Consider these examples, courtesy of a recent report from The Watchdog Institute:
Eurus Energy America, a subsidiary of a Japanese-owned firm, received $91 million in “stimulus” funds and created only 300 to 400 temporary construction jobs. Permanent jobs created? Less than a dozen.
EnXco, a French-owned firm, received $69.5 million in “stimulus” funds and yet produced only 200 construction jobs and “about a dozen” permanent positions.
A-Power, a Chinese-owned firm, is in line to receive nearly $450 million in “stimulus” funds – for a project that will create thousands of Chinese jobs but only a few dozen American positions.
Cannon Power Group, an American-owned firm, received $19 million in “stimulus” funds but spend most of that on German-made turbines. So far they have created fewer than 300 construction jobs and “20 to 30” permanent positions. Cannon is in line to receive another $150 million in “stimulus” funds, by the way.
In case the trend isn’t clear, America’s massive investment in “Green Jobs” has been a colossal, costly failure – unless you’re looking for work overseas. For all the promises of the Obama administration, here at home these taxpayers billions have amounted to little more than a few thousand temporary construction positions and a few hundred management jobs.
In fact, there’s a good chance that the government employees hired to promote “Green Jobs” outnumber the actual permanent “Green Jobs” created. However you do the math, these positions are obviously a mere drop in the bucket compared to U.S. job losses in the wind manufacturing segment of the energy economy alone, to say nothing of the millions of lost jobs nationwide.
Worse still, the lunacy isn’t stopping. We are continuing to pour hundreds of millions of dollars into this failed framework, which uses American sweat to create permanent positions (and profit) for foreign companies.
Frankly, it’s time for Obama to come clean on the “Green Jobs” scam – and to explain why his so-called “transparent and accountable” administration didn’t catch it sooner.