Calculator abuse!
Jake Tapper managed to figure out that $160 billion divided by 1 million “created or saved” jobs equals $160,000 per job.
And, whammo!
The White House is so shocked at Jake’s finding, they acuse him of calculator abuse.
As if one needed a calculator to figure that one. Of course, it’s abuse because Jake isn’t buying the White House line.
But wait, the folks at the White House DO need a calculator:
Jared Bernstein, chief economist and senior economic advisor to the vice president, called that “calculator abuse.”He said the cost per job was actually $92,000
See! That makes it all right!
Excuse me know for a moment. I need to go “save or create” some housecleaning and laundry.
Tags: bailout, budget, Fausta's blog, jobs
October 31st, 2009 at 11:02 am
[...] This post was mentioned on Twitter by Fausta, Fausta. Fausta said: Calculator abuse! http://ff.im/-aN9GN [...]
October 31st, 2009 at 9:44 pm
[...] of the Obama Whine House. The Whine House has created a new moan, to wit calculator abuse, via Fausta: Jake Tapper managed to figure out that $160 billion divided by 1 million “created or saved” [...]
October 31st, 2009 at 11:45 pm
How about this Calculator Aberration:
The new health plan will cost $2,000,000,000,000 to cover let’s say 30,000,000 uninsured. How about we give each uninsired person $66,666.66 and the rest of us get to keep our present coverage?
November 2nd, 2009 at 3:37 pm
The part about “saved” jobs is especially hilarious. Just how do they know?
$160,000, btw, is about the standard cost for a hi-tech job, but the administration was probably speaking of blue-collar jobs which are in $40-60,000 investment range.