Spending freezes historically worsen economic recessions rather than stimulate them, so what is Obama doing? Rachel gives a great argument. After watching the video read my rant below about why US taxpayers are subsidizing manufacturing jobs in China and how it is bad for the country.
Presently, China is the primary supplier of generators for traditional multi-megawatt wind farms. According to Rebecca Smith in the Wall Street Journal, October 30, 2009, a proposed 600MW wind farm in Texas relying heavily on federal subsidies, grants and tax credits for funding, is expected to create 2,800 jobs with only 15% of those jobs in the US and the rest flowing to China.
The Shepherd’s Flat Wind Farm slated for 2012 in Arlington, Oregon includes a $1.4B contract to General Electric for 338 turbines with the electricity destined for California. Oregon has the manufacturing infrastructure in place to produce the generators and create long-term family wage jobs right here at home.
