A Bargain At Twice the Price, Right?
Bill Quick

Two US Cities, One With the Highest Unemployment in the Country, The Other With the Lowest. One is the Capital of Shale Fracking; The Other is the Capital of Solar Power Production.

Agua Caliente received a $967 million loan guarantee from the Department of Energy (DOE) in 2011. According to DOE, federal financing helped create 10 permanent jobs.

Ten jobs for almost a billion dollars.

So…at $96.7 million per job, it will only cost us $200 trillion to make up the 2 million job shortfall since Obama took office.

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments

A Bargain At Twice the Price, Right? — 2 Comments

  1. And that $967M, getting a modest 3% annual return, could pay 580 people $50K/yr. indefinitely (i.e., permanently). If wisely invested in a, you know, productive, profitable venture, it would probably have created 1000′s of permanent jobs, Prima facia evidence this had nothing to do with jobs, but only corrupt payoffs to politically connected cronies.