Federal Government Creating Green Jobs … at $12 Million a Pop
Further evidence that the Obama Administration’s green jobs fetish defies all logic, economic or otherwise, comes from this report from CNS News:
An Obama administration green jobs grant program that spent $11 billion lacks a verifiable job-counting system and likely created only a fraction of the jobs it claims, according to a staff report by the House Energy and Commerce Committee.
While Energy Secretary Steven Chu said the grants “created tens of thousands of jobs,” the government’s own National Renewal Energy Laboratory estimates it created 910 direct jobs.
The House report criticized even those numbers, saying: “The job creation numbers that exist for Section 1603 are based on models, not actual data from completed projects. Neither Treasury nor DOE have turned over actual jobs data on the Section 1603 grants program to the committee.”
In the spirit of generosity, let’s assume the 910 number is correct. At $11 billion, that comes out to well over $12 million per job. A ludicrous amount to be sure, but also one that comes with an enormous opportunity cost. Scroll down the page to Ashton’s post on the cost-effectiveness of Washington D.C.’s Opportunity Scholarship program and you’ll find that the whole thing (which the Obama Administration has consistently targeted for elimination) could be funded at the cost of less than two of those green jobs.
The character of this administration can be defined by its priorities. Does anything more need to be said than that they would rather slip millions of taxpayer dollars to tech firms who haven’t so much as worked up a business model than to poor children in the inner city? Hope indeed.