government states from their own malfeasance at the tax payer’s expense, got none of that promised infrastructure, and paid premium dollars for it. Think we will see this on the national news soon?