After spending $17.2 billion of the $38.6 billion allocated for green-jobs stimulation, the programs have created a total of just over 3500 jobs, for a price tag of $4.85 million each. Now the Inspector General at the Department of Labor has recommended the shutdown of a green-jobs training program that has only placed 15% of its participants:
I just think the "green jobs" sector is mostly pie-in-the-sky stuff so far. I mean the Red Chinese are better at creating solar panels mostly due to their lax environmental standards. Plus, when companies are cutting back the first thing they think about slashing is any "green" initiatives which have high payouts up front but usually have negligible results. I remember IBM was pushing their green data center a while back and it seems to have been a pretty dismal failure.
In any case $4.85 million for each job is case-in-point on how inefficient the government is at creating jobs.
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