Friday, May 10, 2013

Obama’s DOE Green Programs Spent $26 Billion On Less Than 3,000 Jobs

Obama’s DOE Green Programs Spent $26 Billion On Less Than 3,000 Jobs: Don’t worry, Obama’s cool with this, it’s Someone Else’s money, and he can always get more
(Institute for Energy Research) Without much fanfare, the Department of Energy (DOE) recently updated the list of loan guarantee projects on its website. Unlike in 2008, when Barack Obama pledged to create 5 million jobs over 10 years by directing taxpayer funds toward renewable energy projects, there were no press conferences or stump speeches. But the data are nonetheless revealing: for the over $26 billion spent since 2009, DOE Section 1703 and 1705 loan guarantees ...