Saturday, July 3, 2010

Obama - 'Let’s Spend $2 Billion to Create 5100 Jobs'

If only the $2 billion was really for 5,100 jobs, then I might be just sad. It is actually only for 1,500 permanent jobs, the rest are just temporary; that may just have made me depressed.

http://hotair.com/archives/2010/07/03/obama-lets-spend-2-billion-to-create-5100-jobs

"If this is an example of how Obama will sell the green-jobs economy, he’d better hope that the public schools get a lot worse than they already are at teaching math. Obama proposes spending $2 billion to create a total of 5,100 jobs. That will cost $392,156.87 per job. That kind of money, in the private sector at least, should fund several jobs. Heck, even a government bureaucrat costs less than that; even at the Department of Transportation, that would cover two and have enough left over for a secretary.

But that’s not the only folly in this proposal. Of the 5,100 jobs Obama promises, only 1,500 of them are permanent jobs. The others are construction jobs, which will only last as long as the money flows to the project. That means we will spend over $1.3 million per “permanent” job in building this “green economy,” which looks more like a red-ink economy with even a cursory check of the numbers.
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