Skip to comments.The Cost of Wind-Energy Jobs:“Industry creates jobs” argument is the last refuge of a subsidy seeker
Posted on 09/17/2012 5:12:12 AM PDT by bestintxas
Proponents of wind-energy projects frequently claim that wind is free. That may be true, but creating jobs in the wind-energy business is a very expensive proposition.
The battle over the federal production tax credit (PTC) for wind, which amounts to 2.2 cents per kilowatt-hour and expires at the end of the year, is heating up. Last month, the Senate Finance Committee approved a plan to extend the PTC. Republican nominee Mitt Romney has said that, if elected, he will let the credit expire. President Obama wants to extend it: Last week, in a speech at the Democratic National Convention, he declared that thousands of Americans have jobs today building wind turbines.
How expensive are these jobs? Lets look at the numbers. The American Wind Energy Association (AWEA) has repeatedly claimed that if the PTC isnt extended, 37,000 wind-related jobs will be lost. Now consider the figures from the Joint Committee on Taxation, the non-partisan congressional entity established in 1926 that assists legislators on tax-related matters. Their number crunchers put the cost of extending the PTC at $12.18 billion from 2013 to 2022. Divide that figure by the 37,000 jobs claimed by AWEA, and you get $329,000 per job.
(Excerpt) Read more at nationalreview.com ...
It is a lie that this is American-made, just like it is a lie that our President is also.
The old socialist model:
Wait until the private sector has built a successful enterprise - then take it over or destroy it with regulation:
i.e. Auto Industry. Health insurance. Natural gas, oil and coal. Housing industry (buy up distressed mortgages and rent out houses as HUD properties). Food - food subsidies & food stamps.
Soon - the Federal and State governments will own everything.
Who ever wrote this article is trying to spin worthless wind mills into a viable asset.
The guy must work for GE. GE makes money selling their wind generators and then selling the quick start combustion turbines to back them up.
The Author gets my vote for “Crock” of the year.
Did you and I read the same article? The author cites numbers that make the opposite case.