The Myth of Green Energy Jobs: The European Experience

We have very clever capitalists in this country. They know where the money is and right now the green is in the green. The myth of green energy. Coupled with the same old government playas (using our tax money), we're off to the green races. Don't believe the climate scare stories or save dear Mother earth stuff--that's just window dressing. This is about who controls the next money scam. Every architectural/engineering publication that comes to our house is loaded with a tsunami of green advertising and government handouts against which the building trades are helpless--they can't get any other kind of work.

With $2.3 billion in Recovery Act tax credits allocated for green manufacturers, President Barack Obama and other Democratic politicians have high hopes for green technology. But their expectations clash with both economic theory and practical experience in Europe. Green programs in Spain destroyed 2.2 jobs for every green job created, while the capital needed for one green job in Italy could create almost five jobs in the general economy. Wind and solar power have raised household energy prices by 7.5 percent in Germany, and Denmark has the highest electricity prices in the European Union. Central planners in the United States trying to promote green industry will fare no better at creating jobs or stimulating the economy.

AEI - The Myth of Green Energy Jobs: The European Experience