Friday, September 17, 2010

Go Green!

...is a cheer for the MSU Spartans, not an economic policy.  

If government were capable of predicting which investments would produce jobs they would also be capable of predicting which tax regime would always produce a surplus without damage to economic growth.

“…Funny Numbers They Pull Out of Their Backside”

The fact that the numbers are bogus doesn't stop unions from whining, about stimulus-exported "green jobs" however: 'Green' jobs no longer golden in stimulus

The Department of Energy estimated that 82,000 [?] jobs have been created and has acknowledged that as much as 80 percent of some green programs, including $2.3 billion of manufacturing tax credits, went to foreign firms that employed workers primarily in countries including China, South Korea and Spain, rather than in the United States.

Peter Morici, a business professor at the University of Maryland, said much of the green stimulus funding was "squandered."

"Large grants to build green buildings don't generate many new jobs, except for a few architects," he said. "Subsidies for windmills and solar panels created lots of jobs in China," but few at home.

In one of several embarrassing disclosures for the administration, a report last fall by American University's Investigative Reporting Workshop found that 11 U.S. wind farms used their grants to purchase 695 out of 982 wind turbines from overseas suppliers...

In a trade complaint against China on Thursday, the United Steelworkers union charged that Beijing is trying to corner the market on green jobs by showering billions of dollars of subsidies on domestic producers and discriminating against foreign firms and goods.
The irony of this complaint, while we're subsidizing ethanol, windmills and batteries to the tune of billions, appears lost on the USW.

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