Stimulus in Michigan cost $156,171 for each job

StimulusMichigan received $3.7 billion is stimulus money, of which $620 million was to be used to "create and save" jobs, while the remainder will be used by Granholm to backfill the budget deficit that she has created with her overspending so that she doesn't have to make any substantial cuts before she leaves office. When she walks away, she will have lost more than 1,000,000 jobs in a state with a population of only 10 million. A few days ago, Granholm claimed that stimulus money "created or saved" 19,500 jobs (Enron accounting: Stimulus saved or created 19,500 jobs in Michigan). Turns out, the number is an utter fabrication, as I suspected when I wrote that prior post. Fact is, that $620 million "created or saved" 397 jobs.

Let's just do the math. $620 million divided by say 400 jobs = $1,550,000 per job! That is an outright waste of taxpayer dollars. Worse yet, the rest of the $3.7 billion is going to keep Michigan in perpetual deficit that will be even more painful to deal with since we have had an AWOL governor for 6 1/2 years running. From The Detroit Free Press: So far, stimulus contracts aren't big boost for Michigan jobs.