Government Accounting for Idiots

Posted on October 30th, 2009 Dan

From BSC

” About 650,000 jobs have been saved or created under President Barack Obama’s economic stimulus plan, the White House said Friday.” (http://news.yahoo.com/s/ap/us_stimulus_jobs)

Are you kidding me?  Are they really putting that out there as a victory?

1) More than 12 MILLION jobs have been lost in the past 18 months.  650k represents only 5% of the total job losses that have been saved.  95% of the 12 million are still unemployed (thats over 11 million people for those of you keeping score at home, if you still have one).

2) So 787 billion for 650k jobs, what kind of a deal do we get for that?  It is costing the US Taxpayers 1.2 million dollars to save 1 job.   Doesn’t seem like a good return on investment does it?  Well its even worse than that… FAR worse.

3) The $787 billion stimulus is really much more than 787 billion.  Always make sure you read the fine print.  As Treasury Sec Timmy Geithner said “it is a revolving line of credit.”  Well guess what, it has been “revolved” over 20 times now by last count (Fed Chariman Benny Bernake doesn’t really know how many, but he guesses its more than 20).  787,000,000,000 * 20 = $15,740,000,000,000.  Thats over 15 TRILLION dollars, conservatively.  That puts costs up to $24 Million dollars PER JOB saved!

If you are wondering why it costs 24 million dollars to save 1 job, its very simple.  The 1 job being saved is the job of a Criminal Elite Corporate Banking Syndicate Member, whose mafia style cabal has infiltrated our government and is now robbing us blind.  Seeing as that is such tough work, I’d say it merits the 24 million dollar salary.


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