A Bargain At Any Cost? —- $11.45 Million Per Green Job!!!

suyts space

image

From the IER…..

Without much fanfare, the Department of Energy (DOE) recently updated the list of loan guarantee projects on its website. 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. But the data are nonetheless revealing: for the over $26 billion spent since 2009, DOE Section 1703 and 1705 loan guarantees have created only 2,298 permanent jobs for a cost of over $11.45 million per job.

image

I would note, that the list only references permanent jobs. But, even if you add the temp jobs (construction) the total is about 15,000 workers, (just eyeballing) And that still comes to $1.7 million per job. But, wait!!!  There’s more……

As the astronomical cost of the DOE’s loan guarantee program indicates, subsidizing renewable energy is not a good deal for…

View original post 142 more words

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s