Thursday, June 07, 2012

Has Scott Walker created more jobs than everyone thinks?

Walker supporters celebrate on June 5th
A recent story in the Huffington Post gives a breakdown of campaign spending in the Scott Walker recall election in Wisconsin. It says more than "$63.5 million has been spent by candidates and independent groups, the overwhelming majority underwritten by out-of-state sources".

Now there is a big argument in Wisconsin over how many jobs Mr Walker has created.While this argument is bound to continue. Lets not forget that politics itself is an industry--one that is growing rapidly now that the Citizen's United decision allows unlimited finance to flow into it.

Impishly, then, if each private sector job costs about $120,000-150,000 could this cash infusion to the Wisconsin economy have created as many as 500 jobs?

Updated: More about the sources of funding for Mr Walker's campaign.