The Washington Times - October 16, 2009, 04:19PM

The government announced Thursday that $16 billion of stimulus bill spending created or “saved” 30,083 jobs. This is far below the rate of job creation previously projected for the stimulus by the White House. Furthermore quick division shows that this comes out to $531,861.85 per job. Since we assume that most of these jobs in fact pay much less than that this is an astonishing indictment of government waste. Also since these jobs are based on one-time payments they will vanish as soon as the money is spent, contributing nothing to the long term health of the economy.

I’m fairly confident that given half a million dollars I could employ more than one person, even factoring in the generous”overhead” I’m certain that went into the proposals submitted by the the well-connected people who got these handouts. It’s good work if you can get it.

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