Bush's 300,000 Phony Construction Jobs
Daniel Gross: But even if we assume the entire amount is in new construction (and it surely is not), $15.5 billion doesn't add up to anything close to 300,000 jobs. According to the Bureau of Labor Statistics, the 6.552 million people working in construction in September had average weekly earnings of $738.66. Wages for 300,000 of them for a year would add up to $11.5 billion dollars. But wages are just a fraction of the overall cost of development.
Look at the tax cut. Simple math is not this administration's strong point.