Words To Live By

Written by David Frum on Wednesday January 28, 2009

Rahm Emanuel today: "The most important number here for this recovery plan is how many jobs it produces, not how many votes it gets." OK - Mr. Emanuel, you're on. How many jobs did you just buy for the $819 billion? Let's suppose that the money could produce a new job to replace every single one of the 2.6 million jobs lost in calendar 2008. That would bring the cost per job to ... $315,000. It might be cheaper to buy every unemployed person in the United States a Vanguard lifetime annuity.
Category: News