Monday, November 2, 2009
Keynesians Live!
640,000 jobs were created with stimulus spending of $164B as of September 30, 2009. That's $256,250 per job. That kind of cash could have supported a family of four for two years had we just gifted them the money. The jobs that were created didn't pay nearly as much as the money spent to create them. I used to think all Keynesians were dead until Geithner came rolling up.
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