Obama: Investments in energy sector to create 700,000 jobs.

[atlaw4u]

Obama has called for 1 million plug-in vehicles on the roads by 2015.

David Shepardson - DETROITNEWS - July 8, 2010

President Barack Obama said he expects the government's investments in energy programs to create 700,000 jobs over the next few years.

Today, Obama toured Smith Electric Vehicles, a producer of commercial delivery trucks in Kansas City, Mo., that operates out of a shuttered jet engine plant. The company -- which just hired its 50th worker -- is among those that received $2.4 billion in cash grants to boost electric vehicle and battery research last August.

"One of those decisions was to provide critical funding to promising, innovative businesses like Smith Electric. And because we did, there is a thriving enterprise here instead of an empty, darkened warehouse," Obama said, according to a copy of his remarks provided by the White House. "Because of the grant that went to this company, we can hear the sounds of machines humming and people doing their jobs instead of the quiet of an empty building where the workers were laid off long ago." ... [Read More]

[Butterfly Mage]

I'll believe it when I see it. Thus far, none of Obama's hugely expensive endeavors have created any jobs at all.

[JusBringIt]

Originally Posted by Butterfly Mage

I'll believe it when I see it. Thus far, none of Obama's hugely expensive endeavors have created any jobs at all.

Ok Let's have a light debate. I figured you would take this one on. This thread has to do with the energy policy, not the politics as you seem to be taking it towards, so let's get it out of the way.

To what "hugely expensive endeavors" are you referring? This would be completely subjective and being such a broad assumption, please show that you are not just trying to make a political hijack of the news info.

[booferama]

BM, if you're referring to the stimulus package, it did produce jobs.

[Chuck]

A decade ago, there was talk the internet would bring a .com boom....no overnight boom, but a trickle of new jobs (with too much offshoring )

Alt Energy jobs are probably in the slow-cook mode.

[worthywads]

Originally Posted by booferama

BM, if you're referring to the stimulus package, it did produce jobs.

By that analysis it is only costing between $315,000 and $473,000 per job created.

If that's a good investment I can imagine the 700,000 energy sector jobs aren't gonna be sustainable either.

[JusBringIt]

Originally Posted by worthywads

By that analysis it is only costing between $315,000 and $473,000 per job created.

If that's a good investment I can imagine the 700,000 energy sector jobs aren't gonna be sustainable either.

This statement doesn't take into account the overall effect on the economy had those 2.5 million jobs been lost. Additionally, not all that money has been spent to date. Getting loans would be practically impossible even with a good credit score. It wouldn't even be the scores that matter but the availability of funds.

[worthywads]

Originally Posted by JusBringIt

This statement doesn't take into account the overall effect on the economy had those 2.5 million jobs been lost. Additionally, not all that money has been spent to date. Getting loans would be practically impossible even with a good credit score. It wouldn't even be the scores that matter but the availability of funds.

That's why the price is varied, because they are guestimating 2.5 million jobs eventually with 1.8 million now with the money spent. So ideally it is $315,000 per job if 2.5 million is realized.

[JusBringIt]

Originally Posted by worthywads

That's why the price is varied, because they are guestimating 2.5 million jobs eventually with 1.8 million now with the money spent. So ideally it is $315,000 per job if 2.5 million is realized.

The additional economic turmoil with the loss of an additional 2.5million jobs would have a much more pronounced effect and increaseas with each increase in percentage of unemployment. More strain on less taxpayers/businesses and less sustainability/productivity due to extended/increased work hours. What I'm saying, without giving exact numbers, is that at an unemployment rate of 9%, 2.5 million jobs lost would not be the equivalent of 2.5 million jobs lost at an unemployment rate of 3-4%. The former would have a more devastating blow.

[Blackbelt]

Were these 1.8 million "jobs" created private sector jobs or government jobs?