Excerpt form the item below, titled:
'Rejoice, 'Tax Dollars at Work' Actually Worked—This Time', by Aaron Robinson:
But now that the shoving and shouting are over, the industry bailout seems like an incredible bargain, even if you only accept the smallest numbers, or 84,000 direct GM jobs saved at the net cost of $10.5 billion. Consider the members of Congress who lined up last December behind a defense-spending bill specifically prohibiting the U.S. Air Force from cutting the aging A-10 ground-attack plane. The Air Force would like to ax it and shift the expected $3.7 billion savings to the new F-35, supposedly a more flexible, do-it-all weapon. While strategists argue the pros and cons of the switch, the senators and reps are really eyeing the estimated 6000 jobs on the line, mostly at local Air National Guard bases where the A-10 serves. That’s about $617,000 per job, compared with $125,000 we spent for each direct GM-payroll job spared. Or $44,000 per auto-industry job if you accept the next most conservative unemployment number of 238,000. Or $8750 per job if you buy 1.2 million jobs being saved, and so on.
http://www.caranddriver.com/columns/aaron-robinson-rejoice-tax-dollars-at-work-actually-worked-column
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