Monday, July 13, 2009

Stimulus Bill Created Jobs! Each One cost $8.32 Million?

You have to be kidding me. The Stimulus bill that was supposed to rescue us from 8.5% unemployment has created all of 50 new jobs for New Hampshire only 37 of which are full time.

Roughly speaking, those 50 jobs cost the American taxpayer $8.32 million per position. If we calculate part-time positions as one-half of a full-time job, the cost per full-time job would be $9.9 million. At that rate, the $787 billion Porkulus package should generate about 79,495 jobs across America — or about what we lose today by 1:37 pm in new unemployment claims. And of course, all of those would last only as long as the stimulus money kept coming to fund them.

The sad part is that Obama is saying the stimulus is working as intended. I think it is just Hope and $1.50 in Change. That is all we will be left with after they blow billions on worthless "jobs" that will run out when the stimulus runs out.

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