Billions in Green Energy Subsidies Created Just 28,854 Jobs

Thursday, October 11th, 2012 and is filed under Economy, News

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So what ever happened with Obama’s promised 5 billion green energy jobs?  Here’s the latest Bloomberg analysis:

The American Recovery and Reinvestment Act of 2009 set aside $90 billion in renewable energy grants and loans for a grab bag of thousands of projects—wind farms, solar installations, natural gas fueling stations, biofuel research, and a $5 billion weatherization project for low-income homes. Digging into the public records of the $21 billion spent so far through 19 U.S. Department of Energy programs reveals 3,960 projects that employ 28,854 people.

Talk about “investing” in the future!