5 thoughts on “An Innocent Mistake I’m Sure”

  2. Colorado-based Teletech Government Solutions on a $28.3 million contract with the Federal Communications Commission for creation of a call center reported creating 4,231 jobs, although 3,000 of those workers were paid for five weeks or less.
    Let’s see that’s about $1400.00 per week to answer phones. Nice gig if you can get it.

  3. JJS, apparently that’s $7000 per job to temporarily create 3,000 minimum wage jobs.Nice squeeze if you can get it.

  4. I see the administration is prepared to claim that it has “created or saved” 650,000 jobs since January for the cost of only $150 billion (there’s apparently $332 billion in spending total, so there will be more jobs “created or saved”.

    For those keeping score, that’s a mind-boggling $230,000 spent per job “created or saved”. I wonder what will happen economically when the money fountain goes off.

  5. Sorry, I just had an elaboration of the above thought here. Even if the Obama numbers are right, this is a vast failure of the Obama stimulus plan. In my view, if you’re spending more than a year of salary (say $20k to $40k depending on the quality of job) to create or save jobs, then you are doing it very wrong. So the Obama administration spent something like 5 to 10 times as much money as you’d expect for the gain.

    In other words, they are spinning an abject failure as a success. Plus there’s no indication to me that they even comprehend the problem with spending hundreds of thousands of dollars to “create or save” a job for a year or less. That could just mean that they’re hiding it well. It’s profound idiocy and/or profound mendacity.

    And as always, they ignore how many jobs will be destroyed in the future so that government can spend epic amounts today to save a few jobs today. My view is that the Obama administration is at least as disastrous as the prior Bush administration.

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