Economic study: Stimulus 'destroyed/forestalled' 1 million private sector jobs
Economists Timothy Conley and Bill Dupor have issued a study about the American Reinvestment and Recovery Act, also known as the “Stimulus” – approximately a trillion dollars borrowed and spent ostensibly to create and save millions of jobs and keep the unemployment rate below 8%.

We’ve known for months, each and every time the unemployment numbers come out, that it failed miserably to keep unemployment below 8%.

Conley and Dupor give the short “bottom line” version of their study’s result:

Our benchmark point estimates suggest the Act created/saved 450 thousand government-sector jobs and destroyed/forestalled one million private sector jobs....