Fox News
Expand
Browse All Video
Watch Live

You're watching...

The $200K Per Job 'Bargain' for Taxpayers

Details

  • Description

    A breakdown of Treasury Secretary Timothy Geithner's assessment of Pres. Obama's jobs plan

  • Duration 5:10
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

200000 dollars that is what one Harvard economist says is the price take for each new job created by president Obama's jobs plan.

-- -- you the taxpayer will pay for.

It sounds pretty expensive.

So why -- Treasury Secretary Tim Geithner calling it a bargain.

Fox Business Network senior correspondent Dennis -- -- here and why is sent to treasury.

Geithner saying this is a good deal.

It is an astounding thing to say and it just capitulation by the Obama administration.

I mean does so this Harvard guy -- Harvard let's face that they are allies with Obama and the liberals they say 200000 dollars -- for a fifty billion dollar package.

2.2 million jobs I think map what they'll work out too.

Of course we should add in the 800 billion in stimulus Greta that we spent before that didn't create a single job.

Actually the cost the jobs even if we delivered to maneuver like 750.

-- thousand -- up.

But why is it that these jobs but it will pay only about 50000 per person most likely.

But cost taxpayers -- -- thousand.

Overhead.

Government workers because governments are union employees and what this.

Playing really is that -- back.

For union workers that helped elect Obama.

You did covers -- only 7% of prime workforce unions represent 40% of the government workforce and a big part of federal workers and federal workers are scraping off.

-- the biggest part of that 200000.

And putting -- -- bureaucracy and instead of giving it straight to people.

You know what they ought to do -- to get out debit cards and and and cinema in the mail and get rid of all the administration got.

-- guess and this is -- -- does not for job but I also know one other thing is that He can really play with numbers.

This Harvard economist.

Who -- you know who has done this mathematics -- the with a cup of this number.

Is the battle Obama administration in any way challenging his numbers insane that He is wrong but they'd heard -- they have agreed that his numbers are correct.

You know what what when you can't -- on the numbers you have to win on the interpretation so secretary Geithner sit here we're looking at the wrong way now He says something and AP story that ran noticeably less.

-- already somewhere else.

And -- it astounding common OK I just gotta read this He said quote.

If government does not think it does nothing now because they're scared by politics or they want to debate what's perfect.

Then there'll be fewer Americans back to work the economy will be weaker now I want to submit to you that our big problem here.

Is that the government has been trying to do too much they're doing too much -- if government did nothing.

Ought to right now would be vastly better off and creating jobs and -- remember the other thing about -- we're taking.

450 billion basically out of the private economy because we're gonna have to borrow that money -- -- spending -- but bull what do you issue new bonds hit that takes half of trillion dollars out of the private -- -- could go to fund start ups and instead it's gonna pay for a piece of Paper from the government promised that the pay back with interest.

-- we're taking many of the private Connie.

To get it back to jobs.

Back in the private -- yeah.

I mean there's something.

-- I tell you -- this what I thought was curious is that that the secretary Geithner was on with ABC news and He was talking about the problems in Europe and He said this is in part a quote is that we know high your bottom of the problem there and He said He says He says they -- a lot.

And they spent too much and the government's got very big.

Benefits got very generous and it's going to take -- years and years and years to put in place reforms and need to dig their way out of that.

And I know for some reason I thought that it started because it seemed like He was talking about us.

-- all of this Jeff did and mr.

pot calls lady kettle black I can believe He had the nerve to say that at least theatre say it could -- say -- like -- We -- making this mistake to and we are now trying to fix it.

Or we went through the big -- two years of -- before and now we're trying to state takes happens while we're not gonna go to again I'd like to see a little more confidence out of there.

And a little less all of the -- -- mealy mouth all the wrong way to look at it you know what 200000 dollars for a job that pays 50000.

I saw this but so until a trillion dollars we spent helping -- -- But only like 3040%.

It ends up in the hands of the pour the rest goes to union government workers who are distributing the money.

I think debt cards free debit cards -- answer there get out.

I think it's really served distressing when they come out with such certainty in this is true of -- every administration -- this is the answer and then we find up behind closed doors at such a huge amount of uncertainty in the -- -- examples a story we just did on.

Console -- -- -- they come on I think that's a great idea believe find out last fall that they were worried -- concerned about it.

If I I think that if if they came out and they're just really candid with us in this -- -- than where -- certain where there are uncertain.

But I think that that's what's Bradley -- the American people is announcing people believe them anymore.

I think you make you very opponent how won look at Chris Chris -- -- want him to run for office in New Jersey governor.

The road -- probe found hero and it's mainly because He keeps telling people obnoxious things that they tell one day here it tells the is now the -- -- too much we've got to -- And he's one of the only politicians who will do that may but we're ready for much more blunt -- -- I don't want there to -- a fear -- message.

One that says were up a creek that's a little too much on -- if it's true and I should tell people back but.

-- thanks -- okay thanks a lot.

Load More