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| Home Front: Politix |
| O Touts Stimulus, Jobs, Bike Paths |
| 2010-06-18 |
| The president has made a practice of quick trips out of Washington to explain that the economy is growing again and that companies are hiring workers instead of shedding them in mass numbers, as they were when he took office. Each stop is meant to show he is working to help struggling people. Mostly His voters, the unemployable and illegals. Friday's visit will be to the Nationwide Children's Hospital in Columbus, Ohio, where a $25 million project will add turn lanes, bike lanes, and widen sidewalks. It is expected to create 300 jobs. $83,833.33 per job, including material, equipment, and overhead, unless profit is permitted. So the salary can't be more than $35-40k per job, on average. The oil spill disaster in the Gulf of Mexico is consuming Obama's time. He calls it his singular focus, even as he has described economic recovery his top task, too. |
| Posted by:Bobby |
| #6 I suggest we trade in Zero's limo and give him a bike to ride for his next presidental outing. |
| Posted by: Varmint 2010-06-18 19:49 |
| #5 Note that these are temporary jobs. After the money's all gone - so are the jobs. And the money to pay for this is coming from taxpayers and businesses - who now won't be able to create permanent, self sustaining, wealth-producing jobs. Much like eating your seed stock. Sure it may fill you up now but then its gone forever - you can't plant it to produce more. |
| Posted by: CrazyFool 2010-06-18 18:53 |
| #4 OK, it was early in the morning. The $83k per job is correct, but the salary depends on the time required. Many $25 mil jobs will take a year. Or two. Burned up in six months = $166k per year for six months, so it always comes back to $83k per job, no matter how long it takes. Here on the DC Beltway, we're trying to spend $10 million. A week. It ain't easy. But what it really suggests to me will shock you all: the number of jobs is inflated. |
| Posted by: Bobby 2010-06-18 18:44 |
| #3 That really should be $83k per job year. That assumes the project lasts exactly one year, which it won't. A few months is likely. |
| Posted by: ed 2010-06-18 11:11 |
| #2 "...$83,833.33 per job" 1. That really should be $83k per job year. 2. That figure is based on the CBO assumed rate. We don't have any reliable empirical data on this stuff. |
| Posted by: lord garth 2010-06-18 10:33 |
| #1 the economy is growing again and that companies are hiring workers instead of shedding them Could be a hard sell with Ohio's official unemployment rate at 10.9% (and actual rate much higher). |
| Posted by: DMFD 2010-06-18 07:06 |