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2010-06-18 Home Front: Politix

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Posted by Bobby 2010-06-18 06:26|| || Front Page|| [1 views ] Top

#1 the economy is growing again and that companies are hiring workers instead of shedding them

Could be a hard sell with Ohio's official unemployment rate at 10.9% (and actual rate much higher).

Posted by DMFD 2010-06-18 07:06|| 2010-06-18 07:06|| Front Page Top

#2 "...$83,833.33 per job"

1. That really should be $83k per job year.

2. That figure is based on the CBO assumed rate. We don't have any reliable empirical data on this stuff.

Posted by lord garth 2010-06-18 10:33|| 2010-06-18 10:33|| Front Page Top

#3 That really should be $83k per job year.

That assumes the project lasts exactly one year, which it won't. A few months is likely.

Posted by ed 2010-06-18 11:11|| 2010-06-18 11:11|| Front Page Top

#4 OK, it was early in the morning.

The $83k per job is correct, but the salary depends on the time required. Many $25 mil jobs will take a year. Or two. Burned up in six months = $166k per year for six months, so it always comes back to $83k per job, no matter how long it takes.

Here on the DC Beltway, we're trying to spend $10 million. A week. It ain't easy.

But what it really suggests to me will shock you all: the number of jobs is inflated.

Posted by Bobby 2010-06-18 18:44|| 2010-06-18 18:44|| Front Page Top

#5 Note that these are temporary jobs. After the money's all gone - so are the jobs.

And the money to pay for this is coming from taxpayers and businesses - who now won't be able to create permanent, self sustaining, wealth-producing jobs.

Much like eating your seed stock. Sure it may fill you up now but then its gone forever - you can't plant it to produce more.

Posted by CrazyFool 2010-06-18 18:53|| 2010-06-18 18:53|| Front Page Top

#6 I suggest we trade in Zero's limo and give him a bike to ride for his next presidental outing.

Posted by Varmint 2010-06-18 19:49|| 2010-06-18 19:49|| Front Page Top

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