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This study is important for several reasons. First is that the Spanish experience is
considered a leading example to be followed by many policy advocates and politicians.
Including the Obama team.
Quote:
This study marks the very first time a critical analysis of the actual performance and
impact has been made. Most important, it demonstrates that the Spanish/EU-style
“green jobs” agenda now being promoted in the U.S. in fact destroys jobs, detailing this
in terms of jobs destroyed per job created and the net destruction per installed MW.
Quote:
The following are key points from the study:
1. As President Obama correctly remarked, Spain provides a reference for the
establishment of government aid to renewable energy. No other country has
given such broad support to the construction and production of electricity
through renewable sources. The arguments for Spain’s and Europe’s “green
jobs” schemes are the same arguments now made in the U.S., principally that
massive public support would produce large numbers of green jobs. The
question that this paper answers is “at what price?”
2. Optimistically treating European Commission partially funded data1, we find
that for every renewable energy job that the State manages to finance, 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.
They mise well have not vetted this "Timothy Geithner" idea either... Keynesian economics 101.... The goal at the end of the euphoric spending should result in greater economic prosperity.
Each “green” megawatt installed destroys 5.28 jobs on average elsewhere in the
economy: 8.99 by photovoltaics, 4.27 by wind energy, 5.05 by mini-hydro.
Are you saying we should keep burning filthy coal because its provides lots of make-work jobs for Americans? That would be very protectionist and Democratic of you.
Are you saying we should keep burning filthy coal because its provides lots of make-work jobs for Americans? That would be very protectionist and Democratic of you.
No Mike, what is being said is that although green tech IS something we need to invest, killing the cow that feeds everyone WHILE we're still trying to get green affordable is downright stupid. Cap and trade transition plan is shooting ourselves in the foot with a 5 million dollar gun and a 500 dollar bullet taxpayers are forced to purchase to 'save them'.
Are you saying we should keep burning filthy coal because its provides lots of make-work jobs for Americans? That would be very protectionist and Democratic of you.
The role model Obama is using is saying it, not me. Although It would seem obvious on the surface, anything government steps in they create jobs for itself but while losing more net jobs in the private sector. What companies can compete with a company with unlimited funds. That's why government should stick to things like military, space exploration..etc. As soon as it tries to become a quasi motivator of the private sector things like Fannie, Freddie, Gennie and Indymac happen. All really successful entities on paper, not so much in real life.
Was that not Obama's "hope and dream"? Will he move full steam ahead? Who so quite? I mean we as Americans should be screaming loud if we are about to follow a losing path. Almost $10 trillion is obligated and if we get this wrong there will be no paying back $20 trillion in debt without massive inflation. Is this one of those he's my president so I got lock, stock and barrel with him?
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