Thursday, January 09, 2003

White House says stimulus will create 190,000 jobs?

WASHINGTON, Jan. 8 — A White House estimate shows that administration officials are expecting President Bush's tax plan to generate only 190,000 jobs in 2003, a small number when compared to the 1.5 million jobs that have disappeared over the past two years.

So, for $100b in tax cuts or so this year, that comes out to about $500,000 per job.

UPDATE: workerbee adds "Someone should ask the White House how the nation is doing in creating the 300,000 jobs that President Bush said the terrorist insurance bill was going to create..."