Oh well. It’s only money. China’s money, actually. Lots and lots and lots and lots of it. And all we have to do is pay it back. With interest.

Economists in a recent National Association for Business Economics survey say the economic recovery was not helped by the stimulus bill. Obama’s $787 billion Recovery Act isn’t helping the economy recover, they say, despite the administration’s claims the massive slush fund “saved or created” jobs, a term still undefined. And Obama’s additional $17.7 billion jobs bill is on track to do to the economy exactly what the Recovery Act did – not much.

Of the economists polled, two-thirds say the additional measure won’t affect payroll, thus the national unemployment rate will remain hovering near double digits despite Obama’s promise the Recovery Act would keep it below 8%, a fact TIME magazine even found disconcerting last summer.

Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn’t quite worked out that way.

The other third say the new jobs bill will boost hiring “moderately,” an unimpressive result of another billion dollar jobs bill designed to support the previously unimpressive result of the previous billion dollar jobs bill. In fact, CNNMoney.com has called the second stimulus bill, or job’s bill, Obama’s Disco-era Jobs Bill since the meat of it comes directly out of Carter’s bill from 1977, a bill economists still aren’t sure actually worked.

Along with the poor results, the Recovery Act has increased in cost. The initial $787 billion Recovery Act, with funds borrowed from China, was reassessed by the CBO back in January, increasing the actual cost of the stimulus package to $862 billion due to several factors including higher unemployment, the food stamp program, and the Build America Bond program which “pays state and local governments for 35 percent of their interest costs on taxable government bonds issued in 2009 and 2010 to finance capital spending.”

The CBO outlined the increased national deficit burden of the stimulus package in this easy to follow and fun-for-the-whole-family-since-the-whole-family-will-be-saddled-with-this-national-debt chart.

The NABE study polled 68 of it’s members within private-sector firms who work in economic roles, finding 73% seeing the Recovery Act having absolutely “no impact” on employment.

The economy is improving, economists say, a positive sign not helped by the $787 $862 stimulus bill.