Last year a study at the University of Madrid concluded that Spain's efforts to create "green" jobs had resulted in a cost per job of something over $200,000. And as I recall, that figure didn't take into account the companies that left Spain due to its foolish economic policies.
Now comes word that the Congressional Budget Office has estimated the cost of jobs "saved or created" by the stimulus bill to be at least an average of $228,055 each. I would wager that the actual cost per job "saved or created" is much higher.
What will it take for certain policy makers to grasp that government spending to stimulate the economy is stupid? Is there any amount of empirical evidence that will make them abandon their fantasies? I fear not.
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