Green Energy
Obama’s DOE Mulls $6.5 Billion In “Green Energy” Loans To Create 283 Jobs,Which comes out to almost $23 million per job
Investors, via Will at The Other News:
- Al Sharpton Says Republicans Are To Blame For High Black And Hispanic Unemployment
Surprise: What he says makes absolutely no sense whatsoever. First he says we have gained jobs in the public sector. That's false. During Obama's term, the private sector has lost tens of millions of jobs. Second, he says the public sector has...
- Obama's 36 Green Energy Failures
From Heritage: It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner...
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Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan From Will at The Other News:It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve....
- L.a. Math =- $111 Million Arra - 55 Jobs
International Business Times: Employment generation disappointing: LA City Controller By IB Times Staff Reporter The Los Angeles City Controller said on Thursday the city's use of its share of the $800 billion federal stimulus fund has been disappointing....
- 4 Solar Loans Guarantees By Obama In Us
Solar energy is regaining more importance and recognition over the days and recently, governments have begun taking huge leaps in this domain by encouraging and pushing solar energy companies forward. And today, on the 30th of September 2011, Obama's...
Green Energy
Obama’s DOE Mulls $6.5 Billion In “Green Energy” Loans To Create 283 Jobs,Which comes out to almost $23 million per job
Investors, via Will at The Other News:
The Department of Energy is set on Thursday to announce whether nine federal loan guarantees amounting to $6.5 billion for green energy projects will get final approval.Read the full story here.
The number of full-time, permanent jobs they would create? According to the DOE’s own figures, a grand total of 283. That is nearly $23 million per job.It’s also a drop in the bucket toward the five million green jobs President Obama promised as a candidate in 2008.
It’s not clear how many of the loans will get approved. The DOE refused comment prior to the Thursday announcements.In the last week, the DOE has approved three loans totaling $624 million and creating 110 permanent jobs. But two other big loan projects totaling nearly $2 billion reportedly fell through.
Jerry Taylor, senior policy analyst for the free-market Cato Institute, says the whole program shows that the federal government should not be picking private-sector winners and losers.
"It's a lot of money for very few jobs if you do the math," Taylor said. "If nobody in the private sector is willing to invest their capital, that's a pretty good signal."
- Al Sharpton Says Republicans Are To Blame For High Black And Hispanic Unemployment
Surprise: What he says makes absolutely no sense whatsoever. First he says we have gained jobs in the public sector. That's false. During Obama's term, the private sector has lost tens of millions of jobs. Second, he says the public sector has...
- Obama's 36 Green Energy Failures
From Heritage: It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner...
-
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan From Will at The Other News:It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve....
- L.a. Math =- $111 Million Arra - 55 Jobs
International Business Times: Employment generation disappointing: LA City Controller By IB Times Staff Reporter The Los Angeles City Controller said on Thursday the city's use of its share of the $800 billion federal stimulus fund has been disappointing....
- 4 Solar Loans Guarantees By Obama In Us
Solar energy is regaining more importance and recognition over the days and recently, governments have begun taking huge leaps in this domain by encouraging and pushing solar energy companies forward. And today, on the 30th of September 2011, Obama's...