Boehner Quantifies Stimulus Price Tag

by Sal on January 19, 2009

in Economy,Politics

John Boehner has been pushing the fact that if you take the current price tag of the Economic Stimulus Package ($825 billion) and divide that by the number of jobs that he says the plan will create (3 million new jobs), you end up with a price tag of $250,000 per job. Obama advisor David Axelrod was pushed on this on ABC’s Face the Nation this weekend, and had very little to say:

We’re not just spending money to create jobs, we’re investing money to strengthen this economy. We’re investing in areas like energy independence. We’re investing in creating the classrooms of the 21st Century for our kids to give us the kind of education system we need.

We’re investing in computerizing the health care records of this country so that we can reduce costs and improve care. These things will pay long-term dividends to this country. And we’ve been very careful about that.

We’re not being frivolous. We’re being thoughtful about how we make these investments.

Right.  It sounds to me like they don’t really know what they are doing, and that’s at the current stimulus price tag.  Some expect the stimulus to grow to around $1.3 trillion (or $433,333.33 per job).  I would think that we would be able to create jobs more efficiently, but then again we are talking about a liberal policy idea.

H/TCampaign Spot

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