Perhaps Obambi’s biggest lie is that restructuring the energy economy around the inefficiency of non-carbon resources is going to create wealth. Some facts from our friends the Spaniards:
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The U.S. can expect 2.2 jobs to be destroyed for every 1 renewable job financed by the government.
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Only 1 in 10 of the jobs actually created through green investment is permanent.
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Since 2000, Spain has spent €571,138 ($753,778) to create each “green job,” including subsidies of more than €1 million ($1,319,783) per wind industry job. Those programs resulted in the destruction of nearly 113,000 jobs elsewhere in the economy.
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Each “green” megawatt installed destroyed 5.39 jobs in non-energy sectors of the Spanish economy.
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Consumer energy costs in Spain would have to be increased 31 percent to repay the debt generated by the green jobs subsidies.
