Promoting "green" energy as the way to create jobs is a dangerous idea. I have warned about this several times, hoping congress would have the courage to stop Obama's plan of financing "green" companies and on the other hand promising to destroy the coal industry and handicap oil and gas development.
The bankruptcy of Obama's pride, solar panel maker Solyndra, is only a small part of the waste in the program to turn America green. Of 38 billion dollars the stimulus plan had to subsidize green companies, 19 billion has been spent, creating a total of only3500 jobs. That comes to a cost of 5.4 million dollars per job. While this criminally waste was going on, the energy department, carrying out Obama's wishes, refused permits to drill in the gulf, costing thousands upon thousands of jobs. Such misguided policies are losing more and more jobs and not allowing our economy to regain its health.
No comments:
Post a Comment