The White House on Tuesday sharply disputed a report that uses data from President Obama's economic advisers to claim that jobs created or saved by the stimulus bill cost taxpayers $278,000 each.
The report released by the president's Council of Economic Advisers late Friday ahead of the July 4 holiday weekend estimated the Recovery Act saved or created between 2.4 million and 3.6 million jobs by the end of March 2011. Spending equaled $666 billion by that time.
The White House is sharply disputing a report that argues President Obama's stimulus package cost taxpayers $278,000 per job that it created or saved.
"That's a cost to taxpayers of $278,000 per job," according to the Weekly Standard, a Washington, D.C.-based magazine. "In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the 'stimulus,' and taxpayers would have come out $427 billion ahead."
But the White House said that study is based on "partial information and false analysis."
Makes that $300 stimulus check really a cruel joke.
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