Nov 03

$230K a job

Economy, Politics, Taxes Add comments

Michigan received $5.2 billion in stimulus money and the White House generously credited itself with creating “or saving” 22,500 jobs in Michigan.  Let’s go to Google math:

image thumb13 $230K a job

That’s write – $231K per “saved or created” job in Michigan.

No word, yet, from jobs lost or never created because taxes are too high or because business and our creditors rightly fear the crazy debt our government is racking up.

2 Responses to “$230K a job”

  1. TR Says:
    November 3rd, 2009 at 8:21 pm

    Try this math and logic. Average government job compensation in 2009 was $62K with 50% overhead. That’s higher than private industry. $5B in funds is at least 80,000 jobs at those rates. 22,500 jobs is only $1.4B.
    Who stole or lost $3.6B?

  2. Ken Says:
    November 3rd, 2009 at 9:49 pm

    It went to fund existing constiuencies. So it was lost AND stolen.