American Elephants

Of Course the Stimulus Money is Creating Jobs. It’s Just a Little Expensive! by The Elephant's Child
September 6, 2009, 8:50 pm
Filed under: Economy, Energy, Progressivism | Tags: , ,

The Departments of Treasury and Energy announced on September 2, that they were making $502 million in “grants” available to renewable energy industry firms in lieu of earned tax credits. It seems that “tax credits” aren’t worth anything because the industry has no profits.

The $502 million of stimulus money will, according to federal officials, provide 2,000 jobs. That is $251,000 per job. This will allow consumers to pay higher prices for electricity. We can call it “Renewable Welfare.”

Leave a Comment so far
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: