$531,861.85* per Job “created or saved” by the “stimulus”
Glenn Reynolds links an article which reports that First Hard Stimulus Data Finds Only 30,000 Jobs Saved or Created.
The Administration, however, cautions that this ”data was partial – it represented just $16 billion out of the $339 billion awarded — but they said it exceeded their projections.”
Let’s see how much that is per job created (or saved). When we divide $16 billion by 30,083, we get about $531,861.85 So, in the seventh months since the “stimulus” passed, the federal government has spent over half-a-million dollars for each new job, er, and, each job that might otherwise, just possibly have been lost.
UPDATE: It exceeded their expectations that they would spent half-a-million dollars for each new job created or saved. That’s government efficiency for you!
*I corrected the original figure in the title because I initially divided $16 billion by 30,000, leaving out 83 jobs. I have since added them back in to my calculations.
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I have an idea. If the government will send me a check for $500,000, I will quit my job which will create an opening for someone else.
If an unemployed person can get hired to my position and I retire, then we could count TWO jobs (using Obamamath).
Comment by SoCalRobert — October 15, 2009 @ 10:27 pm - October 15, 2009
For that amount, I’ll stay home and hire two people @ $30k a year to clean the house or something. Problem solved.
Comment by Ed — October 16, 2009 @ 12:52 am - October 16, 2009
For that money, TGCpartner and I will quit our jobs and travel thereby helping to revive the aviation and hospitality industries the liberals have destroyed.
Comment by ThatGayConservative — October 16, 2009 @ 1:16 am - October 16, 2009
I’d also be more than happy to inject some stimulus into the liquor industry as well.
Comment by ThatGayConservative — October 16, 2009 @ 1:17 am - October 16, 2009
As a short lesson in how capitalism works, I offer the following:
I will start a business and hire four people. The government can send us $2.5 million as our share for jobs created.
My first act will be to start the process of closing down the business. The government can then send us $2.5 million to save the jobs.
I figure that we can keep this up forever. It is like not planting wheat.
Oh, yeah, I will also make contributions to ACORN as part of the gravy train protocol.
Comment by heliotrope — October 16, 2009 @ 10:03 am - October 16, 2009
[...] $531,861.85* per Job “created or saved” by the “stimulus” [...]
Pingback by GayPatriot » Hey, Ma’am, Where are the Jobs? — October 16, 2009 @ 11:52 am - October 16, 2009