Wednesday, October 21, 2009

Stimulus Saved 1M Jobs

Nancy Pelosi, that renowned economist, setup the econometric model, isolated the key variables, get her R-squared to a point she liked it, and has decreed that the stimulus has saved 1M jobs. At a price tag of $787B that's only $787K per employee in just 9 months. Not a bad way to make a living if your one of the lucky million! I'm not sure how much has been spent. At this rate a check is bound to show up in my mailbox at some point. There are about 140M employed people to begin with (and shrinking). Maybe they can claim we all have a saved job thanks to their effort at some point. Thank you for my job dear leader!

According to one district, $34M from the Federales didn't create any jobs. But what do the local yokels know about how much they did or didn't spend? They can't count past 12, right?

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