Deepwater, in Summary
President Obama recently proposed spending $2 billion for the creation of 5100 green jobs. On government standards, that’s a very thrifty $392,156 per job — a bargain compared to the $2.2 million being proposed in Rhode Island and other coastal states where the only windy, rent-free space to build windmills is on the ocean. …
The developers claim that the state would gain $129 million through a “multiplier” effect from the money “invested,” but the CEO of the company could only testify that the project would create six permanent jobs.
The project may or may not be a fait accompli, at this point, but anybody in search of a silver lining could perhaps start a betting pool about the likelihood that Rhode Islanders will correctly recognize the source of future economic pain and, if they do, about the scapegoats that the culpable parties will find.