Maybe you are one of the 3 million plus people that lost a job in 2009 or maybe even one of the 5 million plus people that lost a job the year before in 2008.  Either way, you are probably very happy to learn that in 2009 the Federal Government spent $787 billion dollars to create just 600,000 jobs.

Actually, according to their own numbers, ALMOST 600k jobs.

That means the government spent $1.3 million per job!  That stimulus money may be helping someone, but it sure isn’t helping the majority of people that lost or are losing a job from getting a new one or saving their current job.

What could $787 billion purchased that would have been a better investment in America?

At that rate, the US government could have sent all 8 million unemployed workers from 2008 and 2009 back to college for 3 semesters to retrain and had $70,000 left to pay them a salary to work doing ANYTHING!

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Tags: 1 step forward 20 steps back, fail, job loss, jobs, unemployment, waste

This entry was posted on Monday, February 1st, 2010 at 2:40 pm and is filed under Economic Depression Metrics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.