Stephen Moore, Sr. Economics Writer for the Wall Street Journal, told America’s Newsroom on Wednesday that the Obama Administration is spending over a million dollars for each green job.
Barack Obama calls this is a success.
It’s actually worse than that.
The cost of each job produced by stimulus cash is closer to $1.63 million.
CNS News reported:
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The Obama administration distributed $9 billion in economic “stimulus” funds to solar and wind projects in 2009-11 that created, as the end result, 910 “direct” jobs — annual operation and maintenance positions — meaning that it cost about $9.8 million to establish each of those long-term jobs.
At the same time, those green energy projects also created, in the end, about 4,600 “indirect” jobs – positions indirectly supported by the annual operation and maintenance jobs — which means they cost about $1.9 million each ($9 billion divided by 4,600).
Combined (910 + 4,600 = 5,510), the direct and indirect jobs cost, on average, about $1.63 million each to produce.