Tuesday, February 2, 2010

Obama's jobs

President Obama has made a point to tell the world how many jobs his stimulus has created/saved. What he doesn't tout is the ratio of money spent to jobs created/saved. If we look at the total cost of the stimulus, roughly 700 billion (It's actually quite a bit more, but this is a sold number and is easy to use in calculations). Obama claims to have saved 2 million jobs. I'm going to go ahead and assume that this is the most generous number out there, considering it come from the White House, which of course means, Obama. Anyway, dividing 700 billion by 2 million, we get 350,000. The units of course are, dollars/job ... as in $350,000/job.

That means that for every 1 job that Obama has created, the US government has spent $350,000. That seems like the exact opposite of fiscal responsibility. Now, Obama is introducing a new stimulus of $100,000,000,000 to create more jobs. Is he seriously throwing more good money after bad? Does he not realize the horrible impact his stimulus has had on the national debt already. Apparently not. If you care at all about the future of this country, you will email the White House today, at http://www.whitehouse.gov/contact, and tell President Obama not to increase this stimulus.

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