The president has been going around bragging about his stimulus bill again. The non-partisan Congressional Budget Office recently announced that the stimulus supposedly saved or created anywhere from 1 million to 2.1 million jobs. Of course, that's an enormous range of difference...and unemployment has skyrocketed since the stimulus passed...and the CBO was the same collection of bean counters who claimed the health care reform bill would somehow save money.
But let's say they're right. Let's pretend the stimulus has created, say, 1.5 million jobs. Roughly one-third of the stimulus money has been spent so far. That means we spent $1,746,000 per job! The median household income in America is only $46,000 per year!
It's difficult to think of ways Obama could have wasted that money more inefficiently. Rather than passing a stimulus bill, why didn't Obama just give every American citizen (around 300 million) $100,000? He could have instantly stimulated the economy and done it for half the price.
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