Spain’s green jobs boondoggle

Ay caramba. Look what the green job boondoggle in Spain bodes for the porkulus green jobs here in the U.S. Confirmation of what we already knew, but extremely useful nonetheless:

Every “green job” created with government money in Spain over the last eight years came at the cost of 2.2 regular jobs, and only one in 10 of the newly created green jobs became a permanent job, says a new study released this month. The study draws parallels with the green jobs programs of the Obama administration.
President Obama, in fact, has used Spain’s green initiative as a blueprint for how the United States should use federal funds to stimulate the economy. Obama’s economic stimulus package,which Congress passed in February, allocates billions of dollars to the green jobs industry.
But the author of the study, Dr. Gabriel Calzada, an economics professor at Juan Carlos University in Madrid, said the United States should expect results similar to those in Spain:
“Spain’s experience (cited by President Obama as a model) reveals with high confidence, by two different methods, that the U.S. should expect a loss of at least 2.2 jobs on average, or about 9 jobs lost for every 4 created, to which we have to add those jobs that non-subsidized investments with the same resources would have created,” wrote Calzada in his report: Study of the Effects on Employment of Public Aid to Renewable Energy Sources.

We are going to need every damn one of us to stop this insanity. Seeing so many GOPers jumping on the GW bandwagon is revolting, to put it mildly.

The big lie. Mass hypnosis. Minds full of mashed potatoes
I like some of the eco stuff and have a garden but I know enough science not to be duped by the global warming cult

You expected anything better from Zapotero and his idiot cronies?

Spain is just about to overtake Italy as the **most** irresponsible nation, regarding sovereign debt, in Europe. Look for all of Club Med's debt ratings to move straight south over the next few months.

Ireland will take a hit, too -- but this will be due to the Franco-German refusal to admit ANY otherwise controllable inflation, rather than irresponsibility on the part of the Irish Republic (their banks should suffer, but for once the bloody government didn't really do anything amiss in order to get into their current mess). o

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