$230,769.23 Spent Per Stimulus Job "Created or Saved"
2:34 PM, Oct 30, 2009 • By DANIEL HALPER
The White House's stimulus program is a joke. Indeed, the Obama administration would be better served if it handed out money on the side of the street, than it is by its current job creation program. Consider the current numbers:
Now, some simple math:
"Created or saved" jobs: 650,000
Cost per "created or saved" job = $230,769.23
And the White House call this a success?
Yes, yes it does. Joe the-vice-president Biden's chief economist, Jared Bernstein, says:
Here, folks, is the Obama administration squeezing good news out of bad news. But transparency reigns supreme: the economic news still looks bad.