$9 Billion Dollars Created How Many Jobs???
Bert Atkinson Jr. | On 21, Jun 2012
Under the Obama administration, over $9 billion in economic “stimulus” funds were dispersed to various solar and wind energy projects between 2009 and 2011.
Let’s say for instance, this $9 billion was simply split up to give $30,000 of income to individuals instead of going to solar and wind energy projects. Through rocket science, I figured 300,000 Americans would receive that $9 billion. But that wouldn’t necessarily create jobs in which the people would receive continual income over time, so that’s why the government decided to create so many jobs!
According to a jobs report from the National Renewable Energy Laboratory, the $9 billion created (drumroll please): 910 “direct” jobs and about 4,600 “indirect” jobs. (Direct jobs – annual operation and maintenance. Indirect jobs – indirectly supported by annual operation and maintenance jobs…think janitor for instance.) That means that the creation of each one of these jobs cost taxpayers about $1.63 million.
Other temporary jobs were created, by why count those when they don’t last? At the end of the day, only 910 of these jobs are considered jobs that will last “upwards of 30 years.”
That means that each long-term sustainable job cost $9.8 million each.
Even though I just computed some rocket science, I am no rocket scientist, but I was under the impression jobs cost less than…at least several million dollars to create. Small businesses fear losing hundreds of dollars by training new employees and the government is slinging billions towards these jobs?
Argue that George W. Bush had a hand in this bailout if you will; I don’t care – Obama finished it. This is a waste of money that could be better spent under better direction.
It’s time for Americans to call a spade, a spade.