Filed under: Democrat Corruption, Economy, Election 2008, Energy | Tags: China, Creating Jobs Abroad, Stimulus Bill
The “Stimulus Bill” (the American Recovery and Investment Act) allocated around $2 billion to support wind power, thus promoting American energy independence while creating American jobs of the very best “green” kind.
Last October, the Investigative Reporting Workshop at American University reported that a consortium of U.S. and Chinese companies announced a deal to build a $1.5 billion wind farm in Texas, using imported Chinese turbines.
The project is expected to create some temporary construction jobs in America, but some 2,000 manufacturing jobs will be created in China. Of the 1,807 turbines that will be erected on 28 wind farms receiving grants, foreign owned manufacturers built 1,219, according to the workshop report. The installation of these turbines may have created as many as 6,838 manufacturing jobs overseas.
In its 2009 year-end report, the American Wind Energy Association acknowledged that despite billions in stimulus spending, there had been a net loss in manufacturing jobs. CEO Denise Bode estimates the manufacturing job loss at 1,500.
Investors Business Daily notes that:
Last March, a cargo of steel towers was unloaded at the port of Vancouver, Wash. They were made in Vietnam for a Danish wind company and destined for a Portuguese wind farm in Indiana that got a stimulus grant.
If we were allowed to drill for our own oil and gas, and bring in the offshore oil that we know to be there, we would be creating thousands of high-paying permanent jobs.
But China isn’t beholden to the environmental lobby for electoral campaign money. They are working hard and successfully to develop their manufacturing sector and searching for the energy supplies to support that sector.
Filed under: Economy, Energy, Progressivism | Tags: Battling Unemployment, Renewable Welfare, Stimulus Bill
The Departments of Treasury and Energy announced on September 2, that they were making $502 million in “grants” available to renewable energy industry firms in lieu of earned tax credits. It seems that “tax credits” aren’t worth anything because the industry has no profits.
The $502 million of stimulus money will, according to federal officials, provide 2,000 jobs. That is $251,000 per job. This will allow consumers to pay higher prices for electricity. We can call it “Renewable Welfare.”