The Obama administration’s goal of creating 3 million new jobs by January 2011 will run smack into “the natural demographic flow, which will add 3.2 million people to the workforce” in the same time period, O’Neill said. In effect, “we are going to spend $750 billion, the number of unemployed will rise and the (unemployment) rate will go down slightly.”
Shoveling to Prosperity
O’Neill did the math so you don’t have to. Each job “will cost $250,000, which doesn’t suggest much labor intensity for the dollars spent,” he said. “It makes me wonder if any of the planners or commentators are good at arithmetic.”
They’re not good at arithmetic. And one wonders about their facility with economics.
If putting people to work is the goal, we could get rid of all the heavy earth-moving equipment and go back to digging ditches with shovels.
Why stop there? If it takes one man two days to dig a trench three feet deep and 30 feet long with a shovel, how long would it take 100 men using spoons?
- IF IT'S OBVIOUSLY A RIDICULOUS WASTE, THEN WHY WOULD SMARTY-PANTS OBAMA AND HIS SMARTY-PANTS IVY LEAGUE CABINET SUPPORT IT!?
- COULD IT BE BECAUSE IT WOULD BE A LIBERAL BOONDOGGLE AND NOTHING MORE THAT A HUGE BENEFITS PROGRAM FOR THE CHICAGO MACHINE, THE DEMOCRAT PARTY, AND THE SEIU AND AFSCME!?