The sad thing is that, even if you take Obama at his word that they "saved or created 640,239 jobs" at a cost of $787 billion, then they essentially paid $1.2 million per job.
Ack. That means that if they had just gone out and hired people, at a pretty decent salary of $40,000/year, to do whatever, that money would have created about *thirty* jobs for every *one* that they are taking credit for creating or saving now.
Great points, Tim. Not only that, but we'll be paying interest on that debt for years and years and years. Keynesian economics - the gift that keeps on giving!
Kinda nice to see "it" spreading. ^.^
ReplyDeleteWe'll find balance yet!
The sad thing is that, even if you take Obama at his word that they "saved or created 640,239 jobs" at a cost of $787 billion, then they essentially paid $1.2 million per job.
ReplyDeleteAck. That means that if they had just gone out and hired people, at a pretty decent salary of $40,000/year, to do whatever, that money would have created about *thirty* jobs for every *one* that they are taking credit for creating or saving now.
Great points, Tim. Not only that, but we'll be paying interest on that debt for years and years and years. Keynesian economics - the gift that keeps on giving!
ReplyDelete