Posted on 08/16/2011 5:08:15 PM PDT by Kaslin
Failed Policy: The Obama administration's jobs plan was based on a greening of the economy. But the green jobs aren't materializing, a fact driven home by the recent bankruptcy of a solar power company.
During the 2008 campaign, candidate Barack Obama said he would create 5 million well-paying "green" jobs within 10 years.
Politico has reported that "he's spent considerable time since entering the White House trying to make that happen."
Indeed he has, though there has been no payoff. Yet he refuses give up on his quixotic quest. Last week Obama toured to much fanfare a Johnson Controls plant in Michigan where $300 million in conservation grants produced 150 jobs — at a cost of $2 million per position.
Stimulus funds intended to boost the green economy haven't been well spent. The latest example of this is Monday's bankruptcy filing by Evergreen Solar Inc.
The Massachusetts company that the White House once said "is hoping to hire 90 to 100 people" thanks to stimulus money has $485.6 million in debt. Evergreen closed a factory in March, reports the Boston Herald, and cut 800 jobs. A Michigan plant is to be shut down, as well, causing the loss of even more jobs.
(Excerpt) Read more at investors.com ...
Where are all the Animal Rights activist. Obama is destroying the wild birds of america with the windmills he keeps tilt at.
But so apprapo. fighting imaginary enemies.
Only an idiot thinks paying more for less creates jobs.
“Green” energy is paying more for less. If it were really economical the government wouldn’t have to subsidize it to get people to do it.
Paying more for less simply makes us all poorer - and that’s exactly what’s happening.
Only an idiot thinks that ANY deficit speding by the overarching government is NOT stimulus; the problem at hand is WHAT stimulus and how how is it directed?
Charlie Rose interviewed Warren Buffet the other day; his responses are interesting.
OBTW: Buffet is advocating increased tax for those making > $million.
This isn’t a business cycle over production recession to stimulate.
It is a credit bubble bursting recession that can’t be stimulated with more borrowing.
Debt problems are not fixed with more debt.
Borrowing is borrowing from the future. We’ve been borrowing from the future too long and the future has arrived.
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