In $246,000 Per Obama Job, we took a quick look at some of the supposed “jobs” being created by the American Recovery and Reinvestment Act and how much money is being wasted in the process.
This month, Senators John McCain and Tom Coburn released the Stimulus Checkup: A closer look at 100 projects funded by the American Recovery and Reinvestment Act.
We’ve listed the first five projects below and refer users to Mike Shedlock’s Global Economics Analysis Blog for a quick review of some more of the 100 Ridiculous Projects, as well as some of Mish’s commentary. For even more detailed information on each project, check out the link above directly to Senator McCain’s report.
1. â€œAlmost Emptyâ€ Mall Awarded Energy Grant ($5 million)
The Department of Energy has announced an award for up to $5 million6 to install a geothermal energy system capable of heating an â€•almost emptyâ€– mall in Oak Ridge, Tennessee.
2. Renovations for Federal Building as Expensive as New Building ($133 million)
Taxpayers in Oregon may be surprised to learn that the largest stimulus project in their state is not a new road or bridge, but a $133 million makeover for the federal building in downtown Portland. The money will go toward â€•greening the Edith Green/Wendell Wyatt Federal Building in the hope of making it a model for energy efficient government offices in the Northwest. That said, for $133 million some may wonder why they did not simply tear it down and start over.
Agency officials expect to construct a type of vegetative skinâ€”made of plantsâ€”on the exterior of the building, to help with heating and cooling costs.
In 2007, a new federal building was constructed in downtown San Francisco with similar state-of-the-art energy efficiency features for $144 millionâ€”nearly the same cost to merely renovate the Portland Federal Building. Both buildings are eighteen stories tall, built with energy efficient technologies, and house federal agency offices. The major difference is that the San Francisco building is much larger, with an additional 100,000 usable square feet in comparison with its counterpart in Portland.
3. DTV Advertising Agency Generates Three Jobs ($5.9 million)
An advertising agency that ultimately reported little job creation received a multi-million dollar contract to help the government overcome a poorly managed transition to digital television, only to report three jobs created.
4. Research to Develop Supersonic Corporate Jets ($4.7 Million)
Lockheed Martin will receive a total of more than $21 million in federal moneyâ€”with $4.7 million funded through the American Recovery and Reinvestment Actâ€”from the National Aeronautics and Space Administration (NASA) to advance research for supersonic jet travel. High ticket costs, fuel-guzzling and the infamous sonic â€•boom helped doom commercial supersonic travel in the past; the last Concorde jet flew in 2003.
5. Water Pipeline to a Money-Losing Golf Course ($2.2 million)
A $2.2 million stimulus grant will help pay for new pipes to pump recycled water to the Sharp Park Golf Course in San Francisco, California. Unfortunately, the golf course may not exist for much longer. The City Council is considering closing the public course over concerns for the California red-legged frog and the San Francisco garter snake that live in the area.
Wouldn’t letting Americans keep their money be more stimulating to the free market then letting these clowns in DC go on a spending spree?Â Seriously, if they’re just going to print and flush, why not take a shot at letting us do what we want with the money instead of taking it out of our pockets and blowing it on non-stimulating, unsustainable, unproductive jobs?
Hat tip to Rick Blaine for the heads up on this report.