Tuesday, November 17, 2009

BREAKING: Stimulus Money Creates Jobs...In China

This sounds about right. Liberal lunacy. American taxpayer money going to create green jobs. Two problems. First, those jobs are in China.

The rush to America of foreign wind-turbine manufacturers shows that the Obama administration's plan for stimulating the creation of green-energy jobs is going in an odd direction.

Two weeks ago, U.S. Renewable Energy Group, led by Dallas investor Cappy McGarr, announced plans to build a $1.5 billion wind energy farm in West Texas. About a third of the money would come from federal stimulus funds. All of the wind turbines (and much of the remaining investment capital) would come from China.

Most of the wind energy projects seeking money under the American Recovery and Reinvestment Act rely on foreign-made turbines. Even the industry we have here at home, led by GE, is looking abroad. GE's technology will power the gearboxes of the turbines for the U.S. Renewable Energy Group. The gearboxes will be made in China.
Second problem: These wind turbines and their "wind energy" have been proven inefficient as reliable energy sources. That's why T. Boone Pickens bailed on it.

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