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$6 Million for Every Permanent Job

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$6 Million for Every Permanent Job

As the Energy Department moves to finalize the last remaining loan guarantees from a controversial clean-energy fund, the federal government is on pace to put up more than $6 million for every permanent job saved or created by the program.

The loan guarantees do not necessarily represent an actual government payment — they are a commitment by the government to assume debt if a company or project goes under. But in the case of Solyndra, the government ended up lending $528 million, with taxpayers on the hook in the wake of the bankruptcy.

If any company or organization in the private sector it’d be out of business, fast.  I guess that is why job creation should be left to the private sector, not the public sector.  Its less expensive on the tax payer!

Read more about government expensive failings at job creation.

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