I just heard Lawrence Summers of the National Economic Council rave about the effect of the Federal government's "stimulus plan." He said on CNBC.com recently: "We saw data for the first time. . .that showed that the first $16 Billion of the stimulus created over 30,000 jobs. So this is working, and the majority of the funds haven't been paid out. . ."
So it took $16 billion to create 30,000. First I would like to know what kinds of jobs these are, and where they are. Where I live I have not seen any revival of the economy. Are these jobs service jobs? Government jobs? Or are they jobs that actually create and sustain an economy like manufacturing, farming, mining? I wonder.
But to get to the heart of things--divide 16 billion by 30,000 and you'll get the amount of money spent by your Federal government to create one single job. $533,333.33. Over $500,000 of YOUR money spent to create ONE single job? What are the jobs that it costs this much money? Does this sound just a little wasteful or extravagant to you?
And I thought the whole purpose of the Federal takeover of the healthcare industry was to bring DOWN expenses! These are the same people who are just so smart with money that they will bring down costs if only they could takeover your healthcare. Follow their track record.
Saturday, October 17, 2009
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