Wednesday, February 10, 2010

Windy promises from the stimulus were just that

ABC looks at how all the stimulus money meant for promoting wind energy has been spent. Guess what? Just as critics predicted, the money didn't go to promote jobs in the United States. Most of the spending went to foreign companies.
Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University's School of Communication in Washington, D.C.

Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.

So Where Are the Jobs?

"Most of the jobs are going overseas," said Russ Choma at the Investigative Reporting Workshop. He analyzed which foreign firms had accepted the most stimulus money. "According to our estimates, about 6,000 jobs have been created overseas, and maybe a couple hundred have been created in the U.S."

Even with the infusion of so much stimulus money, a recent report by American Wind Energy Association showed a drop in U.S. wind manufacturing jobs last year.
Remember. This was sold to us as a way to increase American employment. Just as many conservatives said last year, the stimulus was simply a way to shovel money to liberals' desired programs and had nothing to do with promoting employment. Perhaps that is why that $800 billion in stimulus actually didn't stimulate the economy. Maybe we should just hope for the Tapper effect where Obama simply announces a program and then doesn't spend the money, but gets to claim credit for it. That would seem to be doing better for Obama than when he actually spends the money.