President Obama has promised that the increased development of 'green' energy will create jobs and help the economy. That's what Spain thought too. According to Ed Morrissey at Hotair.com,, Spain lost two jobs for every job created when it tried to convert to solar and wind energy. The figures come from Barcepundit (English Version). Barcepundit explains:
"For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid.
U.S. President Barack Obama's 2010 budget proposal contains about $20 billion in tax incentives for clean-energy programs. In Spain, where wind turbines provided 11 percent of power demand last year, generators earn rates as much as 11 times more for renewable energy compared with burning fossil fuels."
This is more of change we can't afford and should be stripped from the budget.
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