I’ve been critical of the success of this year’s “recovery” legislation in several previous posts, so imagine my surprise when I found out that my local area was blessed by the federal government with actual job creation. That’s right, according to the official site tracking the money spent by the economic recovery legislation passed earlier this year, Recovery.gov, there has been a whopping total of one job created in my area. The details can be found here.
According to the government’s official site, the total number of jobs created or “saved” by the recovery plan has been 30,383. But before getting too excited, consider the fact that the number of jobs “saved” is nearly impossible to quantify and then compare the reported 30,383 jobs figure to the following bit of information from CBS News:
Employers have eliminated a net total of 7.2 million jobs since the recession began in December 2007, sending the unemployment rate to a 26-year high of 9.8 percent.
By the way, did I mention that the government-funded project that created one job in my area was made possible for the low price of $110,288? In sum, basic math leads one to believe that the jobs created or saved under the recovery plan cost the government quite a bit of money (money it doesn’t have), depending on which source you look at. That’s government efficiency for you. However, the White House disputes this math.
* Update (12-29-09): The link to the details on the job created in my area is no longer active. A search of the recovery Web site, however, will still display that grant.