Just the latest horrifying example of how Democratic leaders in Washington are spending taxpayer money.

According to the Obama Administration, the $787 billion “stimulus” legislation — passed by Harry Reid and Nancy Pelosi and signed into law by Barack Obama — has utilized $157.8 billion in taxpayer funds to create 640,329 jobs.

(The number of jobs created it easily debated downward, but for the purpose of this posting we’ll assume the Obama Administration isn’t lying its butt off to cover for its disastrous policies.)

What does that mean Washington spent creating each job? $246,436. Or almost a quarter-million dollars. Per job.

Let’s put that into perspective, shall we?

Total compensation earned by the average American payroll employee during the month of October was $59,867 on an annualized basis, Pethokoukis reports. That’s only 24% of the nearly quarter-million dollars it costs the federal government to create that spot.

Had Obama and Biden simply handed out to unemployed individuals $60,000 as a year’s salary, they could have paid for 2.6 million jobs — four times as many jobs that have been created. That’s the kind of disastrous return on investment that could cost a banker his bonus.

We could’ve simply handed out the average salary and created four times as many “jobs” as the administration has claimed.

Of course, just handing out money isn’t the solution to the economic crisis for any number of reasons. But it demonstrates just how bad of an investment the Obama Administration has made with our hard-earned money.

Via HAH.