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New Study: "Stimulus" is a Job Killer
Tuesday, April 7, 2009 11:43 AM
We have long disputed the notion of "creating jobs/saving jobs" through the trillion dollar spending and debt package passed under the guise of economic "stimulus."
Now our friends at the Texas Public Policy Foundation have released a study that argues that jobs will in fact be lost as a result of the package.
TPPF commissioned research firm Arduin, Laffer & Moore Econometrics to produce the the study, titled "The Economic Impact of Federal Spending on State Economic Performance - A Texas Perspective." While focusing primarily on the impact of the "stimulus" package on Texas, the report concludes that there will be a significant reduction in jobs as a result of its passage:
The ARRA Act of 2009 will increase the government expenditure wedge from 49.16% to 52.41% for an overall 3.25% increase. This increase will reduce the growth in real net business output by 2.5%, which translates to a reduction of 1.7 million jobs nationally - of which between 131,400 and 171,900 jobs will be lost in Texas.
Click here to read the study.
H/T ATR
Reader Comments:
Surprise, surprise... and we needed a 'study' for this?
wb frank / work
Amen!! It didn't work in 1932-1939 and it won't work this time either.
Jay Meili / Milwaukee, Wi
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