Are You Pissed Off Yet? President Obama’s $9B Stimulus Only Created 910 Jobs!

Posted on June 22, 2012

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Washington D.C. (Michael W. Chapman and Fred Lucas-CNS News) – 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

The report explains that the program provided “approximately $9.0 billion in funds to over 23,000 PV and large wind projects.”  PV stands for photovoltaic, which is the method by which solar power is turned into electricity, usually with solar panels or solar cells.  There were specifically 197 large wind projects and 23,692 PV projects that received funds, according to the EREL report.

For calculating the number of green jobs created, the EREL did not actually count the people working at the facilities but instead relied upon Jobs and Economic Development Impact, or JEDI, computer models.

In its summary, the EREL report states that for the 2009-11 timeframe there were an average 52,000-75,000 “direct and indirect jobs per year” created for the construction, installation, and related work on the wind and solar projects.

These were temporary jobs, construction and installation work at the facilities, not long-term positions at the green energy sites.

Read more:     http://cnsnews.com/news/article/9-billion-stimulus-solar-wind-projects-made-910-final-jobs-98-million-job