Obama Admin Issuing Two New “Green” Energy Loans, “Creates” 103 Jobs At A Cost Of $257 Million…
Insanity: Doing the same thing over and over again and expecting different results.
Via Beltway Confidential:
Agriculture Secretary Tom Vilsack today announced his second bio-fuels loan guarantee in a week, revealing that the Agriculture Department (USDA) is slated to loan an Oregon biorefinery $232.5 million for a project expected to create 65 jobs and support 38 others.
“This project and others like it will help to establish a domestic advanced biofuels industry that will create jobs here at home and open new markets in the Pacific Northwest and across America,” Vilsack said in a statement. [...]
Last week, USDA appoved a conditional $25 million loan guarantee for an Iowa project expected to create 38 jobs. Combined, the two projects create 103 new jobs at a cost of $257.5 million — or, $2.5 million per job.
Posted by ZIP on Thursday, January 26, 2012, at 11:18 am | 
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More jobs than the Keystone Pipeline would have created according to Jan. Two more future bankrupticies and more money in the reelection coffers.
Wow, a lot of people are lining their pockets. These treasury looters make Bush and his boys look like amateurs.
“$2.5 million per job”
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If we’re willing to throw around that much money, why don’t we let these 103 people retire and avoid any work-related risk?
Someone has to stop this bastard.
@Gastrorgrab – The Unions needs their monthly dues.
The whole green movment based upon lies and fruad
“Insanity: Doing the same thing over and over again and expecting different results”
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Perhaps he’s getting the results he wants.
Cloward-Pliven, anyone?
Damn…just give me 2.5 million and I won’t need a job. These boneheaded shit-for-brains just simple defy belief.
Tom”Nutsack”Vilsack. What an idiot. Couldn’t pour piss out of a boot with the directions written on the heel. Perfect for the Obama Obomination.
See prior article on WZ: “Another Obama-Funded “Green” Energy Company Goes Belly Up, Ener1 Files For Chapter 11 Bankruptcy After Receiving $118 Million DOE Grant…”
And WTF happens to the price of feed corn?
This is a worse criminal scam than what Madoff did.
Gov’t gets away with the biggest thefts of all.
Madoff has good grounds for appeal. Equal application of the law.
Where is all this money coming from?
Heil, O.hitler! The Food Nazi in her $2400 cocktail dress she wore to the SOTU..S.huddup O.commie u T.alking U.surper in the background with a plate of ribs would have been priceless.
@WiscoDave
..to be fair, if there was a sudden demand for corn as fuel there should be market fluctuations. But I suppose sudden shifts in demand are uncommon in the free market.
I suppose Obama is looking for some greenie write a propposal to blow some hot air up his skirt to get a piece of this pie.
Even military contractors have a product at the end of the day.
desperate obstanate, delusional. relentless to push green energy – if at first you don’t succeed try another dumb company
I wonder if I could get a $20million loan for a fart lamp I’m trying to develop?
Kennedy put a man on the moon but what we have now is just a moonbat.
The cost isn’t the issue.
He just wants to be able to say that his Government CREATED the job.
That counters our argument that Gov’t sucks job and money out of the economy.
Now he can point to his administration and say, “job creator”.
Time to open a solar business….
….GRIZZ’s,GRITS,GIRLS,GUNS,GANJA and Solar panels…..Truck Stop
I will save zero some money. Pay me 1.25 million, send the rest back to the treasury, and I will accept that job.
Harleybob says:
I wonder if I could get a $20million loan for a fart lamp I’m trying to develop?
Only if it is powered by unicorn flatulence.
What’s 2 trillion divided by approxomate 300 million U.S. citizens.
We could’ ve done this 8 trillion dollars ago. Of course, no one would
be working and the and, having no more dependents, the political class
would be out of the nanny state business. Sucks, that…..
Wow! Imperial Federal Government efficiency on display here! $ 2.5 million per job! To re-employ those who have lost jobs since BHO became the Emperor
2.5 million * 5 million = 12.5 * 10^12 or ONLY $ 12.5 trillion on top of the already wasted 14 trillion BHO has poured down the drain.
Great work Barry. Please go back to Kenya or Indonesia and work on them after the election and your defeat!
The Watermelon Energy Policy – green on the outside, red on the inside.