With labor participation at 63 percent, Obama will only need to spend a few quadrillion dollars to create green jobs for everyone. I sure hope China lends us that money at a reasonable 200 trillion a year in interest, or the economic recovery might slow down.
According to the Institute for Energy Research, the Department of Energy has spent nearly $26 billion since 2009 on its Section 1703 and 1705 loan programs. However, these two programs only yielded 2,308 permanent jobs — meaning the cost to taxpayers was $11.25 million per job.
We all have to sacrifice for a Green future of Green companies subsidized by Green government money. Dirty taxpayer money from jobs like changing the oil at gas stations or cleaning toilets in bus stations is being transformed into clean green money through taxation. The IRS takes the money and the government cleans it by giving it to green millionaires and billionaires who support Obama.
These green tycoons recycle the dirty old money by creating green jobs at the cost of a mere $11 million a job. And while the dirty old workers may never see one of those green jobs, as they change the oil and mop the toilets, they should consider themselves privileged to be contributing to the green energy future.
And then those companies go bankrupt requiring more dirty money.
House Republicans recently questioned the Energy Department’s estimates of green jobs that were created from its controversial Section 1705 loan program which gave money to the now bankrupt Solyndra.
Solyndra was the first major loan guarantee failure, and filed for bankruptcy in August 2011 after receiving a $528 million loan guarantee. According to the DOE’s loan programs website, none of that money has been recovered.
One of Solyndra’s primary investors was billionaire George Kaiser, also an Obama supporter. Kaiser along with other Solyndra executives and board members donated $87,050 total to the president’s election campaign.
Now that’s clean green money. Nothing dirty about that.