Cost Per Job Of The Top Ten Stimulus Projects: $1,181,155 Per Job

Proof • November 20, 2009

Here’s a list of the top ten biggest “stimulus” spending projects by dollar amount and the amount each of those jobs created has cost us.

# Savannah River Nuclear Solutions, LLC (SC) – $1,407,839,884 awarded – $225,872,246 invoiced/received – 800 jobs created – $282,340 per job
# CH2M Hill Plateau Remediation Company (WA) – $1,359,715,229 – $142,167,945 invoiced – 621 jobs – $228,934 per job
# CH2M WG Idaho LLC (ID) – $437,675,000 – $66,401,236 invoiced – 496 jobs – $133,873 per job
# UT-Battelle, LLC (TN) – $338,697,231 – $12,909,144 invoiced – 41 jobs – $314,857 per job
# SAIC-Frederick, Inc. (MD) – $302,521,207 – project not commenced
# Washington River Protection Solutions LLC (WA) – $299,728,838 – 200 jobs – $28,092,695 invoiced – $140,463 per job
# Babcock & Wilcox Technical Services Y-12, LLC (TN) – $270,299,243 – 129 jobs – $18,107,076 invoiced – $140,364 per job
# Brookhaven Science Associates, LLC (NY) – $257,613,800 – 25 jobs – $29,528,879 invoiced – $1,181,155 per job
# Washington Closure Hanford, LLC (WA) – $253,614,000 – 36 jobs – $16,474,802 invoiced – $457,633 per job
# Los Alamos National Security, LLC (NM) – $230,835,000 – 66 jobs – $7,646,242 invoiced – $115,852 per job

But don’t worry. These idiots will totally make your health care more efficient.

Tags: Asshats, Domestic Issues, Politics

http://Array AKA WOOF

This is why a note is pinned to your sweater when they send you to the store.

Another proof of the rights inability to understand numbers.
http://www.fairytalebaby.com/ Jason wilder

Obama is here to make the poor rich, and the rich beg for forgiveness!
sayanything-9974

I would like to see the political contributions made by these recipients. Since Accounting is not an exact science ballpark figures would sufficed.
AKA WOOF

How many years did you spend in remedial math?

Never got one of those “a car leaves Memphis and a plane”
word problems correct, did you?
sayanything-4808

If that amount had been invested in immediate annuities, each annuitant could have received over $5,000 per month for almost the rest of their lives which is an income of over $60,000 a year.

So many people would have given up working thanks to the free and very very nice income, that there would have been a dramatic increase in job openings for those who did not receive an annuity. The spending power immediately dumped into both the investment market and retail sector would have spurred the economy almost immediately.

If we had tied the annuity grants to attending school at their own cost, which $60,000 a year nicely covers with great ease, those same people would have had an education with which to secure employment later when the annuity period expired. Had we aimed these at those who are at the poor end of the scale, we could have moved many into the middle class immediately.

If we had allowed them to pay via repayment of federal student loans, we would have been able to charge interest and make more back than we allotted them.

Clearly, foresight is not a forte of the political class.
bikebubba

Woof is correct; it’s not $1,181, 155 per job at all. As I count things, about $5.1 billion has been allocated to create about 2400 jobs, or about two million dollars per job, not one million dollars per job.

Given that the private sector tends to create work at about 1/20 the cost, one could argue that these ten projects put about 50,000 people out of work. Don’t ever forget that a dollar spent by the government is a government not used by the private sector.

And even if it were “only” $200,000 per job created, you’ve still put 5000 or so people out of work with reckless spending. Scary stuff.

And it gets better; all of the jobs created are in areas that would not have work unless the government got involved. In other words, when the spend-u-more program is over, these 2400 people face……

….unemployment.
susan_rosgen_is_cool

Just to clarify the headline, it costs $1.1 million per job Brookhaven Science Associates, LLC, one of the top ten stimulation sites, and the others are mostly at $200,000 or $300,000 (according to the Administration’s numbers, anyway).
sayanything-7743

On the positive side, at least the companies that made all those bogus “Project Funded by…. Reinvestment Act” signs you see made a couple of bucks.

SayAnythingBlog.com

Cost Per Job Of The Top Ten Stimulus Projects: $1,181,155 Per Job

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