After loaning out almost $20 Billion dollars of taxpayer money, Obama's green energy program "...has directly created 3,545 new, permanent jobs..."
If I'm doing the math right, that comes to $564,000 per job. Any one of us could fund a new small business that would employ dozens of people with that sort of money.
If I've ever seen an example of government waste, inefficiency, and gross incompetence (not to mention outright fraud), this is it.
5.6 mil per job
right from the start this was a stupid idea
$38B divided by 65,000 = $585,000 PER JOB
Would someone PLEASE BUY THESE IDIOTS A FREAKIN’ CALCULATOR????
In 2010, the median US household income was $52,026 meaning that for every $1 million of government spending, the entire annual income of all the jobs that would be held by about 20 median households would be consumed.
To the extent that government spending of $1 million creates more than 20 jobs, that spending was a net positive and “sustainable”, a concept the left loves to scold the rest of us about about.
To the extent that $1 million produces less than 20 jobs, that spending was a net negative and destroyed jobs.
And the score for this project was what exactly?? Hello?! Anyone in the media care to answer? Anyone?
In my opinion a green job would be anything to do with making supplements for health out of plants found in the wild THAT is a green job everything else is experimental fodder ..
Temporary jobs. The companies go down the toilet 18 months after obtaining the loans.
Temporary jobs. The companies go down the toilet 18 months after obtaining the loans.
Temporary jobs. The companies go down the toilet 18 months after obtaining the loans.
Until more of these subsidized companies go bankrupt, and they lose their jobs. I'd say that $10 million per job is an optimistic estimate.