Fausta's Blog

American and Latin American Politics, Society, and Culture

October 31, 2009 By Fausta

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.

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Filed Under: business, economics, economy, WhiteHouse Tagged With: bailout, budget, Fausta's blog, jobs

Comments

  1. VincentMVNY says

    October 31, 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?

  2. Dan @ Israeli Uncensored News says

    November 2, 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.

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