$160,000 Per Stimulus Job?

The White House argues that the actual job number is actually larger than 640, buy viagra sales 000 — closer to 1 million jobs when one factors in stimulus jobs added in October and, cialis more importantly, capsule jobs created indirectly, such as "the waitress who's still on the job," Vice President Biden said today.

So let's see. Assuming their number is right — 160 billion divided by 1 million. Does that mean the stimulus costs taxpayers $160,000 per job?

Jared Bernstein, chief economist and senior economic advisor to the vice president, called that "calculator abuse."

He said the cost per job was actually $92,000 — but acknowledged that estimate is for the whole stimulus package as of the end of 2010.

Anyone want to bet that the actual cost per job won’t end up being way more than $160,000?

Add comment November 17th, 2009