How Effective Were Obama’s Green Jobs Initiatives?

U.S. House of Representatives investigations have revealed the failed green jobs initiative in President Obama’s ambitious environmental agenda. With an initial government cost of one-half billion dollars, evidence proves that only about 10% of sponsored trainees were placed in green jobs.

As part of the Obama green energy program, the goal was to train 124,893 people, and place 79,854 (64%) in new green jobs. After 17 months, the results of the green jobs program indicate that only 52,762 were trained, and only 8,035 got green jobs – each job costs tax payers about $62,000. (U.S. Dept. of Labor Inspector General, Jan. 2012)

[...]The Solyndra, First Solar and many other new energy failures are direct evidence of energy technologies that fail economic viability in today’s competitive global markets, even with massive government subsidies. Current solar and wind power systems still cost 3 to 4 times that of conventional coal, natural gas and nuclear power production. Further, the giant Chinese producers of solar panels and wind energy turbines have reduced production projections due to lack of global market demands.

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