Cost of Jobs

I just finished reading an article about the number of jobs, and the amount of money that has been spent from the stimulus bill in non-existent congressional districts. I'm sure it's just an accounting error, but that begs the questions, do we really trust what Recovery.gov really tells us? I tend to think that it might try and overstate the benifits derived. Even with that possible bias, these are the numbers right now from Recovery.gov

Total awards given out $158 Billion (this does not include any tax benefits, but is simply the money given out in grants, loans, and contracts)

Jobs Saved/Created 640,329 (I would love to know the exact mathematical formula for saving jobs, but I digress)

So, if you do the math, that comes out to be......

$246,748 per job. Do YOU think the stimulus is working???