Tuesday, July 05, 2011

Well, here's an economic triumph

(Via the Drudge Report)

The Council of Economic Advisers reports that President Zero's campaign to bankrupt the country create jobs created or saved 2.4 million jobs at a cost of $278,000 each.

Three observations. First, given how many jobs have been lost since this started, even at the stated numbers, was it really worth it? Was it worth spending $666 billion on this at a time when the country is living far beyond its means?

Second, I'd love to know how you measure that a job is "saved"? Exactly what are the criteria used for this? Measuring job creation is easy, but what is this "jobs saved" crap?

Third, given what has come to light about how "jobs created" was measured, does anyone doubt that the actual dollars-per job figure is probably way higher? (The nasty side of me is whispering "Yeah, like several times higher!")

Many more economic improvements like this and we're going to make Greece look good.

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