Thursday, January 22, 2009

By the Numbers

From Larry Kudlow at the Corner:

Of $355 billion in infrastructure and other cash outlays [Of the $850B stimulous], only $136 billion would be spent by October 2010. And out of the roughly $100 billion in infrastructure spending, only $26 billion would be spent in fiscal 2009. So much for a quick and immediate jolt to the economy. Oh, by the way, even if the entire stimulus package were put into play, various people have calculated that the estimated 3.5 million new jobs would cost $225,000 per job.

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