Obama to Tout Indy Transmission Plant – Saved By $62.8 Million in Stimulus Cash or $25,120 Per Employee
Barack Obama and democrats gave the hybrid plant $62 million in stimulus cash.
The plant has apporximately 2500 employees.
That comes out to $25,120 per employee.
Here is the White House statement on the president’s visit to the plant:
On Friday, May 6, President Obama will tour Allison Transmission’s headquarters in Indianapolis and speak to approximately 750 workers and invited guests about his long term plan to protect consumers against rising oil prices and decrease oil imports while ensuring a cleaner, safer, and more secure energy future.
The President will be introduced by Allison Transmission Chairman and CEO Lawrence E. Dewey.
During his tour of Allison Transmission’s facility, the President will view each section of the assembly process for the 3000 Series transmission. This is the base transmission for the new hybrid propulsion system that will be in production in 2013, the H3000. The H3000 propulsion system is being directly supported by an American Recovery and Reinvestment Act Matching Grant through the Department of Energy.
Also, on Friday May 6, Deputy Transportation Secretary John Porcari and Assistant Secretary of Energy for Policy and International Affairs David Sandalow will tour Baltimore’s Mondawamin Transit Center, where hybrid buses and light rail are providing families affordable transportation alternatives as gas prices rise. Since Maryland invested in 181 buses which use Allison Transmission hybrid technology, fuel mileage is up by 20% , distance traveled between breakdowns has more than tripled, and Baltimore commuters enjoy buses that are 50% quieter than diesel buses.
Obama would have done better investing in McDonald’s.
(This post was updated with corrected numbers.)