Wintery Knight

…integrating Christian faith and knowledge in the public square

$9 billion in green energy stimulus creates 910 direct jobs: $9.8 million per job

From CNS News.

Excerpt:

The Obama administration distributed $9 billion in economic “stimulus” funds to solar and wind projects in 2009-11 that created, as the end result, 910 “direct” jobs — annual operation and maintenance positions — meaning that it cost about $9.8 million to establish each of those long-term jobs.

At the same time, those green energy projects also created, in the end, about 4,600 “indirect” jobs – positions indirectly supported by the annual operation and maintenance jobs — which means they cost about $1.9 million each ($9 billion divided by 4,600).

Combined (910 + 4,600 = 5,510), the direct and indirect jobs cost, on average, about $1.63 million each to produce.

As explained in a report by the National Renewable Energy Laboratory, which is part of the U.S. Department of Energy, the American Recovery and Reinvestment Act (“economic stimulus”) of 2009 included Section 1603, a grant program run through the Treasury Department.

The 1603 program offered “renewable energy project developers a one-time cash payment” to reduce the need for green energy companies “to secure tax equity partners” and also help them to achieve  “ ‘the near term goal of creating and retaining jobs’ in the renewable energy sector.”

The nice government gave away your taxpayer dollars to “green energy” firms in order to relieve them of the trouble of trying to justify their projects to profit-minded shareholders. Taxpayer money can be wasted without having to care what taxpayers think, you see. If these solar and wind companies are anything like Solyndra, then there is a Democrat fundraiser who is the beneficiary of this spending. That’s what stimulus spending means – paying off your campaign contributors so they will give you more money for your next campaign. This “green energy” is what gullible young people are taught to support in public school classrooms – and they are the ones who will be paying the bill.

Recall that the CBO recently calculated that the cost of each job created from Obama’s other stimulus spending was between $540,000 and $4.1 million.

According to the AEI, in 2015, consumers will be paying $3.2 billion more per year for electricity.

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