Each Job Will Cost $235,263

On Thursday, September 15, 2011, President Barack Obama attended two fundraiser events held at private homes in Washington D.C. At one (or perhaps both) of the fundraisers he touted his $447 billion American Jobs Act he has proposed that is supposed to create 1.9 million American jobs. $447 billion divided by 1.9 million equals $235,263 per job. “It’s estimated that the American Jobs Act would add two percentage points to the GDP, and add as many as 1.9 million jobs, and bring the unemployment rate down by a full percentage point,” Obama said.

President Barack Obama attended two $35,800-per-couple fundraisers last Thursday. At both fundraisers he assured donors that he will push Congress to pass his economic stimulus initiative and his jobs plan. He also expressed confidence in his ability to win a second term. “The odds of me being re-elected are much higher than the odds of me being elected in the first place,” he said. The 2012 election will offer “as clear a contrast as we’ve ever seen.” He continued, “That contest will help shape America not just for the next five years, but for decades to come.”

Obama made his first fundraiser stop at a penthouse in the Foggy Bottom section of Washington D.C. and spoke to about 30 donors. It was hosted by Frank White Jr., Sylvia Davis, and the African American Leadership Council. He then spoke to about 50 donors at the Georgetown home of former ambassador to Portugal Elizabeth Frawley Bagley.