June 08, 2009

Cheap at twice the price!

The Unicorn Prince - sprinkling a little Spendulus magic...

President Barack Obama is promising to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, repackaging a pledge the administration made weeks earlier as the economy continues to lose hundreds of thousands of jobs each month.

Well, running the numbers that comes out to approximately $1.3M per job.

Yep - that's wise use of Other Peoples' Money, there.
Obama's promise to create large numbers of jobs - a vow that Vice President Joe Biden made last month - quickly drew criticism from oponents and economists who have argued his stimulus plan thus far hasn't delivered.

"I think these estimates are overly optimistic," said Arpitha Bykere, a senior analyst with RGE Monitor.

Bykere said it likely will be later this year before any meaningful job creation occurs from stimulus spending.

How dare they question The Unicorn Prince!  Off the the re-education camps with them!  Poste Haste!!

Posted by: DocJ at 10:15 AM | No Comments | Add Comment
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