Mish – of Mish’s Global Economic Trend Analysis – had a different breakdown of the stimulus plan, take a look:

Math To Date

Funds paid out so far = $83.8 billion + $52.1 billion + $71.4 billion = $207.3 billion
$207,300,000,000 / 640,329 = $323,739.83 per job created

Plan Goals Math

Now let’s assume this stimulus package will eventually create (or save) 3.5 million jobs and all the money (but no more) will be spent.

Here’s the math again.

$787,000,000,000 / 3,500,000 = $224,857.14 per job created

I wonder how Jared Bernstein, chief economist and senior economic advisor to the vice president, feels about these numbers?  If the estimate of $160K/job was “calculator abuse” yesterday what does $224K (or $323K) constitute in his book?

Remember that there is no accurate way to validate the governments claims of “saved or created”. Furthermore the claim roughly 400,000 education and construction jobs, with an average salary of $92K, is flat out unbelievable.

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