Spain Admits “Green Jobs” Program A Disaster – IOTW Report

Spain Admits “Green Jobs” Program A Disaster

QandO

Eventually, no matter hard one tries to wish it away, reality will smack you in the face. Hard.

As predicted was inevitable, today the Spanish newspaper La Gaceta runs with a full-page article fessing up to the truth about Spain’s “green jobs” boondoggle, which happens to be the one naively cited by President Obama no less than eight times as his model for the United States. It is now out there as a bust, a costly disaster that has come undone in Spain to the point that even the Socialists admit it, with the media now in full pursuit.

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La Gaceta boldly exposes the failure of the Spanish renewable policy and how Obama has been following it. The headline screams: “Spain admits that the green economy as sold to Obama is a disaster.”

According to the Spanish government, the policy has been such a failure that electricity prices are skyrocketing and the economy is losing jobs as a result (emphasis added):

The internal report of the Spanish administration admits that the price of electricity has gone up, as well as the debt, due to the extra costs of solar and wind energy. Even the government numbers indicate that each green job created costs more than 2.2 traditional jobs, as was shown in the report of the Juan de Mariana Institute. Besides that, the official document is almost a copy point by point of the one that led to Calzada being denounced [lit. “vetoed”] by the Spanish Embassy in an act in the U.S. Congress.

The presentation recognizes explicitly that “the increase of the electric bill is principally due to the cost of renewable energies.” In fact, the increase in the extra costs of this industry explains more than 120% of the variation in the bill and has prevented the reduction in the costs of conventional electricity production to be reflected on the bills of the citizens.

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9 Comments on Spain Admits “Green Jobs” Program A Disaster

  1. But this current crop of Dems just don’t care – that’s why Harry Reid calls regular Americans liars.

    They have their own agenda and consequences be damned.

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  2. Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.
    Now bend over and don’t whine when I break it off. I’ve got campaign bundlers to pay off.

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  3. But, but, but only green power can save the environment. That’s what the great and powerful Obie the Impotent told us and he wouldn’t lie. I know he wouldn’t, would he? (sarcasm off now)

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  4. Old news is still old news.

    However, it doesn’t make it news in our country when the new organization refuse to print the news to further an agenda.

    I believe Denmark must keep nasty coal fired power plants online to make up for the short comings of wind power.

    Anyone who has stood on the shores of the North Sea, knowing this, would quickly come to the conclusion that wind power has serious issues as a reliable energy source.

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