Can the president directly create jobs by executive order? The answer is a resounding yes. Remember when the Emergency Economic Stabilization Act of 2008, which created the $700 billion Troubled Assets Relief Program (TARP) was passed, one of the purposes was to preserve homeownership and promote jobs and economic growth.
Much of the TARP money has been repaid and the administration refers to the profit on the payments. If one assumes an average cost of one job is $50,000, six million jobs could be immediately created for $300 billion. Twelve million jobs could be created for $600 billion. Because this is already appropriated money, Congressional Republicans could not block it.
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