GREEN DOLE

Richard at EU Referendum warns us (surprise, surprise) that Green Jobs ain't what they're cracked up to be.

"Spain’s experience cited by President Obama as a model reveals with high confidence, by two different methods, that the US should expect a loss of at least 2.2 jobs on average, or about 9 jobs lost for every 4 created..."

While the stupidity of president Obama continues to break new records, one would struggle for find anything more facile than his claim that his obsession with global warming will create millions of new green jobs and so spur the US economy toward recovery.

Now, even Reuters is beginning to notice, offering a details of a Spanish report which rather confounds Obama's enthusiasm for Spain as an example to follow.

The report is produced by economics professor Juan Carlos of the University of Madrid, who has found that for every green job "created" by the Spanish government, an average of 2.2 other jobs have been destroyed. And, of those fabulous green jobs, only 1 in 10 was permanent. (More...)