Surprise, Surprise, Surprise

Green jobs are a big waste of resources.............

The faddish obsession with "green jobs" is being revealed as a massive waste of taxpayer money.

Pipe dreams eventually are revealed for what they are – unrealistic, wishful thinking. It didn't take long for Spain's touted green-job revolution to be revealed as a financial disaster, siphoning taxpayer subsidies and destroying 2.2 real jobs for every green job created.

Domestic green-job pipe dreams similarly drain U.S. taxpayers' money into economic sink holes. The millions of so-called green jobs promised by President Barack Obama and other champions of taxpayer-subsidized energy schemes not only haven't materialized, many that did, already are disappearing.

Considering the president's pledge to create 5 million green jobs in 10 years and Gov. Jerry Brown's promised 500,000 clean-technology jobs by the end of the decade, it's worth noting the New York Times' conclusion: "[T]he results so far suggest such numbers are a pipe dream."

Lowlights of the saga include the recent bankruptcy of Evergreen Solar Inc. of Massachusetts, recipient of $58 million in direct subsidies and tax breaks, including federal "stimulus" funding, but which cut 800 jobs and is now $485 million in debt, with more job losses to come with the closure of a Michigan plant. Green Vehicles of Salinas received $500,000 in city subsidies, but closed last month without having produced anything of significance, Human Events magazine reported. The company had promised to create 70 jobs and pay back local taxpayers $700,000 a year in taxes.

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