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Green Car Loan Program Costing Taxpayers

Via Veronique de Rugy of the Mercatus Center, a chart demonstrating the incredibly amount of taxpayer money being deployed in the name of creating “green” jobs, in this case money lent to automobile manufacturers to assist them in producing electric and/or hybrid vehicles:

ATVM-Chart-2-580That’s a lot of money spent per job created. And one could argue that the number of jobs created isn’t the final judgement on the wisdom of lending this money out, but the Department of Energy recently called attention to the fact that they “created” roughly 38,000 jobs. Yet look how much money was involved in this program:

ATVM-chart-1-580That’s a lot of taxpayer money. Let’s hope it is recovered.

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