A $4B innovation tax on products of medical device manufacturers and pharmaceutical research companies is pending in the Senate.

http://cs.schwab.com/clicker/c.....aaaspf3-jg

If that bill is enacted as part of Obamacare, private research will dry up. So it’s lucky for us that Nerobama has a government spending plan to fill the void.

Memo to self: buy new hearing aid and eyeglasses before innovation tax takes effect. My next set may be the last ones that I can afford.

Yeah, lots of new “this and that”, which Obamacare will decline to pay for.

Makes lots of sense to me.

That’s just the paper shufflers, tax enforcers and death panels!!!!!

Well let’s have some fun with math. Recent data is showing that the average government job costs the taxpayers $119K per year, according to Jacoby. (of course, that’s just compensation and doesn’t count management overhead, office costs, travel, and other costs of doing business. In other words, it’s a HIGHLY CONSERVATIVE estimate of the annual cost of a government worker)

The UK has about 1.3 million death panelists and paper shufflers. So we should have about 6.5 million, assuming we are as “efficient” as them, since our population is more than 5 times their pop of 60 million people.

6.5M times 119K p.a. = 775 billion per year…………..to oversee the medical professionals and decide which old people and conservatives should be killed this month.

But I can’t see a problem with that paltry sum. Sure, that is over and above the various estimates of 900 billion to 2 trillion per year for Death Care, but it’s for a good cause, right? And besides, the country has 30 million unemployed people who sure can use jobs on death panels. I’m for rushing right down to the drainage ditches right now to begin training them!!

DOH!!!!

The medical profession isn’t stupid diverse enough today.

Bertha and Obamy want to transform it.

It’s just a slush fund for liberals.

Just keep it up monkey boy. Keep it up.

Obama is a freak.

–Prostate exams done by plumbers.
–Breast reconstruction surgeries done by carpenters.
–XRays read by electricians.

But that assumes that it would actually be given to legitimate researchers.

And what are the odds of that happening?

In reality, this will be another $5 billion in political payoffs to Obamy’s crime partners.

One other thing, it’s possible to predict how many jobs $5 billion will create. Of course, the calculation I will show will be PERMANENT jobs, not the 3 week jobs that moronistration likes to brag about.

To figure out permanent jobs, you have to know what the job “costs” and what the expected ROI (return on investment) for $5B is.

Since the jobs are for research, $100K per year is probably a decent guess (since that would include about $30K in costs for SS matching, health benefits, 401K matching, FUTA, SUTA, plus administrtive overhead to sustain each job).

The ROI is more challenging. Corporate ROI’s on average are 8 to 9%. Currently interest rates are 1 to 2%. But for grins, let’s use the bigger number because that yields a much bigger number of jobs.

$5B * .085 / 100K = 4,250.

So, a VERY OPTIMISTIC analysis says that the top end of the SUSTAINABLE jobs that could be created by this money is 42.5% of the “tens of thousands” of jobs the moronistration claims. (if you use an ROI of 6% which is close to historical norm for T-Bill rates, the number of permanent jobs would be 3,000.

If Obamy says something……you know it’s a lie.