High cost green jobs

John Ransom:

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In a quest for a few more “green” jobs that the administration can brag about, the Department of Energy recently announced that they have awarded a Spanish company, Abegnoa Bioenergy, $134 million in loan guarantees for an experimental biomass plant that will create- count ‘em- only 65 “permanent” jobs in Kansas.

Say what you want but Palin’s career shows she knows how to divide 65 jobs into $134 million. That skill apparently is beyond the ken of the Hallowed-Halls-of-Harvard-and-Princeton crowd. But it certainly seems like a valuable skill for a president to have.

$134,000,000 /65= $2,061,538.46 per job.

With these kinds of economies of scale, it would make more sense for the administration to make 65 people multimillionaires outright with that money. Just think: 65 more people they could tax at a higher rate.

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It is anther nutty government program. It reminds me of the computer rail project in Houston that was so expensive, the city could have saved money by buying every rider a new Porsche.