Part of the $800+ billion stimulus law required the Executive Branch provide detailed reporting concerning the results – good or bad – of the program. After multiple reports indicated “saved or created” jobs were costing upwards of $300,000 each, the Obama administration just stopped providing the reports.
From Jeffery Anderson at The Weekly Standard.
Have you heard much about President Obama’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) lately? In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved.
[T]he Obama administration is required by law to submit quarterly reports on the “stimulus” through the third quarter of 2013. By now, it was supposed to have released fourteen such reports. It has released only eight. The last one covered the period ending in June 2011.