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Wednesday, May 27, 2009
Tony Blankley :: Townhall.com Columnist
Economic Reality of 5 Million Green Jobs
by Tony Blankley
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Despite expensive and extensive green-job policies, a surprisingly low number of jobs were created. And about two-thirds of those "green" jobs were just to set up the energy source, in construction, fabrication, installation, marketing and administration. Only 10 percent of the green jobs created were permanent jobs actually operating and maintaining the renewable sources of energy.

Each wind industry job created in Spain required a subsidy of about $1.4 million. Overall, the average subsidy cost for each green job was about $800,000 (571,138 euros). And to create about 50,000 green jobs, Spain lost 110,000 jobs elsewhere in the economy, principally in metallurgy, nonmetallic mining and food processing and in the beverage and tobacco industries.

Each green megawatt brought on line destroyed 5.28 jobs elsewhere in the economy (8.99 by photovoltaics, 4.27 by wind energy and 5.05 by mini-hydropower). The total higher energy cost -- the higher cost of renewable energy over the market price of carbon-based energy -- between 2000 and 2008 was about $10 billion. Moreover, the report concluded, "These costs do not appear to be unique to Spain's approach but instead are largely inherent in schemes to promote renewable energy sources."

The high cost of green energy predictably drove energy-intensive Spanish companies and industries out of Spain to countries with cheaper carbon-based energy, while the cost to Spanish taxpayers of renewable-energy subsidies was "enormous … 4.35 percent of all (value-added taxes) collected, 3.45 percent of the household income tax, or 5.6 percent of the corporate income tax."

There is much more in the report, which at about 50 pages in length would make useful reading for our elected representatives. Those who are worried about global warming may, after studying this report, still want to subsidize renewable-energy production. But it will be hard for such people to honestly continue to believe that they can think they are addressing global warming while creating millions of net new jobs.

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About The Author
Tony Blankley served as press secretary to then Speaker of the U.S. House of Representatives, Newt Gingrich. Tony Blankley is the author of The West's Last Chance: Will We Win the Clash of Civilizations? .
 
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©Creators Syndicate
Economic idiocy or malice
Sometimes I'm glad I'm not an economist--not because someone called economics "the dismal science," and not because the world of economic prediction is so perilous, but because of the reason Mark Twain was glad he was not a medical doctor. He pitied doctors, he said, because they inevitably had to see people as hotbeds of disease and couldn't really appreciate even the most attractive person's beauty (see Life on the Mississippi, early on).

I pity economists because if I were one (especially a competent conservative one) I would probably be far more depressed than I am about the probable effects of the government takeover of entities the government doesn't have a ghost of a chance of running effectively.

Walter Williams explains the problem in a Feb. 18 article (still available via his archive here), and it rings so true even for a non-economist like me that every time i think about it, and about what President Obama and his Democrat majority in Congress are doing, I shake my head at the combination of arrogance and either ignorance or willful malevolence that characterizes their efforts to change our entire economic system.

Williams writes, "The idea that even the brightest person or group of bright people, much less the U.S. Congress, can wisely manage an economy has to be the height of arrogance and conceit. Why? It is impossible for anyone to possess the knowledge that would be necessary for such an undertaking." Williams goes on to prove his point with examples so clear that any fifth grader could understand them, if that fifth grader's mind wasn't too much clouded by government propaganda.

It is so much easier to destroy than to create. Every terrorist knows this and revels in it. What are this President and this congress really trying to do?

If we can't run dims out on a rail
Over this climate change scam then we just don't have the brainpower in the majority of our electorate. I don't believe that because we had over 57 million vote against it and there are many remorseful buyers out there from VA, NC, OH, CO, MN and FL districts that carried these losers into power. Our jobs and our livelihood are at stake here folks. Go to a Tea Party on July 4 and get organized.

I thought I was in good shape here in Texas but I see Cornyn is wimping out on this Sotomayor thing. He will hear the wrath. My gosh he just got elected and has six years till he worries about elections. That's what were up against. Decent conservatives that have a problem fighting back.
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