Obama Visits Corporation Where His Stimulus Created ‘Green’ Jobs at $2 Million Per Job
President Barack Obama on Thursday toured a vehicle battery plant in Michigan, touting his administration’s focus on green technology and jobs, at a corporation where federal money authorized by the economic stimulus law that Obama signed at the beginning of his presidency had created “green” jobs at a cost of about $2 million in federal subsidies per job.
The stimulus package handed Johnson Controls a $300 million grant.
For 150 jobs.
The economic stimulus, the American Recovery and Reinvestment Act of 2009, provided $2.4 billion in grants to advanced vehicle batteries technology. From that amount, $300 million in grants went to Johnson Controls to manufacture batteries.
According to the White House, thus far the firm has added 150 jobs because of the grant. That means the government spent about $2 million per job, but only if no more jobs are added.
$2 million of taxpayer money per job.
This is what’s wrong with Barack Obama.
I don’t know.
At least THIS ”green” business took the money and went into business.
Tesla took about $500 MILLION but is NOT going to bother to actually make the green car.
Some CA solar company took over $500 MILLION and went out of business.
Taxpayers got totally reamed by those two.
Obama rewarded his friends and punished taxpayers.
A complete failure. At issue is that our MSM should also be a part of 0-bama’s failed presidency. Let’s hope they do their job in the next election cycle and properly report about the qualifications of the candidates vs. the coronation we saw last time!! I’m not going to be optimistic though.
Common sense, don’t expect too much…these folks chose to go to journalism school to “make a difference”, i.e., promote theprogressive agenda, not to report the facts…they bleed green and speak democrat only.
Did y’all REALLY expect anything else from the Obama administration? At $2 million per job, we taxpayers got off relatively light.