Diary

Heck with it - let's just make it an even trillion

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.