But the green economy looks like a lot of green for the well-connected. The president handed $150 million in stimulus money over to Korean CEO Peter Bahnsuk Kim of LG Chem. LG Chem is an $11 billion Korean conglomerate that hardly seems a candidate for the American Recovery Act. No wonder the program is so unpopular. Accompanying Obama was Governor Jennifer Granholm - Obama praised her as “one of the best governors in America” even as she presides over the nation’s second highest unemployment rate – who has been complaining that Washington Republicans are denying her the $500 million in stimulus money she needs to plug Michigan’s Medicaid budget hole. So here she was in West Michigan celebrating $150 million for Corporate Korea. Huh?
Obama touts spending $150,000,000 to create 300 jobs, Avg $500,000 per job or 27,000,000 million jobs total in the US if that model was applied to the country as a whole