June 21, 2012

$9 Billion in ‘Stimulus’ for Solar, Wind Projects Made 910 Final Jobs — $9.8 Million Per Job

CNSNews:

The Obama administration distributed $9 billion in economic “stimulus” funds to solar and wind projects in 2009-11 that created, as the end result, 910 “direct” jobs — annual operation and maintenance positions — meaning that it cost about $9.8 million to establish each of those long-term jobs.

At the same time, those green energy projects also created, in the end, about 4,600 “indirect” jobs – positions indirectly supported by the annual operation and maintenance jobs — which means they cost about $1.9 million each ($9 billion divided by 4,600).

Combined (910 + 4,600 = 5,510), the direct and indirect jobs cost, on average, about $1.63 million each to produce.

As explained in a report by the National Renewable Energy Laboratory, which is part of the U.S. Department of Energy, the American Recovery and Reinvestment Act (“economic stimulus”) of 2009 included Section 1603, a grant program run through the Treasury Department.

The 1603 program offered “renewable energy project developers a one-time cash payment” to reduce the need for green energy companies “to secure tax equity partners” and also help them to achieve  “ ‘the near term goal of creating and retaining jobs’ in the renewable energy sector.”

The National Renewable Energy Laboratory (EREL) tracked the grant program from its inception in 2009 through Nov. 10, 2011. Its report is entitled, Preliminary Analysis of the Jobs and Economic Impacts of Renewable Energy Projects Supported by the 1603 Treasury Grant Program.

— Which is a rather unfortunate and longwinded title, when they could have just gone with Yet More Proof That Keynesian Economics is Disastrous Bunk.

But then, not everyone shares my fondness for getting directly to the point.

 

 

Posted by Jeff G. @ 12:51pm
21 comments | Trackback

Comments (21)

  1. I’m actually irritated about more than just the money. It was the lecturing – especially here in Michigan – about how our economic future was going to be GREEN JOBS. Granholm even went on a “Renewable Energy Tour.” Unemployed folks were encouraged to get themselves educated to build solar panels and windmills. Years wasted with the government chasing green jobs.

    I took pictures of the place my husband drives by EVERY day. Heralded by Granholm and Obama. CLosed. Bankrupt. No jobs. Stimulus funds wasted.

  2. They also gave funds to battery companies who WOULD HAVE PRODUCED THE BATTERIES ANYWAY.

    Idiotic.

  3. We used to have an Eagle Pitcher battery plant here in town. Then they moved to another town 30 miles away. Then That plant closed and moved to a site in Joplin. Then a tornado blew it all down.

  4. “Then a tornado blew it all down.”

    – Mother Gia applies the “Green” part, after Obama provides your green.

  5. Yup. Don’t mess with Mother Nature.

  6. They’re just not stimulating hard enough, is all.

  7. Combined (910 + 4,600 = 5,510), the direct and indirect jobs cost, on average, about $1.63 million each to produce.

    Given that the workers in those jobs likely saw about 5% of that figure, you can’t help but wonder who walked away with the other 95%, and whose campaigns got their slice off the top…

  8. Keynesian Economics is Disastrous Bunk

    Nonsense. Keynesian economics provides politicians with philosophical and quasi-scientific cover for playing Santa Claus with other people’s money. The people who get the money are happy and the politicians are happy.

    Win-win, clingers. Get over it.

  9. But they’re Green jobs.

    Green!!!

  10. If those are green jobs, then Obama’s got a green thumb even worse than mine.

  11. “the answer my friend is blowing in the wind”

    No, it’s NOT.

  12. Hello, pw peoples, I come from Offtopica with important video analysis.

  13. concise baracky

    the equipment in the FD is circa Arnold days! so i think i’ll use some of the tax payers money and use the good gym!!! Thank you to all of you who pay your taxes!!!”

    Read more: http://www.foxnews.com/politics/2012/06/21/exclusive-biden-brawlers-veep-security-team-squared-off-in-nantucket-melee/#ixzz1yTt1c76Q

  14. Only the extremely narrow minded would measure the success-fulness of a stimulus program by the $/Job ratio. The true measure would be determined by the number of $ that find their way back into Democratic campaign coffers.

  15. The answer mein Freund is right there under ground. The answer is right there underground.

  16. bh, that video analysis was . . . remarkable.

  17. also OT: Just learned that Anna Schwartz passed away today at the age of 96.

  18. I have heard that steroid abuse can lead to excessive exclamation point build up, nr.

  19. – Which is a rather unfortunate and longwinded title, when they could have just gone with Yet More Proof That Keynesian Economics is Disastrous Bunk.

    How do you figure? By my rough calculations we could have full employment for a mere $32 trillion.

  20. To minimize bh’s “offtopica” diversion I will provide the salient parts:

    “Rembert Browne: The only thing I know about this video before watching it is that Courteney Cox looks like a hot girlboy and gets onstage.”

    (an hour later)

    “Yep, without question. I love you, Courteney. That’s really the only takeaway from this whole piece. I love Courteney Cox.”

    Ok,

    NOW BACK ON TOPIC PEOPLE!!!
    (Bmoe you have problem in reverse. Excessive ! use can lead to steroid abuse. So don’t try this at home, I’m a trained professional;)

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