Obama: Let’s spend $2 billion to create 5100 jobs
And I thought Barack Obama’s response to the jobs numbers yesterday was clueless. Obama proposed spending $800 million to create 5,000 jobs, which would install broadband technology where it hasn’t already expanded because of demand, which will cost $160,000 per job. Today, Obama has refined his approach in his weekly address, proposing to spend even more money to create jobs that will mainly disappear:
"That’s one of the reasons why we’re accelerating the transition to a clean energy economy and doubling our use of renewable energy sources like wind and solar power – steps that have the potential to create whole new industries and hundreds of thousands of new jobs in America.
In fact, today, I’m announcing that the Department of Energy is awarding nearly $2 billion in conditional commitments to two solar companies.
The first is Abengoa Solar, a company that has agreed to build one of the largest .....
http://hotair.com/archives/2010/07/03/obama-lets-spend-2-billion-to-create-5100-jobs/