do the math!
Apparently the senate came to an agreement and passed a stimulus plan that now has to go back to the house for approval. The stimulus plan will cost the US government $838,000,000,000. That's $838 billion dollars.
President Obama was hammering on congress to pass the bill which will "save or create 4 million jobs."
Lets do the math!
$838,000,000,000 / 4,000,000 jobs = $209,500 per job
I don't know about you but I think I could probably create more than one job if I had $209,500 in cash to toss around...
UPDATE:
The bill paddes the house, the final price tag is $789,000,000,000 (789B) and number of jobs saved or created 3.6 million.
That comes out to: $219,166.66 per job.
Lehman Brothers gave it’s top 4 executives $125 million bonuses and $1 million bonuses to 696 others before it went under and bought by BoA. You could create a lot of jobs firing those 700 people and feel good doing both.
— Mitch Feb 11, 11:55 PM #Don’t forget, it will also line a lot of pockets of doners.
— Tim Feb 15, 08:13 AM #Not to be a random advocate for the stimulus, because I’m against it, but the stimulus is doing more than just creating jobs. It isn’t $800 billion just for jobs, some of it is going to medicare, and social security, and unemployment.
— the weakonomist Feb 17, 11:26 AM #Yes I’m aware that it’s doing more than just that. I’m just being cynical in my post.
— Matt Feb 17, 03:09 PM #BoA bought Merrill, not Lehman.
— nate Feb 25, 01:59 PM #