Quantcast
The natural progress of things is for liberty to yield and government to gain ground. —THOMAS JEFFERSON, 1788

Energy Dept spends $11M per green job created

Doc Zero, Human Events

Without much fanfare, the Department of Energy (DOE) recently updated the list of loan guarantee projects on its website,” the Institute for Energy Researchnoticed on Wednesday.  ”Unlike in 2008, when Barack Obama pledged to create 5 million jobs over 10 years by directing taxpayer funds toward renewable energy projects, there were no press conferences or stump speeches.”

Uh-oh.  Why weren’t there any celebrations?  President Obama loves a good celebration.  Why, we just found out about the super-secret star-studded bash he held after his inauguration.

Maybe it’s because the IER divided the $26 billion spent on “green jobs” by the Energy Department since 2009, divided it by the 2,298 permanent jobs created, and came up with a cost of $11.45 million per job.

Ah, the miracle of Obamanomics!  At those prices, we could easily restore the 5 million jobs blown out of the economy since 2009 by spending a mere $57 trillion.

Continue reading →

Posting Policy
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.
You may use HTML in your comments. Feel free to review the full list of allowed HTML here.