Washington Post: Obama Green Jobs Cost $5 Million Each

Dan Gainor
Business And Media Institute
Sept 16, 2011

The Washington Post might be a day late and $38 billion short, but it’s being honest about Barack Obama’s failed green jobs program. According to the Post, the “$38.6 billion loan guarantee program” has created just “3,545 new, permanent jobs” “after giving out almost half the allocated amount.”

For those not doing the math at home, that means more than $5 million per job.

The Post outlined Obama administration promises to “create or save 65,000 jobs” in the green jobs category. What it left out was that, while campaigning, Obama promised to create 5 million “green” jobs. He’s about 4,996,455 short.

The green jobs program has come under scrutiny following “the collapse of Solyndra, a solar-panel maker whose closure could leave taxpayers on the hook for as much as $527 million.”

Full article here

This article was posted: Friday, September 16, 2011 at 4:13 am

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