DOE Green Energy Loans: $11.45 million per job and a rounding error’s worth of averted carbon emissions.

DOE Green Energy Loans: $11.45 million per job and a rounding error’s worth of averted carbon emissions.HT: Wattsupwiththat. By David Middleton

The cost of each taxpayer-financed green energy job created since 2009:

$26.32 billion divided by 2,298 jobs = $11.45 million per job…

Green energy jobs and DOE loans are tallied under programs 1703 and 1705 on this list.

Permanent jobs created: 2,298

Taxpayer financed loan guarantees: $26.33 billion

19 of the projects cost more than $10 million per permanent job…

Even if you use the Obama maldaministration’s accounting methods and include temporary employment, the totally idiotic “jobs created/saved” category and include the 33,000 Ford Motor Company jobs “saved”, you get ~60,000 jobs at a cost of $34.5 billion –> $580,000 per job.

Bear in mind that Mr. Obama promised “to create 5 million jobs over 10 years by directing taxpayer funds toward renewable energy projects.” He’s currently 4,997,702 short of the 5 million mark.

I have handy cost estimates for three of the solar plants near the top of the list of $10 million-plus jobs. If I factor in the increased cost of electricity, the cost per permanent job literally skyrockets, as promised by candidate Obama in 2008.

The total cost to the economy per permanent “green energy” job created by these three solar PV plants is $82.3 million. If I add in the 2,450 temporary construction jobs that were created, the cost per job drops to $2.8 million per job. Hmmmm.......Obama: "All the Choices We've Made Have Been the Right Ones"Read and see the full story here.