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Here Comes Another Multi-Billion-Dollar Green Jobs Boondoggle
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Gird your loins.

The latest job numbers are out and they’re worse than expected.

Which means it’s time for another White House green jobs boondoggle campaign:

The White House pitched Friday’s jobless report as the start to stabilization while President Barack Obama planned to push for another $5 billion to help create much-needed jobs.

Obama planned an afternoon event to announce more government spending to create tens of thousands of green jobs as the nation is weighed down by an unemployment rate stuck at 10 percent. He also was expected to reiterate the administration’s call for an additional $5 billion in spending for clean energy manufacturing.

Last month, Vice President Joe Biden first proposed that expansion of the clean technology program, which would require Congress to act.

As I noted yesterday, “Green Jobs” really should be called “Purple Jobs” — for the SEIU and Big Labor beneficiaries of the enviro-slush fund.

A reminder of what the green jobs black hole cost Spain:

Every “green job” created with government money in Spain over the last eight years came at the cost of 2.2 regular jobs, and only one in 10 of the newly created green jobs became a permanent job, says a new study released this month. The study draws parallels with the green jobs programs of the Obama administration.

President Obama, in fact, has used Spain’s green initiative as a blueprint for how the United States should use federal funds to stimulate the economy. Obama’s economic stimulus package,which Congress passed in February, allocates billions of dollars to the green jobs industry.

But the author of the study, Dr. Gabriel Calzada, an economics professor at Juan Carlos University in Madrid, said the United States should expect results similar to those in Spain:

“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,” wrote Calzada in his report: Study of the Effects on Employment of Public Aid to Renewable Energy Sources.

(Republished from MichelleMalkin.com by permission of author or representative)
 
• Category: Ideology • Tags: Enviro-nitwits, Fiscal Stimulus, SEIU