Clinton Factoid

I was listening to Bill Clinton today and yesterday being interviewed by Wolf Blitzer on CNN. One of the factoids that stuck with me is this.

paraphrased: "America's worldwide corporations have 2 trillion dollars set aside not being invested right now because they are scared because of the world economic situation. However, every One billion dollars invested creates 7,000 jobs." After I did the math realizing that one trillion is the same as 1,000 billion dollars I realized that there are 2,000 billion dollars sitting there not invested right now. So 2,000 times 1 billion equals 2 trillion dollars, so 2,000 times 7000 jobs equals 14,000,000 or 14 million jobs that would or could be created if this money was properly invested. Since the U.S. is presently about 8 million jobs shy of full employment even 1 trillion of those dollars properly invested would equal 7,000,000 or 7 million jobs and bring us back down under 4 or 5% unemployment which is about as close as we ever come to full employment as a nation anyway here in the U.S.