$200K Per Job? Timothy Geithner Says White House Jobs Plan Is Still a Bargain

ABC News ^ | 09/27/2011

[cookcounty]

"What kind of insanity is it when you pay $200,000 dollars to create one job that pays $50,000 dollars, and the job will probably run out in a year."

Oh, it's worse than that. Most of these jobs are less than a year, often far less. A highway bridge may take a year to build, but that does NOT mean that the construction people get a year of work. The riggers and crane operators may work for 4 months, the guys who paint the bridge may work 4 weeks, the landscapers may work less than that.

Even the numbers they give are inflated.

[DeaconRed]

"Maybe we'll get a Nobel prize for our bold and innovative solution."

I think you are 100% correct.
I am also sure that is how DC makes cuts.
Our plan would count as a $20K savings. . . . . . . . . .
We get $180K for a job & we will split the $1M Nobel prize money.
And to think I woke up worried about money. . . . . .

[mo]

Timmy needs to crack a history book-and preferably one NOT vetted by Harvard.....

Warren Harding figured it out in 1920...

Congress and the Executive Branch have lots to do.

So far they’re not doin’ it right..

Harding cut the government’s budget nearly in half between 1920 and 1922. The rest of Harding’s approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserve’s activity, moreover, was hardly noticeable. As one economic historian puts it, “Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction.” 2 By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.

http://www.firstprinciplesjournal.com/articles.aspx?article=1319&loc=r

BTW..ole Warren ALSO fixed immigration...

Mr. Harding signed into law the Emergency Quota Act[3] which sought to control immigration following World War I and preserve the distinctive American culture by ensuring the majority of immigrants came from the historically compatible cultures of Northern Europe. This law aimed to bring wages of hard working Americans under control by limiting immigration to 3% of the 1910 census. It was followed on by a similar act in 1924, after Mr. Harding’s death.[4]

A Warren Harding prescription...if filled ...would ignite the afterburners on the US job machine and the economy. However DC would have to yield on a tremendous amount of power. Our job as We the People...is to persuade them of the “utility” ..shall we say..of doing so. In all probability the same minds that made the mess...aren’t capable of the solution however.

BTW any takers that ‘Bammy couldn’t even tell you that Warren Harding was one of his predecessors in office?

Even more telling about what our betters in the RinoCracy think of a Constitutional President..

http://www.usnews.com/listings/worst-presidents/warren-harding

[ken in texas]

Glad to have you as a partner... but don't set your sights too low.
Now we tackle a $500,000,000 issue, offer to handle it for $200,000,000 and we save $300 Billion.

With creative people like us this country is bound to prosper. /smile

[ken in texas]

oops... I hate typos. Dropped some zeroes in those numbers. /aggravated