When Does Oil Cost $220,000 a Barrel? When the government Tries to Clean it Up?

Now this has to be the worst waste of money since the "Failed Stimulus Bill."

In the end, the report concludes, the berms captured "not much more than" 1,000 barrels of oil, compared with the nearly five million barrels that were released from BP's Macondo well. When considered against the $220 million BP has spent as of last month on constructing the berm project, it "does not survive a rigorous cost-benefit analysis," the report said.

Yup, these berms cost $220 million and trapped only 1000 barrels. That means BP shelled out $220,000 per barrel of oil captured. So that goes right up there with the $160,000 cost for every job the Failed Stimulus created.

The White House argues that the actual job number is actually larger than 640,000 -- closer to 1 million jobs when one factors in stimulus jobs added in October and, more importantly, jobs created indirectly, such as "the waitress who's still on the job," Vice President Biden said today.

So let's see. Assuming their number is right -- 160 billion divided by 1 million. Does that mean the stimulus costs taxpayers $160,000 per job?

This is the part I hate about giving the government my tax money every year. The Return on Investment is atrocious by any measure you use. It is either frittered away on something stupid or it costs 10x more than it should to get anything accomplished.

If you were investing in US Government Equities Inc. it would be trading on the Pink Sheets. You look at the balance sheet and there is too much debt, the growth is about 1/3 of the other big countries, and we have a clueless newbie at CEO. If we didn't have such a robust product with such awesome employees we would have gone bankrupt years ago. I guess we are like those hard luck investors who turn a loss into a long term investment while they wait for a turn-around.