The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

No Jobs Stimulated, Only Profits

Dec 7, 2009

So far, the big U.S. auto companies report government stimulus purchases of 17,600 vehicles for 270 million dollars, supposedly aimed at creating jobs.

GM originally told the government that it would use the 88 million dollars it received to create or retain 105 jobs. But “the government asked us to attach a number of employees to fulfill the order,” said GM’s spokesperson. There were actually no jobs created.

A Ford spokesperson said that they were given a stimulus order worth 129 million dollars. The order “was absorbed by the existing headcount within the assembly plants.”

The stimulus packages are prettied up with pledges about jobs – empty pledges. In fact, taxpayer money is simply given to companies with no strings attached – no requirements that they create real jobs.