The Big O has often used Spain as an example of how a nation can use federal funds to stimulate the economy through green initiatives.
Don't see anything wrong with that plan? Maybe the Great One should have actually looked at the result of these projects before committing to them. Gabriel Calzada Alvarez, PhD, a researcher from the Universidad Rey Juan Carlos, has issued a report entitled, "Study of the Effects on Employment of Public Aid to Renewable Energy sources," that identifies the green projects that Spain has undertaken, and their economic consequences. Even if you only read the table of contents, you get a great idea of how successful their green initiatives have been. My favorite quote? Here you go (emphasis mine).
Think of what’s happening in countries like Spain, Germany and Japan, where they’re making real investments in renewable energy. They’re surging ahead of us, poised to take the lead in these new industries.
Their governments have harnessed their people’s hard work and ingenuity with bold investments — investments that are paying off in good, high-wage jobs — jobs they won’t lose to other countries. There is no reason we can’t do the same thing right here in America...In the process, we’ll put nearly half a million people to work building wind turbines and solar panels; constructing fuel-efficient cars and buildings; and developing the new energy technologies that will lead to new jobs, more savings, and a cleaner, safer planet in the bargain.
Yup. Sounds like a great model. I'll bet the Obamanation was as thorough in researching this hair-brained ideas as they were in vetting so many cabinet-level candidates. Calzada goes on to say,
Thus, on average, the subsidized green job destroys the resources required to have created 2.2 jobs in the economy.
Consequently, through the use of both methods [two different calculations] we have reached a similar conclusion: for every green job, we can be highly confident that 2.2 jobs are destroyed elsewhere in the economy [or about 9 jobs destroyed for every 4 created], to which we have to add those jobs that the non-subsidized investment would have created.
But what does a Spaniard know about the environment and economic progress? We should ask American who specializes in these things, like Pat Michaels, professor of environmental sciences at the University of Virginia and senior fellow in environmental studies at the CATO Institute. What's that? We already did? He said that he was not surprised with the findings, and that we should expect similar results here.
The study’s results show how such ‘green jobs’ policy clearly hinders Spain’s way out of the current economic crisis, even while U.S. politicians insist that rushing into such a scheme will ease their own emergence from the turmoil.
But for the Obamanation, it has never actually been about benefiting Americans. Instead, it has always been about ramming the progressive, liberal, left-wing agenda down our throats while assuring us that this is really what we want (remember, you should never waste a good crisis!). Besides, those kooks over at the CATO Institute are just a bunch of Right-Wing Extremists, anyway. Off with their heads!