While you’re at it, make them look green

A recent GAO report says that the Department of Energy spent $1.9 billion in stimulus funds to produce 10,018 full-time jobs, which works out to $194,213 per job.

Joe Sherlock says he can do better:

Dear President Obama,

Please hire me to run the Department of Energy. And please fire Steven Chu, the present Secretary of Energy and head of DOE. Yes, I know that he’s a fellow Nobel Prize winner and I’m not. (Although I have sometimes told people that I won one for plastic fabrication back in 1983. Still, that’s far less resume padding than has been done by some of your closest advisors.)

To say nothing of outright, um, fabrication.

At the heart of the Sherlock plan:

Those U.S. jobs which have gone to Asia and East Asia have done so because of cheap labor — $2 per hour versus $15/hour for light assembly work at a small to mid-size firm. So, with a $13 per hour government subsidy, I could “buy back” many of these jobs and bring them home to the good ol’ USA.

And if there’s one thing the DOE does consistently, it’s hand out subsidies. Ten thousand of these jobs would presumably run something like $260 million. Of course, we don’t have $260 million, but then we didn’t have that $1.9 billion either.







2 comments

  1. Jeff Brokaw »

    25 August 2010 · 12:06 pm

    “Green jobs: they’re green because they cost so damn much to create!”

    Not quite what the label meant originally, but hey, this fits even better.

  2. Jeff Brokaw »

    25 August 2010 · 12:17 pm

    Maybe someday we can finally throw those last few shovels of dirt on the grave of Keynesian economic theory as a way to grow an economy. ‘Cuz that dude is definitely “D-E-D dead” out here in the real world, where results matter, and you can’t just create demand by supplying a good or service that few people need or want. That world. The one we *live* in.

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