Friday, October 30, 2009

$175,000 per job to create?

In May it says this but the Oct 30 2009 study said it cost double this!!!
White House: $92K to Create Each New Job Under Stimulus

It will cost $92,000 to create each new job under President Obama's $787 billion stimulus planned passed earlier this spring, the White House said today, a figure far greater than the yearly salary of that job.

The report is a forecast for the stimulus plan's main goal: creating and saving jobs.

The report estimates that 1.5 million jobs will be created or saved by the end of this year, another 3.5 million by the end of next year, 1.7 million by the end of 2011 and 300,000 by the end of 2012, when the stimulus money runs out of steam.

The report concludes that, using the stimulus, it will take $92,136 in government money to create a single job-year, or a full-time job for one year.

The report estimates that it would take $116,603 in state fiscal relief and $145,351 to create the same job-year.

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