Examples have been abundant for years that government subsidies of the green movement are nothing but bad news, and they’re not slowing down. With Solyndra’s collapse still fresh in the public’s mind, a new report has found that despite ghastly amounts of money poured into green jobs, the industry is buckling under pressure to perform.
Of notice in the report is a $500 million job training program that has helped fewer than 20,000 people find work. (That’s $25,000 spent per person in case you don’t want to do the math.) Furthermore, despite government bailouts and handouts, the wind industry has shed 10,000 jobs since 2009. (Compared to 75,000 jobs added by the gas industry since Obama stepped in.)
Good ol’ supply and demand keep saying the same thing: green energy cannot compete in a fair market against conventional energy sources, even with unprecedented government subsidies. The question now is: when will the government acknowledge it?