The truth about the Stimulus is leaking out

Here is the first paragraph of a story in the Washington Times today:

"The Congressional Budget Office on Tuesday downgraded its estimate of the benefits of President Obama’s 2009 stimulus package, saying it may have sustained as few as 700,000 jobs at its peak last year and that over the long run it will actually be a net drag on the economy."

There you have it. The CBO is non-partisan and it is the entity that scores the impact of legislation prior to congress voting on each bill. It has no axe to grind. But now the CBO says that the Stimulus will be a net drag on the economy over the long term. To make things worse, it may have only created 700,000 jobs. Since the stimulus cost close to 800 billion dollars, that means Obama spent about 1.1 million dollars per job and hurt the economy in the process. What a major success!