ReallyRight

Obama Announces More Failed Spending Ideas

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?

 

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