White House attempt to defend Obama's "shovel ready" gaffe betrayed by math

From reporter Amanda Carey in this morning's Daily Caller:

In a press briefing Thursday afternoon, White House Press Secretary Robert Gibbs addressed President Obama’s comment in a recent interview with the New York Times regarding the stimulus and “shovel-ready projects.” In the interview, Obama curiously said that he realized too late that “there’s no such thing as shovel-ready projects.”

“Well, I — look, there are more than 75,000 job-creating projects have been started as a result of the infrastructure investment in the — in the Recovery Act,” said Gibbs.
Let's take Gibbs at his words and assume that 75,000 jobs figure is in no way padded or inflated, though the White House has already established a well-documented record of falsifying jobs numbers.(1)

The "stimulus" bill spent $105.3 billion on "infrastructure improvements."(2) If 75,000 jobs were created that comes out to $1,404,000 in borrowed government spending per job created.

$1.4 million in spending for each temporary infrastructure "stimulus" job.

And that's the best-case scenario, not including the cost of interest on the borrowing or the fact it is all but certain fewer than 75,000 jobs were created.

(1) - The Heritage Foundation, "Morning Bell: The Fake Jobs of Obama’s Failed Stimulus," Nov. 17, 2009
(2) - The American Recovery and Reinvestment Act of 2009


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