Obama Continues To Brag About His Poor Return On Investments
When he publicly brags about how many jobs his plans to spend our money will create, it makes me wonder if the president knows how to divide one number into another.
It doesn’t take a degree in applied mathematics to expose the absurdity of Pres. Obama’s spending-for-jobs claims – just the ability to do long division…or a calculator.
At a fundraiser last month, the president boasted that, if passed, his $447 billion American Jobs Act will create 1.9 million American jobs.
Sound good? Not if you divide one number in to the other - it works out to a cost of $235,263 per job.
A few weeks later, the president promoted his jobs bill by spinning the numbers a different way. The $447 billion of spending “could” grow the economy by as much as two percent. Problem is, if you divide it out, he’d be spending THREE percent of GDP to do it.
And, let’s not forget Obama’s jobs Stimulus program, the forefather of his latest spending plan. Here, for example, the University of North Carolina is receiving a $762,372 grant for “interactive visualizations” for its ‘Dance.Draw’ project, which the government says has created 2.06.
$762,372 divided by 2.06 yields a cost of $370,083 spent per job. Ouch.
Then, there’s the president’s visit to a vehicle battery plant in Michigan, which he held up in a speech as an example of Stimulus spending creating “green” jobs.
The company got $300 million in grants and created 150 jobs - which works out to about $2 million in federal subsidies per job, if you do the math.
But, maybe, that’s just what the president is counting on when he throws out these numbers promoting his spending schemes: that we can’t (or won’t) do the math.
Now, there's this story on BigGovernment.com about the Energy Department saying it expects its $1.2 billion solar stimulus grant will create only 10-15 full-time jobs.
Will Pres. Obama now decide to go around publicly boasting about these numbers?
Before he does, let's hope someone points out the calculator app on his smartphone.




