Posted on 10/31/2014 1:36:50 PM PDT by Oldeconomybuyer
While campaigning for election to his first term, President Barack Obama promised to create 5 million green jobs in 10 years. Once in office, he maneuvered Congress into passing the American Recovery and Reinvestment Act (ARRA) of 2009, a $840-billion spending spree that included about $90 billion for energy and, of course, green jobs. Results have not been spectacular. In fact, they testify to core problems of governmental profligacy.
The expenditure of public money on green jobs, politically defined, has not lived up to its marketing as an unemployment cure. It has, in fact, failed. The DOE web site now features conservation and clean energy without any hoopla about green jobs, which the BLS, of course, has quit counting.
When questions arise about the economics of replacing commercial energy with costlier alternatives, however, green employment usually laces official answers, as though governments create jobs merely by spending money.
(Excerpt) Read more at ogj.com ...
It wasn’t about the erf...
It was about liberals feeling self-righteous for caring about the erf.
And, it was about giving FOB’s taxpayer money.
And, it was about increasing energy prices to intentionally hurt people.
Remember companies do not create jobs!
The only “green” that were created by the stimulus and all that sort of BS was the shuffling behind the scenes of much green money to DIMs/LIBs. ...and just why hasn’t one of these corrupt slobs been prosecuted?
There are discussions of where the trillion dollar stimulus of 2008 went.
A large chunk went to bail out banks, in essence preventing deflation.
Another large chunk went to green energy/renewables, building massively over-priced wind farms, solar panel factories, etc, all in the name of “infrastructure” and shovel ready jobs. It evaporated in a maze of corruption and useless products, whereas we still need bridges fixed, sewers repaired, etc.
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