Monday, June 29, 2009

Will the Energy Bill Create Green Jobs and Help the Economy?

"Europe’s current policy and strategy for supporting the so-called “green jobs” or
renewable energy dates back to 1997, and has become one of the principal
justifications for U.S. “green jobs” proposals. Yet an examination of Europe’s
experience reveals these policies to be terribly economically counterproductive."

The thrust of the energy bill is to create "green jobs" per Nancy Pelosi, speaker of the house, " jobs, jobs".....not! Take a look at Spain's attempt for the past 10 years to move forward with creating green jobs and its affect on the economy.

"The administration has pointed to Spain as a shining example of this type of progressive energy policy. Spain has been massively diverting capital from the private sector into politically favored environmental projects [sound familiar?] for the better part of a decade, and many in Washington apparently like what they see. However, under no circumstances should anyone serious about economic recovery emulate an economy that is now approaching 20 percent unemployment, where every green job created, eliminated 2.2 real jobs and cost around $800,000 each!"
~Ron Paul