Post Hoc Ergo Propter Hoc

Dave Prychitko

We are told now that the stimulus saved one million jobs.

Comments

[Richard Ebeling]

Since the article says that the Obama Administration is claiming that the $787 billion stimulus package has "saved" 1 million jobs, then taking their claim at face value, "saving" each of these jobs has cost current and future taxpayers $787,000.

If that is what they are willing to pay me to keep me in my current job, where to I sign up??

Oh, I forgot, most of that is "overhead" costs to bureaucratically manage the saving of those people's jobs! Aren't these the same social engineers who paid, what, $500 for a toilet seat, a $1,000 for a wrench?

Richard Ebeling

[Mario Rizzo]

I am so sick of "science" for political gain. But I believe I am learning valuable lessons from all of this. I used to think that when Mises and Hayek connected positivism, scientism, etc to statism they were going too far. But now we all see what they saw.

[zach]

you took the words right out of my mouth... no seriously, I wrote the exact same thing in my blog
http://fs.pkheavy.com/2009/09/govt-stimulus-works-says-govt/

[Matt]

The stimulus cured my acne!

[Dave Prychitko]

Oh, with Keynesian multiplier effects, who knows, maybe it will save a total of two million jobs, thereby costing only $393,500 plus interest per worker. That, of course, sounds more cost-effective.

[Justin P]

I saved or created 10 million new jobs by eating a burrito. Prove me otherwise!