Loans producing a lot fewer jobs than advertised
(NEWSER) - President Obama’s “green jobs” loan program—which recently grabbed the spotlight thanks to Solyndra's collapse —isn’t producing anything close to the 65,000 jobs promised, at least not directly. The program has already lent out half of the $38.6 billion allotted to it, but based on Energy Department data, that’s only created 3,545 permanent jobs, the Washington Post reports. “There are good reasons to create green jobs,” one Princeton economics professor says, “but they have more to do with green than with jobs.” More»
