The latest democrat jewel.

[Ishmael]

If we accept the statement by the administration that the stimulus package 'saved' 3 million jobs (God knows that none were actually created), then we are forced to face the fact that each one of those jobs cost the taxpayer a mere $266,000.

Ishmael

 

[jeninflorida]

obama sold his soul to china, does that make him a high priced hooker?

will there be a happy ending?

850 billion but who's counting...seems it cost more than advertised, who'd a thunk it?

So that's another $550B over two years, and by Krugman's own math, that buys us another 1% of unemployment reduction. (There's another problem that that math isn't actually what happens, but let's not go there for now.) 8.9% unemployment would be so worth another half a trillion in debt, right?

Like I said, if you want to keep your head in the sand, go for it. Krugman's an unprincipled, partisan hack, and people who look at his Nobel prize for research in international trade as justification for thinking his fiscal policy ideas are inspired get what they deserve.

 

[firespin]

If we accept the statement by the administration that the stimulus package 'saved' 3 million jobs (God knows that none were actually created), then we are forced to face the fact that each one of those jobs cost the taxpayer a mere $266,000.

Ishmael

You're exaggerating again.

Even the estimable and, apparently, unassailable, Nobel-prize-winning Paul Krugman says $300B in spending would result in 1% more jobs, call it 1.5M. (Seriously, you can't make up stuff like that.)

So it's only $200,000 per job.

Sort of an expensive way to buy votes, huh.

Better to do it with somebody else's money.

 

[Ishmael]

You're exaggerating again.

Even the estimable and, apparently, unassailable, Nobel-prize-winning Paul Krugman says $300B in spending would result in 1% more jobs, call it 1.5M. (Seriously, you can't make up stuff like that.)

So it's only $200,000 per job.

Sort of an expensive way to buy votes, huh.

Better to do it with somebody else's money.

Go back and re-read. The admin is NOT claiming that any jobs were created. They are claiming the the $800 billion saved 3 million jobs. I think my math is ok.

Ishmael

 

[Frisco_Slug_Esq]

I feel they are under-reporting and we'll see the numbers corrected upwards by the end of the summer...

 

[jeninflorida]

Go back and re-read. The admin is NOT claiming that any jobs were created. They are claiming the the $800 billion saved 3 million jobs. I think my math is ok.

Ishmael

also, one can't forget how many trolls obama has hired into the government!
to be fair, since 911 a lot of government depts have trippled in size...

 

[Byron In Exile]

*sigh* It's sorta sad when one realizes that everyone knows agout the gay marriage ruling in California, a ruling that in the end will have little effect on the lives of the citizens taken in isolation, but these same people haven't a clue about proposed tax policy that effects everyone.

What the democrats are floating is in regard to the Bush tax cuts. Many democrats want them to expire while some others want to extend them until the economy recovers. There is also an alternate plan whereby the cuts will be extended for all but the top income earners.

The plan that is being floated that I'm speaking of is a plan whereby the tax cuts will be extended for all but the top earners EXCEPT that that income category will be indexed to the cost of living in the state in which the individual is filing their tax return. This is in effect a 'Red State' tax in that with the exception of Alaska all of the high cost of living states happen to be blue states.

The net effect will be to encourage the low-tax Red States to raise taxes in order to make the cost of living higher and thus lower their Federal taxes.

 

[kbate]

The net effect will be to encourage the low-tax Red States to raise taxes in order to make the cost of living higher and thus lower their Federal taxes.

Raising taxes (thus costs) across the board would only set to raise the "0" marker for where cost of living breaks come into play and to remove some the lower tax blue states from the adjustment.