You could have quoted this part of your link for a little perspective:

"The law strips the middleman role in student lending away from banks. It's expected to save at least $60 billion in fees that went to banks to process government-backed student loans.

That's $24 million per job. Now pretend for a moment that Obama had just done the opposite and hired Sallie Mae to oversee the Federal Loan Program, hiring 2,500 at a cost of just $60 billion tax payer dollars. You'd freak, and rightly so.

Obama will just hire 50,000 new Federal employees to replace the 2,500 lost private sector jobs.

2,500 lost private sector jobs that were paid for with Federal tax dollars.

Like I said, if Obama had created those 2,500 private sector jobs at Sallie Mae with a $60 billion stimulus bill you guys would not be impressed. Sometimes you need to take a deep breath and admit that even a Congress and President you dislike does something that makes good fiscal sense.

But again, if you have an argument for why $24 million per job is a good deal for we taxpayers I'd love to hear it.

Jim, for heaven's sake stop the apples to kumquats comparison. Only one labor category effected? Only one SWAG at jobs lost? Sheesh!!!!

Jim, let me add, that the original layoffs were for one company only. They project that the total should be nearly 1/3 of their total employment. One company's estimate, only!

What will you say when the Sallie May budget is expanded over that $60B?

I shall repeat, Sheesh!!!!