Jeffry Eisenach and Kevin Caves of Navigant Economics, a financial and economic analysis and consulting firm looked at the results of Obama's rural broadband expansion efforts. The results aren't very pretty.
The Navigant analysts evaluated programs in three areas: Southwestern Montana, Northwestern Kansas, and Northern Minnesota that received Stimulus funds to extend broadband access to homes currently lacking service.
According to their report, it cost on average $349,234 per household.
Eisenach and Caves found that if 3G wireless was included, only seven households in the entire region could be considered to be without any option for access. Thus, the cost to extend access to those seven homes was about $7 million each.