Even if you add in all possible “indirect” jobs that could be attributed to this subsidy flurry, it still works out to $1.63 million in subsidies per job created, according to the report.
Just to be clear, this isn’t some taxpayers federation or Republican Party group writing this scathing review. This is the US government itself.
That $9 billion was taxpayers’ money – wrung out of the hides of Americans with real jobs. Or, to be more accurate, it was borrowed by Obama, from the Chinese government, and will hang around the neck of taxpaying Americans like an unpaid $9-billion credit card debt.
How many jobs will that kill?