Thursday, May 28, 2009

Full of baloney, ain't he?

Obama’s European Energy Vacation:
"Turns out there really is a downside to forcing the marketplace to shift to energy sources that are less economical than those currently used. Spain, which instituted a green jobs program a decade ago, found this out the hard way. A study by researchers at King Juan Carlos University found that 2.2 jobs were destroyed for every green job created through government mechanisms, and those green jobs are rarely permanent. Obama has touted the Spanish experience as a model for the United States, but the study’s authors deem those policies “terribly economically counterproductive.” Simply put, they wrote, “the Spanish/EU-style ‘green jobs’ agenda now being promoted in the U.S. in fact destroys jobs.”"

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