By Holland example it'll cost $5 trillion to restore 8 million jobs

...President Barack Obama and Gov. Jennifer Granholm came to Holland bearing gifts: cash subsidies for an electric car battery plant owned by the Korean firm LG Chem. The federal contribution is $151 million in "stimulus" money, and Michigan taxpayers are kicking in another $100 million in cash (plus more later). Of course the real gift-givers are taxpayers, who are all but buying the plant for the company, given that its construction is expected to cost between $244 million and $303 million.

Both President Obama and Gov. Granholm boasted at the event that the plant is a sign of "economic recovery." Yet each of the approximately 400 jobs the operation is expected to generate will cost taxpayers $625,000. At this rate, it would cost $5 trillion to provide employment to the approximately 8 million Americans who have lost their jobs in the current downturn. That amount represents almost one-third of the nation's annual gross domestic product.

(The state subsidy alone amounts to $250,000 per job. At this rate, buying back all of the nearly 600,000 jobs lost here since 2003 would cost Michigan taxpayers $150 billion, or almost half the state's total output for a year.)