Monday, August 9, 2010

taxpayer dollars for solar panels

From the Huffington Post (hat tip: C-J)...

The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs and increase the use of renewable energy sources.

Given the numbers in the article, it works out to $400,000 per job-- and an increase in the use of, apparently inefficient, renewable energy sources. On the former, he's angling for "job creation", but you can't increase taxes or debt by $2 billion-- and spend $2 billion-- to create (net) jobs.

Interestingly, only two companies will receive the money. It's funny to hear people on the Left talk about monied interests-- albeit selectively.


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