Thursday, February 14, 2008

Government Math

But administration officials are counting on a lift this summer from the $168 billion economic stimulus package that Congress passed last week and from the Federal Reserve’s recent decisions to reduce short-term interest rates....

Mr. Lazear rejected proposals by Democrats to offer an additional 13 weeks of unemployment benefits, for a total of 39 weeks, to people who lose their jobs. He said it would be unprecedented to extend jobless benefits at a time when the unemployment rate is only 5 percent, and he predicted that the stimulus package would create an additional 500,000 jobs this year.

$168,000,000,000/500,000 jobs = $336,000/job

And this is a stimulus plan? Just goes to show how much politicians want to avoid a recession in an election year.

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