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6 Bumps

Bernanke: Bond-buying plan could create 700k jobs

More fuzzy math or are they ignorant enough to think that's really a good thing so they can say they created jobs? In the end it just aids in hurting America
$600B / 700K jobs = $857,143 per job. Even if we set the average annual salary for each job at $50K, that would only generate $35B in consumer spending. I just don't see how the math works out.

Answer Question
 
itsmesteph11

Asked by itsmesteph11 at 3:47 PM on Nov. 17, 2010 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (5)
  • If you bump it up to $80k and consider the net present value it would probably get the number a lot higher than $35B but i think that's irrespective.

    Selling bonds isn't a strategy for economic sustainability.
    UpSheRises

    Answer by UpSheRises at 3:57 PM on Nov. 17, 2010

  • I'll take one of those $800,000 jobs, please! :o)
    LoriKeet

    Answer by LoriKeet at 4:44 PM on Nov. 17, 2010

  • It's like our government is set on leaking stupidity constantly. Spend 700B= Good. Leave the same amount in the hands of the people=bad.

    Someone break this down into tiny words for me. How does it work?
    lovinangels

    Answer by lovinangels at 5:16 PM on Nov. 17, 2010

  • Lovin, It Doesn't...
    agentwanda

    Answer by agentwanda at 10:15 PM on Nov. 17, 2010

  • Fuzzy math, yep - is there an alternate reality Bernanke is living in? Fringe, perhaps?
    tasches

    Answer by tasches at 3:21 PM on Nov. 18, 2010

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