Friday, April 3, 2009

The utter fallacy of the creation of "Green Jobs"

Obamamessiah has consistently stated that the creation of "green jobs" will somehow offset the obvious damage that will be done by his cap-and-trade system and other measures that will make conventional energy sources more expensive. He has pointed specifically to Spain as a country whose experience with "green jobs" should be emulated.

Well let us examine this proposition. An empirical study has just been done by Dr. Gabriel Calzada of Juan Carlos University in Madrid. http://www.instituteforenergyresearch.org/2009/03/31/running-of-the-bull-us-green-jobs-rhetoric/

Let us examine a few of the more salient points.

* The U.S. can expect 2.2 jobs to be destroyed for every 1 renewable job financed by the government.
* Only 1 in 10 of the jobs actually created through green investment is permanent.
* Since 2000, Spain has spent €571,138 ($753,778) to create each "green job," including subsidies of more than €1 million ($1,319,783) per wind industry job.Those programs resulted in the destruction of nearly 113,000 jobs elsewhere in the economy.
* Each "green" megawatt installed destroyed 5.39 jobs in non-energy sectors of the Spanish economy.
* The total over-cost--the amount paid over the cost that would result from buying the electricity generated by the renewable power plants at market prices--between 2000 and 2008 amounts to 7,918.54 million Euros ($10 billion).
* The total subsidy spent and committed to these three renewable sources amounts to €28,671 million ($36 billion).
* Consumer energy costs in Spain would have to be increased 31 percent to repay the debt generated by the green jobs subsidies.

So based on these findings one must ask is our President really this dumb that he actually believes the obvious BS that he keeps on spewing about "green job" creation? Or is this part of the Rahm Emanuel line of "taking advantage of a crisis" by having the government take complete control of the American economy by deciding what kind of companies will succeed and what kind will fail through the use of massive governmental spending programs? There must be more to this because you certainly cannot make an economic case for this line of thinking based on Spain's real world experiences. Is this really "The Change" that a majority of Americans voted for?

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