Originally Posted By: MarkC
Really?
http://greeneconomypost.com/debunk-spanish-study-green-jobs-1582.htm
Yes really. That is their unemployment. And Spain is slashing their subsidies to green power
by 30%. Why would they be doing that if all of these subsidies were doing a great job?
And from your link:
"According to the United Nations" NOT a credible organization. And he tries to question the credibility of the Spanish author??
"
Most economist (the same ones that said the economy was just fine in 2007) believe, and history has proven that public spending increases demand for resources, not decrease it. For example, after the Great Depression in the 1930’s spending to create roads, bridges and other infrastructure increased demand for labor, equipment and materials."
NOT CORRECT. The US economy didn't really kick in until WWII, and then it collapsed again right after. That is the history. More recent history, including Japan and our own, has shown his assumption to be false.
"
While renewable energy spending might have prevented spending in other areas,
DUH! the author does not explain how government spending prevented or discouraged industry from spending."
It's called dramatically higher energy costs! DUH! He claims that crowding out magically doesn't occur in Spain?? Of course it does.
"The majority of the public investment in renewable energy in the United states is going toward the private sector in the form of tax credits, loans and similar tools that are designed to encourage investment. For example, the U.S. is establishing a Clean Energy Investment Agency. So, how is that going to cause job loss and business retraction, when businesses are receiving assistance?"
My favorite. Just spend your way to prosperity! Sorry, wrong again:
Quote:
"The existence of an 800-pound gorilla putting massive capital behind select start-ups is sucking the air away from the rest of the venture-capital ecosystem," said Darryl Siry, former head of marketing at Tesla Motors Inc., a San Carlos, Calif., company that got a $365 million DOE loan in June to build high-end electric cars. "Being anointed by DOE has become everything for companies looking to move ahead."
And:
Quote:
We are caught in this blender of historically new forces, somewhere between the public and private worlds," said Bright's chief executive, John Waters. Without a government loan, private investors are reluctant to jump in
http://online.wsj.com/article/SB126074549073889853.html