Acceptable Return On Investment?

Yesterday Just the News reported that the jobs plan that is proposed by President Biden could cost taxpayers more than $666,666 per job created. The cost of the proposal is $2 trillion. Seems like a lot of money to pay for the creation of one job. The obvious question here is ‘how much does each job pay and where is the rest of the money going?’.

The article reports:

House Speaker Nancy Pelosi has said that House Democrats hope to draft the formal legislation for the American Jobs Plan by May and finalize it by July 4. The White House fact sheet about the plan includes a description of key parts of the proposal but does not list the specific infrastructure projects the bill would fund. 

Democrats are considering using budget reconciliation to move the bill through Congress to avoid the filibuster in the Senate. Democrats used that strategy for the $1.9 trillion American Rescue Plan that Biden signed last month.

If you are not yet familiar with the Cloward-Piven strategy, now would be a really good time to look it up.

The article concludes by reminding us of some past history:

Biden oversaw the implementation of the American Recovery and Reinvestment Act in 2009. The Obama administration estimated that the bill would “create or save” 3.5 million jobs by the end of 2009. Politifact rated former President Obama’s claim in May 2009 that the bill “saved or created” 150,000 jobs as “mostly false.”

At the time, Republicans as well as some political and economic analysts argued that it was difficult to measure how many jobs a piece of legislation could “save.” In the end, the Congressional Budget Office estimated in November 2010 that the number of saved or created jobs fell somewhere between 1.4 million and 3.6 million.

Déjà vu all over again.