Obama Creates 10-15 Full Time Jobs at $100,000,000 each

Richard Henry Lee
Speaking at the signing ceremony of California's Renewable Energy law, Secretary of Energy Steven Chu announced that the Department of Energy would guarantee $1.2 Billion in loans for a solar plant in California. The plant would employ 350 people during construction and about 10-15 full time during operation. Assuming the final number of new full time jobs is 12, that works out to $100,000,000 of taxpayer money per full time job.

Sunpower Corporation owns the power plant and their Political Action Committee gave $15,650 to Democrats and $1,000 to Republicans during the 2010 election. Senator Harry Reid received $4,000 of the total. Reid was in a tough re-election bid at the time.

See AT's earlier coverage of California's costly renewable energy law here.
Speaking at the signing ceremony of California's Renewable Energy law, Secretary of Energy Steven Chu announced that the Department of Energy would guarantee $1.2 Billion in loans for a solar plant in California. The plant would employ 350 people during construction and about 10-15 full time during operation. Assuming the final number of new full time jobs is 12, that works out to $100,000,000 of taxpayer money per full time job.

Sunpower Corporation owns the power plant and their Political Action Committee gave $15,650 to Democrats and $1,000 to Republicans during the 2010 election. Senator Harry Reid received $4,000 of the total. Reid was in a tough re-election bid at the time.

See AT's earlier coverage of California's costly renewable energy law here.