Cost of Obama’s Stimulus Package Cost Tax Payers $655,000 per Job
On Monday January 25th, “USA Today” released the results of the quarterly survey of 50 economists. According to the economists’ median estimate, President Obama’s $787 billion stimulus package saved 1.2 million jobs. Without the 1.2 million jobs, 10% December unemployment rate would have been 10.8%.
What “USA Today” neglected to mention is that if you divide the $787 billion by 1.2 million the cost per job saved equals $655,000. It is a matter of simple math.
By Jack W. O’Leary
Rochester, N.Y.
Jack W. O’Leary is a former President of a Fortune 500 Company in Michigan. For the past 10+ years, he has been supplying and building hospitals in Kenya.
