From Investors' Business Daily:
The White House announced Friday the awarding of $2.3 billion in tax credits — the money comes from last year’s stimulus bill — to companies to create “green jobs.”
The announcement was rather obviously timed to counter the news that the nation lost 85,000 jobs last month and the unemployment rate stayed at 10% — bad news for an administration that once promised to hold unemployment to 8% by the end of 2009. . . .
Obama says the grants will create 17,000 cleantech jobs. Well, get out your calculator. $2.3 billion for 17,000 jobs equals $135,294 per job. (And that’s not including the eventual interest on this deficit spending). Those green jobs had better pay well over six figures to justify that expense. . . .
"Green jobs" costing $135,294 per job
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Oleh
abudzar
