GREEN CRIME: Obama Spent Nearly $17.2 Billion to Create Only 3,545 Green Jobs?Or a Staggering $4.8 Million Per Job
by Jim Hoft
OBAMA REGIME TAKES BILLIONS FROM TAXPAYERS ? BLOWS IT ON FAILED GREEN PROJECTS?
The Obama Administration spent nearly half of the $38.6 billion ($17.2 billion) set aside for his green energy programs and was only able to create 3,545 permanent green jobs.
This comes out to a staggering $4,853,000 per job.
Obama continued to push green energy initiatives in his 2011 State of the Union Address.
The Obama Administration has blown billions of taxpayer dollars on green energy and has only succeeded in producing a few thousand jobs.
The Washington Post reported:
A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show.
The program ? designed to jump-start the nation?s clean technology industry by giving energy companies access to low-cost, government-backed loans ? has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies.
President Obama has made ?green jobs? a showcase of his recovery plan, vowing to foster new jobs, new technologies and more competitive American industries. But the loan guarantee program came under scrutiny Wednesday from Republicans and Democrats at a House oversight committee hearing about the collapse of Solyndra, a solar-panel maker whose closure could leave taxpayers on the hook for as much as $527 million.
The GOP lawmakers accused the administration of rushing approval of a guarantee of the firm?s project and failing to adequately vet it. ?My goodness. We should be reviewing every one of these loan guarantee? projects, said Rep. Marsha Blackburn (R-Tenn.).
Obama?s efforts to create green jobs are lagging behind expectations at a time of persistently high unemployment. Many economists say that because alternative- energy projects are so expensive and slow to ramp up, they are not the most efficient way to stimulate the economy.
?There are good reasons to create green jobs, but they have more to do with green than with jobs,? Princeton University economics professor and former Federal Reserve vice chairman Alan Blinder has said.
Green energy projects are very expensive and the long payback makes them impractical, the equipment wears out before it's paid off. The only way anyone would do such a project is with free federal money. It's definitely not a jobs program, simply an environmental program doomed to failure.
Green energy projects are very expensive and the long payback makes them impractical, the equipment wears out before it's paid off. The only way anyone would do such a project is with free federal money. It's definitely not a jobs program, simply an environmental program doomed to failure.
Well sounds like a good reason to start tarp 10 and spend another (wait, waste) 20 or 30 trillion of imiginary money. seesch.....but wait...where can I get me one of them 4.8 million$$$ jobs. Thats better than the lottery, getting one of those green jobs
biggovernment.com...... I'm sure this is another unbiased site..... in no way similar to your claims that the stimulus saved no jobs when the CBO says it saved hundreds of thousands......
biggovernment.com...... I'm sure this is another unbiased site..... in no way similar to your claims that the stimulus saved no jobs when the CBO says it saved hundreds of thousands......
Private or public sector jobs, at how much per job?
Private or public sector jobs, at how much per job?
combination of both, and you can use google as well, I'm not going to spend the time for someone who often won't even respond to questions I pose for them that don't require research.......
get the cbo number of jobs save and divide from the total cost.....
of course this won't cover compounding effects that improve the economy multiple times over from better economic conditions in general....
combination of both, and you can use google as well, I'm not going to spend the time for someone who often won't even respond to questions I pose for them that don't require research.......
get the cbo number of jobs save and divide from the total cost.....
of course this won't cover compounding effects that improve the economy multiple times over from better economic conditions in general....
well how many threads have I responded to all or most of your questions just to have you ignore every single one of mine.... quite a few..... so for you to expect me to do that research for you when it can be easily found is a bit lame.
well how many threads have I responded to all or most of your questions just to have you ignore every single one of mine.... quite a few..... so for you to expect me to do that research for you when it can be easily found is a bit lame.
Nope! Don't really want your research, just check it out and ponder it in your heart before voting for Obama.
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