The American Recovery and Reinvestment Act is supposed to create or save 59,000 jobs in Colorado by the end of 2010, but five months into the program, state officials can link fewer than 1,000 new full-time-equivalent positions to stimulus spending.
The government’s position is that the stimulus money “saved” 59,000 jobs. I have trouble understanding where that figure comes from or how it can be proven. All I see is the government taking jobs. They have made working illegal, if you are willing to work for less than $7.28 an hour. They have seriously hurt the Colorado oil industry as I pointed out a few days ago. The list could go on forever, citing everything from laws that restrict the hours of operation in places that sell alcohol (and for that matter restricting the sale of other products), to permit limits for certain occupations and projects, licensing, harsh health and safety rules that make certain businesses and projects unprofitable. To restricting land use. They also make everything you purchase more expensive, this means you are forced to purchase less, this makes it so that the people who manufacture/mine/grow and sell these products are forced to manufacture and sell fewer products. The basic truth is that government has no way of creating jobs, all they can do is restrict jobs and redistribute jobs.
I think I can safely say that the government is responsible for more lost jobs than this stimulus has “saved” or created.