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!