Friday, October 16, 2009

$9 million per job?

No, you say. You're joking. (Follow this link.) I DON"T THINK SO:
WASHINGTON -- The stimulus isn't doing a thing to help the unemployment rate in the New York metro area, according to shocking new White House data released yesterday.

The feds have spent a half-billion dollars on 10 of the largest government stimulus contracts in New York City and Long Island -- but created or retained only 54 jobs.

That's an astounding $9 million per job.

The largest contract, at Brookhaven labs on Long Island for $261 million, has put only 26 people on the payroll, while two contracts for $23 million apiece to rehab the Thurgood Marshall Courthouse in Manhattan hasn't created a single job, according to new data.

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