Merc, you've conveniently ignored replying to this... Care to do so now?
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Originally Posted by Ibram
If you can show me that the U3 numbers used by Bush DIDN'T discount people
who took themselves out of the labor force, you might have a case, Merc.
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Also,
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Originally Posted by TheMercenary
Mostly to businesses. Individuals did not directly receive money.
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Indirectly, but ...
$300 billion in tax cuts
$116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010.
$14 billion in first time home-buyer tax credits
$15 billion: Expansion of child tax credit: A $1,000 credit to more families
$14 billion: Expanded college credit
$4.7 billion: Unemployment compensation benefits in 2009.
$4.7 billion: Expanded EIC tax credit
$4.3 billion: Home energy credit
$1.7 billion: for deduction of sales tax from car purchases,
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But they did create some great jobs, at hundred of thousands of dollars per job,
at least until the money ran out. A huge waste.
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Based upon the total amount spent perhaps, but in reality the total was NOT all directed at creating jobs.
Much of it was to stop the hemorrhaging of jobs left over from the previous administration,
another part was an investment in infrastructure, Education, Healthcare, Transportation, Communications and IT development... and on and on... and those INdirect funds described above.