Religion, Politics, Culture: Defined & Explained

Sunday, July 04, 2010

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?