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Chasing The Green Energy Dragon: Obama-Backed Plan Spent $11 Million For Each New Job

May 9, 2013 by  

The U.S. Department of Energy released updates Wednesday to its maintained list of loan guarantee projects.

The Institute For Energy Research (IER) crunched the numbers and discovered that five years’ worth of taxpayer-diverted funds for renewable energy projects has produced not much more than 2,000 new, permanent jobs since President Barack Obama originally announced his plan, which was to manufacture 5 million jobs from green initiatives over a 10-year period.

“[T]the data are…revealing: for the over $26 billion spent since 2009, DOE Section 1703 and 1705 loan guarantees have created only 2,298 permanent jobs for a cost of over $11.45 million per job,” noted IER.

Ben Bullard

Reconciling the concept of individual sovereignty with conscientious participation in the modern American political process is a continuing preoccupation for staff writer Ben Bullard. A former community newspaper writer, Bullard has closely observed the manner in which well-meaning small-town politicians and policy makers often accept, unthinkingly, their increasingly marginal role in shaping the quality of their own lives, as well as those of the people whom they serve. He argues that American public policy is plagued by inscrutable and corrupt motives on a national scale, a fundamental problem which individuals, families and communities must strive to solve. This, he argues, can be achieved only as Americans rediscover the principal role each citizen plays in enriching the welfare of our Republic.

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