$135,295 per Job: Obama Announces $2.3 Billion to Create 17K Green Jobs

Following President Obama’s remarks on “green” jobs and “clean energy technology,” Thomas J. Pyle, president of the market based Institute for Energy Research (IER), issued the following statement on the President’s commitment of $2.3 billion additional taxpayer dollars to further subsidize the wind and solar energy industry: “Show me one other industry that requests and receives a nearly 30 percent taxpayer subsidy. That’s what the wind and solar industries require – at a minimum – to exist. All the President did today is throw more money at an unproven technology that is not economically viable in the marketplace. Unfortunately, the only winners in this latest taxpayer giveaway will be Wall Street money managers and corporate interests in the wind and solar industry...read more