Thursday, June 21, 2012

The Obama administration spent $10 billion to create 355 permanent green energy jobs

An additional 3,666 temporary construction jobs were created. Even if you include the temporary construction jobs, it comes to about $2.5 million per job.

Via WFB:
The Obama administration spent $10 billion to create 355 renewable energy jobs per year, according to testimony offered Tuesday before Congress by a Congressional Research Services expert.
Asked by Rep. Cory Gardner (R., Colo.) “how many jobs were created” in 2009 and 2010 under the 1603 renewable energy grant program authorized by the Obama administration, a CRS specialist in public finance admitted that $10 billion was spent to create 3,666 construction jobs over a two-year period — and only 355 jobs per year going forward.
Dr. Molly Sherlock, the CRS specialist, first said the jobs total would depend on the type of job — and differentiated between “induced,” “direct,” and “indirect” jobs — before Gardner asked for a straight number.
“I just want to know how many jobs were created,” Gardner said during the hearing.
“If you’re looking at the direct jobs, this one estimate has direct jobs created at 3,666 in the construction phase, and direct jobs created at 355,” Sherlock said. “Direct jobs would just be the construction jobs and the ongoing operations and maintenance jobs. But if you wanted to look at the supporting jobs in other industries then you’d want to look at the other figures.”
Keep on reading…

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