Keynesian economics 101

Discussion in 'Current Events' started by Capitalist, Jul 3, 2010.

  1. Capitalist
    Offline

    Capitalist Jeffersonian Liberal

    Joined:
    May 22, 2010
    Messages:
    821
    Thanks Received:
    209
    Trophy Points:
    78
    Ratings:
    +209


    WASHINGTON (AP) – The government is handing out nearly $2 billion for new solar plants that President Barack Obama says will create thousands of jobs and increase the use of renewable energy sources.
    Obama announced the initiative in his weekly radio and online address Saturday, saying the money is part of his plan to bring new industries to the U.S.
    “We’re going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America,” Obama said.
    The two companies that will receive the money from the president’s $862 billion economic stimulus are Abengoa Solar, which will build one of the world’s largest solar plants in Arizona, creating 1,600 construction jobs; and Abound Solar Manufacturing, which is building plants in Colorado and Indiana. The Obama administration says those projects will create more than 2,000 construction jobs and 1,500 permanent jobs.






    Lets see, 2,000,000,000 dollars/1500 jobs = 1,333,333 dollars per job. Hahahahaha.................
     
    • Thank You! Thank You! x 1
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,591
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,594
    When we were handing out tax breaks to billionaires, was that Keynesian econ 101, too, professor?

    Cause I don't know whether you've noticed it or not, yet, but that isn't working out so well for us either.
     
  3. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,390
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,396
    Spending is the problem, Skeezix, not shaking down the rustics for enough loot.
     
    • Thank You! Thank You! x 1
  4. KissMy
    Online

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    10,463
    Thanks Received:
    1,816
    Trophy Points:
    192
    Location:
    In your head
    Ratings:
    +1,978
    None of our leaders know dick about Keynesian economics. According to Keynes when the private sector is booming the government is suppose to cut way back & pay down all the debt created by the increased government spending in the bust. When has that ever happened? All they have been doing is the spending part. This is suicide economics 101.
     
    • Thank You! Thank You! x 1
  5. PoliticalChic
    Offline

    PoliticalChic Platinum Member

    Joined:
    Oct 6, 2008
    Messages:
    37,341
    Thanks Received:
    9,947
    Trophy Points:
    462
    Location:
    Brooklyn, NY
    Ratings:
    +11,044
    I'm only laughing to keep from crying:

    The Obama administration's green jobs program simply shifts wealth from businesses, taxpayers and consumers to politically favored uses. Congressional Budget Office Director Douglas W. Elmendorf noted, "The net effect [of a green jobs policy] ... would likely be some decline in employment during the transition. ... The fact that jobs turn up somewhere else for some people does not mean there aren't substantial costs borne by people, communities, firms and affected industries."

    Mr. Obama's green jobs program turns this on its head, favoring technologies that employ large numbers of people over technologies that use labor efficiently. For example, according to the United Nations Environment Program, solar energy requires 9 times as much labor per megawatt of energy generated as natural gas, and 9 times as many workers per megawatt of energy as coal. No wonder, solar energy costs 3 to 5 times as much per megawatt as electricity from natural gas or coal.

    Experience in Europe, which has taken the lead in green job creation, confirms that this is an economic shell game. For example, according to a study of Spain's renewable energy initiatives, the Spanish government created about 50,000 green jobs, but as a result about 110,000 other jobs were lost.

    Worse, only 1 in 10 new jobs were permanent, and the average green job created since added $774,000 in costs to consumers' bills. The high cost of green energy has driven energy-intensive Spanish industries to countries with lower energy costs.
    The report concluded, "These costs do not appear to be unique to Spain's approach but instead are largely inherent in schemes to promote renewable energy sources." That means that even if Mr. Obama's initiatives manage to produce 5 million green jobs, about 11 million jobs could be lost in other sectors.

    GEDDES AND BURNETT: Eco at the end of recession? - Washington Times
     
    • Thank You! Thank You! x 1
  6. Mr.Fitnah
    Offline

    Mr.Fitnah Dreamcrusher

    Joined:
    Jul 14, 2009
    Messages:
    14,480
    Thanks Received:
    2,673
    Trophy Points:
    48
    Location:
    Paradise.
    Ratings:
    +2,673
    Well you can have thousands of solar cell manufacturing plants .
    But if people dont have the money to by them they are just a waste of time and money.

    Can Abound Solar or Abengoa Solar match the price per foot of "nanosolar"?
    A company that has invested its own money and brought the price to about 100 $ per kilowatt if I recall correctly?
     
  7. Rozman
    Offline

    Rozman Gold Member Supporting Member

    Joined:
    Sep 18, 2009
    Messages:
    12,239
    Thanks Received:
    2,132
    Trophy Points:
    245
    Location:
    Brooklyn,NY
    Ratings:
    +2,599
    They could have accomplished so much so much faster getting the economy going again if they cut capital
    gains taxes,or even suspending pay roll taxes for six months even.Or better yet it would have been cheaper for the government in they cut a check for $10,000.00 to any person in the country who filed a tax return the previous year.It would have saved 100's of billions of dollars.
     
    • Thank You! Thank You! x 1
  8. Zona
    Offline

    Zona A guy in ariZONA

    Joined:
    Aug 15, 2009
    Messages:
    13,875
    Thanks Received:
    941
    Trophy Points:
    48
    Location:
    Phoenix, AZ.
    Ratings:
    +942
    Why wont he do something towards alternative energy...oh wait, he did. Well then lets complain about that then.




    Whiny little bitches. Who saw this thread coming? :)
     
    Last edited: Jul 3, 2010
  9. Charles_Main
    Offline

    Charles_Main AR15 Owner

    Joined:
    Jun 23, 2008
    Messages:
    16,692
    Thanks Received:
    2,235
    Trophy Points:
    88
    Location:
    Michigan, USA
    Ratings:
    +2,247
    How do you explain that those "tax breaks to Billionaires" increased total revenues the Fed took in?

    Do you even think about what you say or do you just regurgitate a Democrat Talking point like a robot?
     
    • Thank You! Thank You! x 1
  10. KissMy
    Online

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    10,463
    Thanks Received:
    1,816
    Trophy Points:
    192
    Location:
    In your head
    Ratings:
    +1,978
    Stupid partisan hacks like yourself do not realize he did neither. His plan to pay 1,250,000.00 per temp solar job is fucking stupid. He should have used more money giving energy vouchers that would create far more jobs for the average citizen instead of political pay-off to a few of his friends. Obama's way we get billed but we get nothing in return. True stimulus way everyone wins.

    So tell me whiny bitch how you benefit every-time Obama pays-off one of his cronies?
     
    • Thank You! Thank You! x 1

Share This Page