Of the $1 billion in clean-energy stimulus money spent since the beginning of September, $850 million has gone to foreign wind companies. It doesn't take a bunch of experts at a hastily planned "jobs summit" to discover this isn't the way to bolster employment in America.
Indeed, the 11 U.S. wind farms that received stimulus money from the Treasury have imported 695 of the 982 wind turbines to be installed, creating 4,500 jobs overseas. That's far more overseas work than the stimulus money has created in the United States.
On Oct. 29, a joint venture of American and Chinese companies unveiled plans for a new $1.5 billion wind farm in West Texas consisting of 240 Chinese-made turbines. The project is seeking 30 percent of its funding in government stimulus dollars. At best, hundreds of millions of taxpayer dollars will create a grand total of 30 permanent jobs. That's $15 million for each job if the project gets the expected level of federal funding.
Answer by grlygrlz2 at 12:00 PM on Mar. 10, 2010
Far more overseas work than the stimulus money has created in the United States. Thoughts?
Answer by grlygrlz2 at 12:01 PM on Mar. 10, 2010
Answer by hot-mama86 at 12:01 PM on Mar. 10, 2010
Answer by Anonymous at 12:05 PM on Mar. 10, 2010
Isn't that special?
Answer by Anonymous at 12:16 PM on Mar. 10, 2010
President Obama is also more concerned about entrepreneurship in the muslim world.When are those millions of jobs he said would come from HIS big ideas and spending going to surface for us AMERICANS? Oh right I forgot that isn't really the plan.
Answer by Anonymous at 12:24 PM on Mar. 10, 2010
Answer by mancosmomma at 12:31 PM on Mar. 10, 2010
Answer by tnmomofive at 1:04 PM on Mar. 10, 2010
Answer by Carpy at 1:14 PM on Mar. 10, 2010
Answer by meriana at 3:57 PM on Mar. 10, 2010