I’m not a math major. In fact, I hate math. I can balance my checkbook and do some basic gemoetry, but other than that I avoid mathematics like the plague.
But even I know that 2.2 > 1.
Apparently, the Obama doesn’t.
From CNSNews, a story from April 2009 that shows for every 1 “green” job supposedly created by stimulus money, 2.2 jobs are lost, and this isn’t speculation. It’s the actual effect of “green” initiatives in Spain.
(CNSNews.com) – Every “green job” created with government money in Spain over the last eight years came at the cost of 2.2 regular jobs, and only one in 10 of the newly created green jobs became a permanent job, says a new study released this month. The study draws parallels with the green jobs programs of the Obama administration.
President Obama, in fact, has used Spain’s green initiative as a blueprint for how the United States should use federal funds to stimulate the economy. Obama’s economic stimulus package,which Congress passed in February, allocates billions of dollars to the green jobs industry.
But the author of the study, Dr. Gabriel Calzada, an economics professor at Juan Carlos University in Madrid, said the United States should expect results similar to those in Spain…