It’s been widely reported that the Obama aministration says its going to create or save 3,000,000 jobs.
Now,thanks to the Associated Press, we know how it’s going to be done:
“Oregon spent $176 million to supplement federal stimulus funds. Democrats are taking credit for a remarkable feat: creating 3,236 new jobs in the program’s first three months. But those jobs lasted on average only 35 hours, or about one work week. After that, those workers were effectively back unemployed, according to an Associated Press analysis of state spending and hiring data. By the state’s accounting, a job is a job, whether it lasts three hours, three days, three months, or a lifetime. “Sometimes some work for an individual is better than no work,” said Oregon’s Senate president, Peter Courtney.
Apparently, Obama didn’t mean he was going to create or save 3,000,000 full-time jobs, just 3,000,000 one week jobs. Or 60,000 full-time jobs.
But based on Oregon’s experience, we can’t afford those jobs. The state spent $54,388 per job over that three month period. If the program were extended out over the course of a year, each job would cost the state an average of $217,472.
This from the same band of geniuses who want to take over your healthcare.
Source: Associated Press