Wednesday, February 10, 2010

Jobs saved or created-overseas

Okay folks, the President wants a "jobs" bill.  Yes, I know, that's what the Stimulus was supposed to be.  Didn't happen and now, a year later, we are back at square one.  Well, actually we're several steps back but...

If you have heard our dear leader speak, and how could you not, you probably are aware that Obama is big on "green" jobs.  I say that any bill that relies on green jobs should be opposed and here is why (warning the "emphasis added" monster has escaped):

New Wind Farms in the U.S. Do Not Bring Jobs

Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University's School of Communication in Washington, D.C.

Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.

So Where Are the Jobs?

"Most of the jobs are going overseas," said Russ Choma at the Investigative Reporting Workshop. He analyzed which foreign firms had accepted the most stimulus money. "According to our estimates, about 6,000 jobs have been created overseas, and maybe a couple hundred have been created in the U.S."
Boy, the powers that be are doing a bang up job of seeing that our money is spent wisely.  But I am being short sighted.  What are the long term effects of "green" jobs?  Let's look:

Job Losses From Obama Green Stimulus Foreseen in Spanish Study 

March 27 (Bloomberg) -- Subsidizing renewable energy in the U.S. may destroy two jobs for every one created if Spain’s experience with windmills and solar farms is any guide.

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.
"Green" jobs translates in to higher unemployment, higher energy costs and higher taxes.  If the jobs bill includes incentives for producing green jobs taxpayers might as well reach in to their wallets, pull out whatever cash they have, and flush it down the toilet.  Of course, if Republicans oppose this bill they will be portrayed as being against jobs but the American people are not nearly as stupid as the President seems to believe.  If presented with the facts the public will see this bill for what it is-another Progressive disaster waiting to happen.

Go to your Congressman's contact page and tell them that if they want to "save or create" jobs that they should stay as far away from the President's "green" jobs proposals as possible.


yukio ngaby said...

Great finds and very interesting results.

It amuses me to no end at how the American Left repeatedly try historically failed policies again and again.

Anonymous said...

One of the BIG hotels in Vegas is closing. More peons to put on the government dole.

Howzat stimulus workin' for YOU?