Monday, April 13, 2009

Green Stimulus Money Costs More Jobs Than It Creates

The example of Spain's "green job" plan touted by Obama as an example to be emulated here, is not coming up roses...
From CNSNews:

"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. (more)

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