What do you think America could do with an extra $500 million? Cut taxes, build better roads that last, create jobs for disabled veterans of wars in Iraq and Afghanistan?
Well, don’t waste any time thinking about it because the $500 million has already been spent by a government that never misses an opportunity to waste money. This particular half-billion dollars was spent on job training for people wanting to enter the new “green economy.” Environmentalists were doing cartwheels over this decision, but as it turned out, it was another huge waste of funds that could have been spent on important things.
When all was said and done, there were not nearly enough “green” jobs for these trainees to take. The government vastly overestimated the number of jobs that would be available in the “green” arena, and so only about one-half of the trainees were able to land jobs, many of which were not technically green jobs.
A spokesperson for the Government Accountability Office (GAO) said that programs such as these were created before there was a clear indication of how many green jobs would exist.
“Basically, this is what can happen when you fund large programs amid much uncertainty and when there’s too little data available,” said Mark Muro, senior fellow and policy director for the Brookings Institution’s Metropolitan Policy Program.
So, once again, the Obama Administration takes a cause that it likes – in this case, growing the green job sector – and rushes into spending a bunch of money that in essence ended up being thrown away. Five hundred million dollars, down the drain.
And of course, this is just one of many examples of this administration’s poor decisions that cost taxpayers millions of dollars. Fisker Automotive of California was deemed worthy of $200 million worth of taxpayers dollars because it was manufacturing the plug-in electric cars that the administration likes. But then the company came very close to declaring bankruptcy.
Another $150 million in federal funds and $175 million in tax breaks went to the LG Chem battery plant, but basically their workers have been paid to sit around and do nothing due to the lack of sales of the Chevy Volt. And, of course, there is Solyndra, a solar panel manufacturer that received $530 million from the Energy Department and has since filed for bankruptcy.
As Paul Chesser, an associate fellow at the National Legal and Policy Center, said, “The GAO report is just more evidence that the administration has no clue what drives a successful economy and job growth.”
Gee, I wonder why this country is $17 trillion in debt.
Does the incredible waste of money that this administration is responsible for bother you? If so, please let me know.