Shelby County garnered $478 million as a result of the federal government’s foolish attempt to tax and spend their way out of the recession. The result of the government’s largess (at taxpayer expense) has been 346 jobs saved or created.

That’s right, the American Recovery and Reinvestment Act (ARRA) monies distributed in Shelby County have saved or created 346 jobs at a cost of about $1,381,503 each.

Call me silly, but I’d prefer you just give me the million and I’ll live off the interest and leave the rest to my kids. You can keep your job.

Statewide, Tennessee is expected to get almost $6b, which is projected to save or create 10,300 jobs. A little simple math tells us that each job only costs the American taxpayer $582,524. Again, I’m thinking that would make a very nice nest egg to carry me through the recession until the free market starts generating real jobs.

What’s that? The free market can’t create jobs under the crushing burden of trillions of dollars of additional national debt? And how is the government tax-and-giveaway supposed to help that? It isn’t? Isn’t anyone thinking ahead?

Oh yeah. Just to the next election cycle.

Time for term limits. And Fair Tax.

Technorati Tags: ARRA, Stimulous and Other Failures, Free Market, Fair Tax, Rising Unemployment, Destroying the American Economy, Barack Hussein Obama the Dangerous Choice