Posted on 09/02/2011 6:05:19 AM PDT by Oldeconomybuyer
Inside a factory in Willoughby, Ohio, Ashlawn Energy is teaming with a local utility and other partners to design and build flow batteries, which when fully assembled will be as big as a house.
The company says it hopes to create a new U.S. manufacturing base and hire more than 200 people within about four years. But to get started, Ashlawn needed help. That's where Uncle Sam came in.
The company got about $3.5 million, part of President Obama's plan to stimulate the economy and create millions of green jobs. How many have been created by this project so far? About a dozen.
If you do the math, using stimulus dollars and the number of jobs created here and elsewhere, it looks like big waste of taxpayer money — and that's what critics claim. Even those who support the president's green initiatives on energy policy grounds find fault with it as a jobs program.
(Excerpt) Read more at npr.org ...
Pathetic, just pathetic.
NPR....stuck on stupid as usual.
Unlike gummit, the private sector knows a boondoggle when it sees one.
Ashlawn will probably do what Solyndra did. Take a big chunk of that stimulus money and lobby congress with it. That should buy them at least a year or two, and it keeps the money circulating.
remember that every subsidized “job” costs the economy real jobs.
Hmm, sounds like I need to purchase some put options!
“We would not have been able to do this without stimulus funds because there was too much risk for a private equity investor,” Startari says.
Microsoft started in Bill Gate’s garage.
Of course with all the regulations the obama thugistration has imposed it’s probably a safe bet that there will never be another Microsoft while the progressives are in charge.
Now they are trying to destroy Gibson Guitars! Musicians the world over should be outraged over this!
They got $3.5 million and created a dozen jobs. Obama considers that a success, and by Federal Gov’t standards (oops, the Federal Family standards) I guess he’s right.
Golly, that only $291,666.00 per job! Great Job, Mr. O!
After Solyndra..will Obama next week again talk about “investing” in green jobs...??
NPR has probably been on Defcon 1 alert trying to find something, anything to counter the closure of the solar panel plant in Massachusetts. And this is all they could come up with; maybe 200 jobs in four years (bankruptcy being more likely).
Our tax dollars at work.
All such enterprises are depending on government subsidies and Cap and Trade or other market distorting policies giving them unwilling customers.
A 4 month over/under may be generous.
Nobody seems to remember Jimmy Carter and his Synfuels Corporation.
obama is the green fdr.
You forgot the part about democRat campaign donations.
Quick, call NPR...my kid opened a lemonaide stand which uses no fossil fuel.
California, but otherwise you are right, they are desperate because the gravy train is the only thing keeping the solar market artificially pumped up on Wall St.
The reason that outside-market stimulus does not create jobs is that unless the company can generate a profit, it can’t keep paying people whose work does not pay for itself.
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