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Obama's green stimulus will cost jobs - study
American Thinker ^ | March 27, 2009 | Rick Moran

Posted on 03/27/2009 5:35:07 PM PDT by neverdem

Aren't windmills pretty? And don't you think solar panels are cool?

Even if they are, the problem with pushing those technologies is that for every one job created, an industrialized country like the US would lose two more:

For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid.

U.S. President Barack Obama’s 2010 budget proposal contains about $20 billion in tax incentives for clean-energy programs. In Spain, where wind turbines provided 11 percent of power demand last year, generators earn rates as much as 11 times more for renewable energy compared with burning fossil fuels.

The premiums paid for solar, biomass, wave and wind power - - which are charged to consumers in their bills -- translated into a $774,000 cost for each Spanish “green job” created since 2000, said Gabriel Calzada, an economics professor at the university and author of the report.

“The loss of jobs could be greater if you account for the amount of lost industry that moves out of the country due to higher energy prices,” he said in an interview.

So for every worker hired to build a windmill or install a solar panel, 2 poor schmucks in some other manufacturing industry will get a pink slip.

Now that's what I call "reform."




TOPICS: Business/Economy; Culture/Society; Extended News; Politics/Elections
KEYWORDS: greenenergy; greenjobs; greenstimulus; obama
I would have posted from the original source, but it's bloomberg.com.
1 posted on 03/27/2009 5:35:08 PM PDT by neverdem
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To: neverdem

BO and his fellow socialists want people unemployed to collapse the economy making people dependent on the government.


2 posted on 03/27/2009 5:39:56 PM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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To: neverdem

Well... it is CHANGE. ;-}


3 posted on 03/27/2009 5:41:16 PM PDT by ataDude (My incredulity has already turned into disillusionment and is now turning into hatred.)
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To: neverdem
I just posted on this from some information I received from a friend at the American Petroleum Institute at my little blog site.

Obama Misses The Boat on Energy and Recovery

Nothing in this proposal of B HO's will help out America and will end doing just the opposite.

4 posted on 03/27/2009 6:23:10 PM PDT by DakotaRed (Don't you wish you had supported a conservative when you had the chance?)
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To: Man50D
Every proposal for offshore drilling says "with strict environmental controls" but none of the "green" projects will have "strict PORK control!"


5 posted on 03/27/2009 7:54:43 PM PDT by ding_dong_daddy_from_dumas (Obama's multi- trillion dollar agenda would be a "man caused disaster")
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To: DakotaRed

Thanks for the link.


6 posted on 03/27/2009 7:57:18 PM PDT by neverdem (Xin loi minh oi)
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