CHESSNOID

I think this is crazy.   Do you remember in high school algebra, you would create an equation based on the known variables the statement gave you?  The easy ones were the problems with the least amount of variables.  In this case the question would be, “so how much did each job cost to create?”

Let’s see:

150,000,000,000.00 dollars

650,000 jobs

This one is an easy one:

$150,000,000,000.00/650,000 equals $230,769.23 per job created or saved

Thank goodness for google because my calculator wouldn’t accept $150 Billion. Now we know it cost about a quarter of a million dollars to create or save 1 job.

I wonder if it would have stimulated our economy more if we gave these 650,000 individuals $230,769.23 each. You know like winning the lottery. You could buy a house with cash, a couple of cars, or even pay off all your credit card bills and still have money in the bank.

WASHINGTON (CNNMoney.com) –

The largest stimulus program in the nation’s history has created or saved at least 650,000 state and local jobs, according to a report released by the Obama administration on Friday.

Based on approximately $150 billion in spending from the $787 billion recovery package, the tally is the first broad, concrete look at the stimulus program’s impact on the economy. The numbers are drawn from tens of thousands of reports from state and local recipients as well as private companies.

The White House said the actual number of jobs created so far is likely closer to 1 million, since its report on stimulus job creation only focused on $150 billion of the $339 billion in American Recovery and Reinvestment Act funds spent so far.

This is where algebra gets fun.  Yes, I said fun because I like math.  Since that is about half spent for job creation/saving then we simply double that amount to get the total jobs expected to be created.  That comes out to 1.3 million jobs.  I thought I remember hearing the Obama administration or economic team saying they would create or save 3 million, then 4 million, then 5 million jobs. OK, never mind that for now.

Back to the math.  Since there are about 15 million people unemployed how much money would the government have to further spend to create 13.8 million more jobs.  This one is actually an easy one, since it is divisible by 10.

Let’s see:

1,300,000 jobs cost $350,000,000,000.00  so multiply that by 10

13,000,000 jobs would cost $3,500,000,000,000.00. (Google says 350 billion times 10 = three trillion five hundred billion

I think we need a new economic team.

Homer’s 18 Dohs