Pardon us, Mr. President. Here we’ve been wondering where all those “shovel-ready” jobs you keep talking about are and lo and behold we think we’ve found them!
Seattle’s KOMO News has the story:
Last year, Seattle Mayor Mike McGinn announced the city had won a coveted $20 million federal grant to invest in weatherization. The unglamorous work of insulating crawl spaces and attics had emerged as a silver bullet in a bleak economy – able to create jobs and shrink carbon footprint – and the announcement came with great fanfare.
Wow! $20 million for jobs! Fantastic! Amazing! Pathetic! Wait. Did we say pathetic? Yes, that’s exactly what we said. While this was supposed to create 2,000 jobs the reality is:
But more than a year later, Seattle’s numbers are lackluster. As of last week, only three homes had been retrofitted and just 14 new jobs have emerged from the program. Many of the jobs are administrative, and not the entry-level pathways once dreamed of for low-income workers. Some people wonder if the original goals are now achievable.
Back to those simple mathematics that seem so elusive to the Obama administration. Let’s take that $20 million and divide it by 14 jobs, which gives us a figure of $1,428,571 cost per job created.
Yes, that certainly sounds like “hope and change” to us. No hope and with spending like that, the taxpayers will get no change at all. Not even a penny.
– Written by CO2Insanity
Source: KOMO News