Saturday, October 31, 2009

Some Very Expensive Jobs - Mish's Global Economic Trend Analysis


Obama creates 640,329 jobs at a cost of $323,739.83 per job:
"Inquiring minds are asking the question 'How many jobs were created out of the various stimulus programs so far and at what cost per job?'
That is a good question. Not that we can believe the reported number of jobs created, but let's assume for the sake of argument that the figures provided by the administration are correct."

Looks like Fox isn't the only one on the Administrations "Bad Guy" list. Mish, along with Denninger at Market Ticker are joining a long registry of financial bloggers who are starting to question the numbers and claims being put out by the Team Obama. There are more and more of Obama Believers Of Change that are slowly becoming heretics. The Main Stream Media, not so much.
Update:
I may have spoken to soon about the MSM's non-reporting of the subject. I just ran across this article in ABC news by ABC News Senior White House Correspondent Jake Tapper, check it out -
$160,000 Per Stimulus Job? White House Calls that "Calculator Abuse" 

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