"President Barack Obama on Thursday toured a vehicle battery plant in Michigan, touting his administration’s focus on green technology and jobs, at a corporation where federal money authorized by the economic stimulus law that Obama signed at the beginning of his presidency had created "green" jobs at a cost of about $2 million in federal subsidies per job.
The economic stimulus, the American Recovery and Reinvestment Act of 2009, provided $2.4 billion in grants to advanced vehicle batteries technology. From that amount, $300 million in grants went to Johnson Controls to manufacture batteries.
According to the White House, thus far the firm has added 150 jobs because of the grant. That means the government spent about $2 million per job, but only if no more jobs are added."
[CNS]
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