Build Back Broke: Biden’s Multi-Trillion Dollar Federal “Stimulus” Package Cost Taxpayers $855,000 Per Job Saved, Made “Near-ZERO Impact on National Income and Economic Growth”
By Julian Conradson Published June 21, 2022 at 8:44pm
FTA
Billed as the savior to the failing economy following the Covid-19 lockdowns, Biden’s “groundbreaking” multi-trillion-dollar economic stimulus package, The American Rescue Plan, was meant to “jumpstart” the economy, create and save jobs, combat inflation, and be the opening salvo to a successful four-year plan for the fraudulent Biden Regime – a tall order by any stretch of the imagination.
However, since the stimulus package was signed off on, Americans’ have been experiencing unprecedented economic and financial fallout as the cost of everything continues to inflate with no end in sight. The American Rescue Plan, by all subjective measures, has been a catastrophic failure.
Well, now that the numbers have had time to be analyzed, the results of Biden’s disastrous “stimulus package” are shaping up to be even worse than originally thought. According to a new National Bureau of Economic Research (NBER) study, the American Rescue Plan cost the taxpayers a whopping $855,000 per every year of employment it saved. Unbelievably, the cost to preserve each job amounts to, at minimum, 8-10x the salary for each position.
Trump ‘s previous year’s stimulus was sufficient. But democrats wanted to be the ones to give away big money and “save the economy”. Then they thought they’d follow up with build back better spending. They really do believe in modern monetary theory.