Posted by
William on Sunday, July 04, 2010 6:10:01 PM
Obama commits billions to solar firms
Under pressure to spur job
growth, president says two solar energy companies will get nearly $2 billion in
U.S. loan guarantees to create as many as 5,000 green jobs.
http://news.cnet.com/8301-11128_3-20009656-54.html
Let’s do the math. 2 billion (if I get all the zeros right) is $2,000,000,000
divided by 5,000 is $400,000 per job.
How many of the 5,000 green jobs are paying the employees $12 per hour?
That’s about $23K annually so where did the other $367,000 go?
At that rate of spending($400,000 per job), how many hundreds of trillions
will Obama need to spend to get the United States back to under 4 percent
unemployment from the 18 ½ percent that we have now?