Absent from President Obama‘s latest economic-stimulus package are any further attempts to create jobs through “green” energy projects. The President’s plans for going green this past year have turned out to be a non-event.
After months of hype about the potential for green energy to stimulate job growth and lead the economy out of a recession, the results turned out to be dismal. About $92 billion – more than 11 percent – of Mr. Obama‘s original $814 billion of stimulus funds were targeted for renewable energy projects when the measure was pushed through Congress in early 2009. Only about $20 billion of the allotted funds have been spent and analysts are skeptical of White House estimates that the funding created 190,700 jobs. Quite the contary, jobs were created in Europe.