Negative Stimulus

President Obama has been proud of his economic stimulus plan. I daresay the intent of his plan was to increase jobs. It appears he should have waited for the real numbers to come out before bragging.

Two economists have run the numbers and, guess what? The Obama "stimulus" actually cost a lot of jobs; here is the money quote:

Economists Timothy Conley, University of Western Ontario, and Bill Dupor of Ohio State University found that the stimulus resulted in a net loss of 595,000 jobs from April 2009 to September 2010.

It turns out the Obama "stimulus" is definitely something about which not to brag. Well over half a million former employees got burned by it. The source for the quote is the Investors Business Daily. Hat tip to Lucianne.com for the link.