Among the jobs that Barack Obama's Proponents of the $787 billion economic stimulus package said it would be quick and effective. It's turning out to be neither. And the transformation to a new green revolution is off to a shaky start.
One of the largest chunks of money from the federal spending is the $25 billion allocated for energy-efficiency. The Washington Post's Alec MacGillis wrote, "If the New Deal was focused on building new things — schools, courthouses, libraries — then the stimulus is to a great degree focused on retrofitting what's already there. The $25 billion for energy efficiency, which is the same amount as is being spent on roads and bridges, is split roughly equally among programs for homes for low-income workers, federal buildings, public housing, military facilities and initiatives by local and state governments."
Thus far, the effort to create or save jobs hasn’t been successful. MacGillis details several energy efficiency initiatives that have failed to create new jobs. In Baltimore, for instance, stimulus dollars have been spent to patch roads, install newer furnaces and painting rooftops white to conserve energy. According to MacGillis, none of these projects, as well as others, have created a single job. Another example is in the state of Indiana, where companies have "weatherized 82 homes out of its three-year goal of 25,000, and reported zero new jobs from the spending." Maybe by the time they get to the other 24,918 homes a job will have been created.
When it comes to quickly injecting money into the economy, nothing could be farther from reality; in fact, many of the projects are just getting started: "The program is sending $394 million to New York, but it had produced only 43 jobs there by early October; Michigan had spent $3 million of the $243 million it received."
Technorati tags:
renewable 
energy 
Obama 
Barack Obama 
Democrats 
Politics 
jobs 
arra 
stimulus
No comments:
Post a Comment