$200K Per Job? Timothy Geithner Says White House Jobs Plan Is Still a Bargain
By BEN FORER
Treasury Secretary Timothy Geithner didn't dispute a Harvard economist's estimate that each job in the White House's jobs plan would cost $200,000, but said the pricetag is the wrong way to measure the bill's worth.
And he also pointed out, in an interview today with ABC News' David Muir, that there is no other option on the table for getting the economy moving and putting more people back to work.
As if the only other option is "doing nothing" (of course, for the first 150 years of our existence we did nothing and it all seemed to turn out ok....):
"If the alternative plan is for Washington to do nothing, that's unacceptable," Geithner said. "If the alternative plan is to sit there and say we're going to cut our way out of this by just cutting spending, that would make the economy weaker. Or we're going to sit here and just complain about regulation. ... That will not do anything to help the average family now still suffering so much from the crisis."
But somehow the government borrowing $200,000 per job (will have to paid back through taxes of the "average U.S. family) WILL HELP the average U.S. family....?
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