Diary

Our stimulus dollars at work - Exhibit 2

Drudge had a link earlier this week to this enlightening story from Oregon about how the stimulus was creating new jobs.

How much are politicians straining to convince people that the government is stimulating the economy? In Oregon, where lawmakers are spending $176 million to supplement the federal stimulus, Democrats are taking credit for a remarkable feat: creating 3,236 new jobs in the program’s first three months.

But those jobs lasted on average only 35 hours, or about one work week. After that, those workers were effectively back unemployed, according to an Associated Press analysis of state spending and hiring data. By the state’s accounting, a job is a job, whether it lasts three hours, three days, three months, or a lifetime.

I wonder if there is any sort of job creation incentive fee. I could pay my neighbor’s kid $20 to cut my yard and he could pay my kid $20 to cut his yard, and between us we’d have created two jobs. If we each got paid a $25 incentive for creating those new jobs that would be fair right? If we do that every two weeks for a couple months, just think of all the jobs we’d be creating!