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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Tuesday, July 06, 2010

Good jobs at good wages?

It breaks down to $121,250 per job.

Doing the math, General Electric's pledge to create 4,000 jobs to build a backup engine for the F-35 Joint Fight Striker already seems out of whack, no matter how much skill is involved in the tasks.

And then you get to the fact the company acknowledges that ultimately the job total will be a wash when you tally in the positions that will be lost by expiring contracts.

But our congressional delegation apparently isn't doing the math in pushing for the engine that has cost $2.4 billion so far for development and estimates suggest will actually cost another $2.9 billion over the next six years. And you know how accurate those defense spending estimates are.

Barack Obama, Defense Secretary Robert Gates and a host of others are opposed to this boondoggle. And they should. Why build a backup engine? Why not get it right the first time?

Massachusetts Democrats have pushed for this engine in the face of logic and common sense, and GE's own shrinking estimates of new jobs.

But the stance become even dicier when you consider the position of the delegation's lone Republican, Scott Brown, who has also stood foresquare against extending unemployment benefits for the long-term jobless without a source to pay for them.

Here's a rather big pot of money Senator. And the benefits are far less than $121,250 per worker.

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