Saturday, July 3, 2010

Obama Spending $2 Billion to Create 1,500 Permanent Jobs. That is $1.3 Million Per Job.

President Obama is spending $2 Billion to create 5,100 solar plant jobs, but only 1,500 are permanent. That comes to $1.33 million per permanent job created. No wonder only 23% of voters think the Stimulus is really creating jobs.

AP reported:
The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs and increase the use of renewable energy sources...

The two companies that will receive the money from the president’s $862 billion economic stimulus are Abengoa Solar, which will build one of the world’s largest solar plants in Arizona, creating 1,600 construction jobs; and Abound Solar Manufacturing, which is building plants in Colorado and Indiana. The Obama administration says those projects will create more than 2,000 construction jobs and 1,500 permanent jobs.

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