Cost per "Stimulus Job"

I, like many economists, have a hard time believing that the stimulus really did much good.  The staunchest defenders of the stimulus would seem to be found within the administration itself.  Yet, back in July (I know, old news, but how many of you knew about this back then), the administration itself released figures.  These figures say that, even if the stimulus created/saved as many jobs as the (I think overly) optimistic official White House estimate, it was only accomplished at a cost of $278,000 PER JOB.  So it would have been, even assuming the stimulus actually created/saved 2.4M jobs, merely 1/6 as expensive to simply PAY those 2.4M workers the median household income and call it a day.