It cost how much?

[graphicgr8s]

Never mind the millions of Americans who have lost their jobs this year – U.S President Barack Obama’s big, bad government “stimulus” rode to the rescue by creating 30,383 private sector jobs.

Awesome, right!

Of course that “stimulating statistic” gets even better when you consider that the public cost of creating all those jobs was “just” $2.2 billion – or $71,500 per job.

So how's that for "bang for the buck" I heard that most if not all those jobs pay right around 50g / year.

Could have written them a check for 50 grand and saved us taxpayers $21,500 each job.

[Gooshin]

Originally Posted by graphicgr8s

So how's that for "bang for the buck" I heard that most if not all those jobs pay right around 50g / year.

Could have written them a check for 50 grand and saved us taxpayers $21,500 each job.

x over y

think ahead

thanks for playing.

[Parallax]

Money is no object, when its somebody else's.

[graphicgr8s]

Originally Posted by Parallax

Money is no object, when its somebody else's.

Trouble is it's mine. And yours.

[Gooshin]

spend 70 grand now to give someone a job for 30+ years

yeah, thats ****ing horrible!

[graphicgr8s]

Trouble is Gooshin they aren't 30 year jobs. Contract is up so are the jobs. That's the problem with government created jobs. It's a false sense of security.

Thing I wonder, and they didn't elaborate on, is that 70 grand a one time deal or is it for as long as they are employed? Are we losing 21.5 per year?

Any economic recovery we may have will be due to the American people and our stubbornness not to fail. Not the government. History, which seems to be forgotten more often than not, bears it out. History has shown that the government throwing money at the problem only extends said problem. Ala our Great Depression, which lasted about seven years longer because of government involvement, and Japan's "Lost Decade".

[little laker]

Originally Posted by graphicgr8s

So how's that for "bang for the buck" I heard that most if not all those jobs pay right around 50g / year.

Could have written them a check for 50 grand and saved us taxpayers $21,500 each job.

If the people only hang onto that job for a year or less it's a waste of taxpayers $ alright.

However, if those people all hang onto their jobs for several years, paying back every nickle through their taxes then some it's a worth while investment.

[RawheaD]

Originally Posted by Gooshin

spend 70 grand now to give someone a job for 30+ years

yeah, thats ****ing horrible!

Shhhhhhhh..... reason and rational thinking aren't for some people.... their heads will assplode if you feed them too much of that potent stuff! :-D

[graphicgr8s]

Originally Posted by RawheaD

Shhhhhhhh..... reason and rational thinking aren't for some people.... their heads will assplode if you feed them too much of that potent stuff! :-D

You're safe. There wasn't any in the post you quoted.

[Gooshin]

Originally Posted by graphicgr8s

You're safe. There wasn't any in the post you quoted.

You're the expert on rational thinking around here, so i guess you're right.

[graphicgr8s]

Originally Posted by Gooshin

You're the expert on rational thinking around here, so i guess you're right.

You said it yourself so it must be true. Glad you realize it too.

[Das Boot]

On the topic of stimulus money, any state that accepted the money had to use it to expand state government (create jobs). Once the money was gone, the state had to continue the rate of spending in the areas where the money was used which would mean a hike in state taxes. The state where I live questioned if the money could be used to pay down state debt. The supreme court answered and said no (I guess that would make too much sense to setup a situation that would eventually pay off state debt). Though there was a stand and an outreach to the citizens to tough it out for the better good of the state and its future, a line in the sand was drawn and eventually the money was taken. To this day, unemployment numbers have not improved and are actually worse than when the stimulus was taken. The difference now is that my state and tax dollars are on the hook to prolong the spending.

[graphicgr8s]

Originally Posted by Das Boot

On the topic of stimulus money, any state that accepted the money had to use it to expand state government (create jobs). Once the money was gone, the state had to continue the rate of spending in the areas where the money was used which would mean a hike in state taxes. The state where I live questioned if the money could be used to pay down state debt. The supreme court answered and said no (I guess that would make too much sense to setup a situation that would eventually pay off state debt). Though there was a stand and an outreach to the citizens to tough it out for the better good of the state and its future, a line in the sand was drawn and eventually the money was taken. To this day, unemployment numbers have not improved and are actually worse than when the stimulus was taken. The difference now is that my state and tax dollars are on the hook to prolong the spending.

Well according to the Obama the recession is waning. And they only spent 10% of the stimulus money. So they're not going to need the rest of it. Right? And why are they wanting a third stimulus if the recession is waning? Hmmm. Some numbers just aren't adding up.

[Wheatfield]

here's a winner for you. Our respective governments bailed out General Motors. Recently, the local GM dealership had a car sale. They were moving them out AT COST.
There's where your "private sector" stimulus dollars are going.

[graphicgr8s]

Originally Posted by Wheatfield

here's a winner for you. Our respective governments bailed out General Motors. Recently, the local GM dealership had a car sale. They were moving them out AT COST.
There's where your "private sector" stimulus dollars are going.

Actually GM isn't private sector anymore. Obama owns it now. Actually I own part of it. I want my "free" car. I paid for it after all.

At Cost? And you believe that? Is that like "At Invoice. And we'll show you the invoice."