Words of Advice:

"Never Feel Sorry For Anyone Who Owns an Airplane."-- Tina Marie

If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground
Who is Incapable of Understanding or Doing Anything About It.
" -- Unknown

"There seems to be almost no problem that Congress cannot, by diligent efforts and careful legislative drafting, make ten times worse." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Wednesday, February 24, 2010

Better Than a Poke In the Eye With a Sharp Stick

But only just.
The Senate today easily approved a $15 billion Democratic plan to try to spur job creation, as lawmakers hastened to demonstrate that they were taking steps to improve the nation’s employment picture.

The vote was 70 to 28. Thirteen Republicans joined 55 Democrats and two independents voting in favor.
Unemployment is in the 10%. As of January, 2010, there were 20 million people unemployed. This job creation bill seeks to remedy that by spending an average of $750 per person unemployed. Contrast that, if you wish, by the tax breaks that states give to new factories for foreign auto companies, one town offered over $400,000,000 in tax breaks for a Kia plant that might directly create 2,500 jobs.

If you apply the Kia math, the Senate jobs bill will create maybe 94,000 jobs. That's better than nothing, but it is putting back to work less than one-half percent of those who are unemployed.

Second, note that at least eight Republicans, who voted to block this bill, ultimately voted for it. That took real political courage to come out and vote for a bill that they tried to kill procedurally, of the "Brave Sir Robin" variety [sarcasm OFF].


dbliss said...

I'm not following your math here. $50k for 2.5k jobs is $200/job. At $200/job, $15b would be 75m jobs.

Comrade E.B. Misfit said...

Yeah, I really fucked up the math.