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08/31/10(Tue)11:12 No.2158753>>2158703 I hate this logic, and it's so depressing that it's so widespread.
1.
1/3 of the stimulus money has yet to be paid out, and only about 1/4 of
the total stimulus money has actually been spent (slightly over 200
billion)
2. You talk about "cost per job" as if the stimulus
money was buying jobs. It's a widespread net of tax breaks, relief for
states, investments in certain markets, and funding for federal
structures, highways, and other construction projects.
Many jobs
were saved or created (such as the 2.7 million figure that keeps
popping up) but in the grander scheme of things, the stimulus package is
more of a long term investment in emerging markets and R&D. For
example, a lot of stimulus money went into the development of new
technologies for clean energy. As a result, some car company recently
unveiled a new battery for electric cars that gets very good mileage.
Once that goes into widespread circulation, what do you think will
happen? It will increase manufacturing jobs, etc. |