Today's Los Angeles Times reported that each job 'created' by the stimulus problem has cost $246,436.
The article reports:
"According to its own shovel-ready recovery numbers, the nearly 11-month-old Democratic administration claims to have created 640,329 good ol' American jobs so far this year by spending $157.8 billion of that stimulus money."
"...Total compensation earned by the average American payroll employee during the month of October was $59,867 on an annualized basis, Pethokoukis reports. That's only 24% of the nearly quarter-million dollars it costs the federal government to create that spot."
The above numbers show why the government is not the proper vehicle for job creation. We need to lower taxes in corporate America and allow the private sector to use their extra money to grow their businesses and create economic growth.
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