Energy Obamanomics: No green jobs and plenty of red ink

The Washington Times reports:

It wasn’t enough to preside over the first-ever downgrade of America’s credit rating. Now the Obama administration is downgrading America’s energy supply as well. “We’ll invest $15 billion a year over the next decade in renewable energy, creating five million new green jobs that pay well, can’t be outsourced and help end our dependence on foreign oil,” candidate Barack Obama promised in the fall of 2008. But why stop there? Why not claim that you can heal the planet - whatever that means - and control the ocean levels too? Oh yeah, he did.

Let’s start at the beginning. America’s energy policy should center around the obvious: supplying Americans with affordable and reliable energy. File that under D for “duh.” Instead, it has been hijacked by those with ulterior motives ranging from slaying the mythical man-made-global-warming monster to scoring political points against “Big Oil” to creating phony jobs programs. So, how well have President Obama’s “green jobs” initiatives fared?

The president recently toured Johnson Controls Inc., a Michigan company that received $300 million from “Obama’s stash” to create - drumroll, please - a whopping 150 jobs. Do the math: That’s $2 million per green job. And this is the company the White House chooses to showcase? Evergreen Solar, a Massachusetts company, also received stimulus money, but the White House that is “the most open and transparent in history” won’t say how much, only that Evergreen is “hoping to hire 90 to 100 people.” Instead, it declared bankruptcy and shipped 800 jobs overseas. Well, so much for green jobs.

This might be one of the biggest scams in U.S. history.