Obama is reaching across the aisle to get help from some McCain economic advisers and it seems there is no end to the “stimulus” bandwagon. But not to worry – that trillion dollars would be spread out over two years.
This paragraph especially caught my eye. If my math is right, they’re saying it will cost more than $265,000 of taxpayer funds for each job Obama wants to claim he “saved” or “created”. Am I missing something, or did all these economists flunk math?
Obama’s economic team believes that to put unemployment on a downward trajectory with a goal of 7.5 percent or less over two years would require a stimulus package of about $850 billion. That would generate about 3.2 million jobs by the first quarter of 2011.