An Ol' Broad's Ramblings
The green energy sales pitch is basic to President Obama’s President Obama’s re-election campaign. Environmentalists favor it.
The justification is more jobs. But here is reality: only about 16,000 new jobs have been created. That is $5.6 million per job.
This is not highlighted in his campaign literature.
The bankruptcy of Solyndra got a lot of unexpected negative publicity. But it was soon swept under the rug.
In 2008, he said: “We can invest $15 billion a year in renewable sources of energy … to create 5 million new jobs, new energy jobs, all across [the] country, jobs that pay well, jobs that can’t be outsourced.”
The number of new jobs is not impressive.
Then there is the decline in wind energy jobs. One estimate is 10,000 jobs lost since 2009. Of course, without government subsidies and tax breaks, the industry would be unblowin’ in the wind.
There were supposed to be 200,000 new energy-related jobs from the $90 billion invested (squandered). That would have been $400,000 per job. Still too expensive, in my view.
If you want to see a 44-page piece of puffery from the White House on the benefits of this expenditure, click here.
From day one, Obama talked a big game. Problem is, he’s never had the walk to back it up. Then he discovered, what he considered an unlimited amount of funds. The problem? It wasn’t HIS pile of cash. That cash belonged to us, but that’s ok, since he was risking nothing. He’s all about OPP….or in this case….OPM!
Since the Obama campaign isn’t pointing out his massive failures, it’s up to us, you and me, to make sure people are aware of his major short comings. One of which, is a total lack of common sense. On the other hand, I’m fairly sure he knew exactly what he was doing, he just doesn’t care that he has sunk this country into an unprecedented amount of debt, more than the past five presidents….combined…including the man who apparently is his nemesis, George W. Bush. You remember him? He’s the one Obama blames for EVERYTHING, including natural disasters and hangnails.