“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.” (Book of Revelation 13:17-18)
Yesterday, Fellowship’s wonderful writer DCG published a post, “Stumulus Was a Bust,”about a report released by the Obama administration last Friday before the long July 4 weekend. The timing was intentional in order to elude media attention to the report’s contents because the “Seventh Quarterly Report” was on the dismal economic impact of Obama’s fiscal “stimulus.”
Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.
Written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, the report nevertheless admits that Obama’s “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost to taxpayers of $278,000 per job.
Every headline writer emphasized the “$278,000 per job.” No one seems to have noticed the fact that the total (to date) of Obama’s ineffective and extremely costly “stumulus” is:
Mere coincidence? Or a sign?