Under Barack Obama’s leadership the Department of Energy spends over $11 million per green job.
Institute for Energy
This is theft.
OilPrice.com reported:
A new report by the Institute for Energy Research (IER) has shown that despite strong support from the Obama administration, all funded by tax payers, the green energy sector has struggled to grow, and created very few jobs.
The report notes that since 2009 the Department of Energy has invested nearly $26 billion through the Section 1703 and 1705 loan programs, and in that time only 2,308 permanent green jobs have been generated, meaning that each new green sector job cost the taxpayers $11.25 million.
The IER stated in the report that “clearly, in terms of ‘bang for the buck,’ government programs that coddle renewable energy are losers. In terms of jobs, the losers are the American workers who would otherwise be gainfully employed but for the tremendous waste of taxpayer dollars on the administration’s obsession with green energy.”
80% of DOE dollars went to Obama backers. 19 of these green energy companies went bust.
Another green boondoggle, Vehicle Production Group, linked to an Obama donor, went bust this week.
