Industrial Policy: For a $9 billion investment, the administration created just over 900 new, permanent jobs. We could’ve had 20,000 jobs building a pipeline with not a dollar of taxpayer money being wasted.
According to the report by the National Renewable Energy Laboratory, which is part of the U.S. Department of Energy, Section 1503 of the American Recovery and Reinvestment Act (aka the stimulus), the part that covers green energy projects got some $9 billion in stimulus cash for 2009-11 and created a whopping 910 direct jobs — those involved in the ongoing operation of the wind and solar projects that were funded.
Now, the report doesn’t come right out and say this. You have to pick through it and look past the “indirect” jobs said to have been created by the manufacture and installation of the bird-chopping wind turbines and water-cleansed solar panels.
The administration has a most curious way of describing what a green job is, but if you count just the “direct” jobs, it cost taxpayers $9.8 million to create each of those long-term jobs.
Throw in the indirect jobs supporting the direct jobs estimate of 4,600 (we’re confused too) and there are 5,510 total jobs (direct and indirect). Starting with the $9 billion in grants, the result to establish 5,510 jobs averages out to $1.63 million per job.
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