450,000,000,000 to create 1,000,000
Really.
How clever.
I am told I should not equate dollars with jobs in a FReepmail. The argument goes to the multiplier effect on ‘infrastructure.’
These are the words from that FReepmail: “What’s not clever... your math. You’re trying to equate dollars and jobs. I guess you think those workers would not pay taxes? I guess you think those jobs would not add value to our infrastructure, our small businesses, and our education system via hiring more teachers? In other words... a dollar does not equate to a job. Does that make sense?”
The current buzzwords of employment routinely use ‘lean, belting, agile’ and ‘added value.’ People who work for corporations have to justify their existence by what they produce. There is no way that future value of borrowed moneys spent today will guarantee results. We are witness to the human resources version of options trading and derivatives.
It does not take $400,000 to ‘create’ 1 job. That was my point, which is actually 2 points: a) added work implies finding a need and filling it, based on demand. b) value of work is not measured by anything remotely resembling command economics. This is exhibited almost perfectly by increasing teachers’ salaries based on years + degree + longevity bonus, especially considering that teachers’ salaries are paid by the largesse of taxpayers or the will of parents. The artifice in public salaries is an absurdity, as is the concept of unionized public employees.
$450,0000 / job.
Well at that rate, spend $10 trillion and get 0% unemployment, right?
Wrong, of course.
Obama increased the public debt by 50% in 3 years. More debt added faster than at any time in our history. Jobs added? Nope.
Now we have poor job growth AND a growing debt that threatens our future.
It is absolutely absurd that, right after we get a ratings downgrade, he responds with a plan to double-down on deficit spending. Actually more than absurd. Disgraceful.
Creating a job should add to the economy not cost the treasury.
How did that Solar company work ,Obama? $500Million and NO jobs.
Another $8Trillion and voila! full employment.
Who are these so-called economists?