The effects of the $787 Stimulus package on the construction industry were analyzed by technology firm Construction Software Advice. Put simply, the massive spending programs -- $131 billion targeted directly at "saving or creating" construction jobs -- were colossal failures.
In other words, economic central planners Pelosi, Obama and Reid were just as successful as the Soviet Union's Politburo during the eighties.
Here is a comparison of the jobs lost in the last year (September 2008 to September 2009) with the number of jobs created or retained by the ARRA [American Recovery & Reinvestment Act, or Stimulus Program].Recovery.gov recently released their quarterly report on stimulus bill funds and our team at Construction Software Advice has compiled the construction related data to gain a clearer picture of how the ARRA is influencing the construction industry... How many construction jobs has the stimulus bill actually created or retained?
...According to the data released on October 30th by Recovery.gov, the ARRA has created or saved 76,214 construction jobs across the nation at a total cost of $15.8 billion since the bill was signed into law.
That’s $222,491 per construction job.
What effect do those numbers have on overall employment in construction?
Here is a graph of the number of construction workers unemployed each month this year, in thousands.Unemployment in the construction industry has more than doubled in the last two years and as you can see, the stimulus bill has so far had a negligible effect on construction unemployment. There are over 600,000 more construction workers unemployed right now than there were in 2008.
...At the current rate of approximately 8,500 construction jobs created/saved a month nationwide, it would take the stimulus bill by itself 82 months to bring construction unemployment down to 2008 levels.
So if you're an unemployed construction worker, just wait around for seven or eight years: you should be gainfully employed by, say, 2018.
Cash-for-Clunkers. Turbotax Tim Geithner. Rampant unemployment. Banksters at the White House. Construction failures.
And these are the geniuses who want to take over the entire health care industry.
