Wednesday, December 09, 2009

DeLong's Stimulus Accounting: A Deconstruction - Robert P. Murphy - Mises Institute

DeLong's Stimulus Accounting: A Deconstruction - Robert P. Murphy - Mises Institute: "Jared Bernstein, chief economist and senior economic advisor to the vice president, ... said the cost per job was actually $92,000 — but acknowledged that estimate is for the whole stimulus package as of the end of 2010."

$92,000 per job!!! No wonder unemployment is so high! And that number is only what they hope -- it is probably much better.

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