$17 million per permanent 'green job' taken from US taxpayer by Obama in award to Spanish solar company

• 7/3, Bloomberg: "Abengoa, Abound, to get $1.85 billion in US Solar Project Loan Guarantees"

"Abengoa Solar, a unit of the Seville, Spain-based engineering company, will receive a $1.45 billion loan guarantee to build a solar-power plant in Arizona that will create 1,600 construction jobs and

• 85 permanent jobs,

according to White House documents released in conjunction with Obama’s address....

• Said Obama, "it’s good news that we’ve attracted a company to our shores to build a plant and create jobs right here in America,” he said."...

85 jobs wouldn't help Africa, nor will it help the US:

• 5/26/09, "Aid Ironies: A Response to Jeffrey Sachs," Huffington Post, by Dambisa Moyo
  
• Jeffrey Sachs' plan of pouring western money in won't help:

"Mr Sachs knows this; how do I know? He taught me while I was studying at Harvard, during which he propounded the view that the path to long-term development would

• only be achieved through private sector involvement and free market solutions.

Perhaps what I had not gleaned at that time was that Mr. Sachs' development approach was made for countries such as Russia, Poland and Bolivia, whereas the aid- dependency approach, with

• no accompanying job creation, was reserved for Africa.

Mr. Sachs chooses to ignore that relying on aid at a time when the

• United States is facing 10 percent unemployment rate and Germany (another leading donor) could contract by as much as 6 percent,
  

• is a fool hardy strategy.
  

The aid interventions that Mr. Sachs lauds as evidence of success are merely

• band aid solutions that
  

do nothing to lift Africa out of the mire -- leaving the continent alive but half drowning, still

• unable to climb out on its own."...

No country can be lifted out of the mire without its own thriving economy. In the case of Obama awarding a Spanish company $1.45 billion, the US taxpayer is paying for the whole thing and only getting 85 permanent jobs. ed.