Who could forget the $5 billion in Obama administration stimulus money that was going to rapidly create nearly 90,000 green jobs across the country in these tough economic times and make so many thousands of homes all snuggy and warm and energy-efficient these very snowy days?
Well, a new report due out this morning will show the $5-billion program is so riddled with drafts that so far it's weatherized only about 9,000 homes.
Based on the initial Obama-Biden program promise that it would create 87,000 new jobs its first year, that would be about 10 jobs for each home weatherized so far. Makes for pretty crowded doorways.
ABC News reports that the General Accountability Office will declare today that the Energy Department has fallen woefully behind -- about 98.5% behind -- the 593,000 homes it initially predicted would be weatherized in the Recovery Act's very first, very chilly year.
The Energy Department is run by Steven Chu, like President Obama a Nobel Prize winner. You'll never guess what the federal government blames for the lack of significant progress.
The Energy folks did tell ABC they've so far spent 522-million Recovery Act dollars on the program. So, let's see, about 9,100 homes divided into that chunk of stimulation change to believe in is -- gee! -- about $57,362 worth of very expensive weatherstripping for each home fixed up so far.
Seems believable for a federal program.