$40 Million to Create 3 “Green” Jobs?

by ~ The Rebel ~ Posted 2012/06/27 15:48:47

Related Topics: Securities And Exchange Commission, 2008, Market, New Hampshire, Bernie Madoff, Green Energy, Government, Money, Job

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If a green energy company is given $40 million by the government to create jobs, and a total of three jobs are created, 2008 to the present, what should the government do about this?

The Department of Energy knows: provide another $80 million. Department of Energy officials have made available this money for a New Hampshire company. The company

The company had promised to create 70 jobs for this $40 million subsidy. What a deal! But it failed to deliver.

There were warning signs. Here was one. The company is required by law to file a report with the Securities and Exchange Commission, the federal bureaucraccy that regulated Bernie Madoff. In its SEC filing, the company admitted that it has “no experience in the markets in which we intend to operate.”

Nevertheless, the DOE signed an $80 million cooperative agreement with the firm in December, 2011.

will 2012/06/28 13:41:13

+1
13 million per person best payed employees ever

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kir 2012/06/27 16:04:27

+1
That's great! I bet that's the cheapest job the government has created recently. Anyway, in all honesty--it's obvious that the best way to create jobs is by allowing small businesses do what they need to do.

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