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Monday, December 7, 2009

That's Some Return on Investment

A new, quick, analysis of the stimulus' job production numbers has shown one heck of an ROI thus far:
The Obama Administration is touting that their stimulus program has saved or created 640,329 jobs since it was enacted back in February through the end of October. This number is updated and posted on the Administration’s recovery.gov web site. That amounts to $246,436 per job based on the $157.8bn that has been awarded so far! Total compensation earned by the average payroll employee during October, on an annualized basis, was $59,867. If the government had simply used the funds awarded so far to pay for a year’s worth of labor, that would have paid for 2.6mn jobs!
It will be interesting to see what the Democrats do to improve that statistic in the next stimulus package they push.

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