Obama Stimulus Bill 'Saves or Creates" Thousands of Green Manufacturing Jobs… In China
When the Obama White House is not “saving or creating” fantasy jobs here at home they’re “saving or creating” manufacturing jobs in China.
The Obama Stimulus Plan will help pay for a $1.5 billion wind farm in Texas. The project will mean thousands of new jobs for wind turbine manufacturers… in China.
The Dallas News reported:
Two weeks ago, U.S. Renewable Energy Group, led by Dallas investor Cappy McGarr, announced plans to build a $1.5 billion wind energy farm in West Texas. About a third of the money would come from federal stimulus funds. All of the wind turbines (and much of the remaining investment capital) would come from China.
“We believe that this project will greatly contribute to job creation, the goals of the Obama administration and our desire to reduce our reliance on fossil fuels and increase our energy independence,” McGarr said in announcing the deal.
There would be perhaps 330 jobs created in Texas. Most would be temporary construction jobs. Meanwhile, thousands of Chinese workers in the northeastern industrial city Shenyang would build the labor-intensive turbines.
Most of the wind energy projects seeking money under the American Recovery and Reinvestment Act rely on foreign-made turbines. Even the industry we have here at home, led by GE, is looking abroad. GE’s technology will power the gearboxes of the turbines for the U.S. Renewable Energy Group. The gearboxes will be made in China.
U.S. companies emerging from the financial shocks of the last year haven’t started investing in American factory jobs. Richard Fisher, president of the Federal Reserve Bank of Dallas, told an Austin audience last week that the company CEOs he speaks with are more interested in investing abroad.
That doesn’t fit with the administration’s plans. To fix the big economic imbalances of the U.S. economy, administration economists say, Americans must save more, import less and sell more U.S. goods to the world. This is particularly important in the U.S. relationship with China, which is America’s biggest creditor.
Democrats, with union support, included a “Buy America” provision in the stimulus bill. This hasn’t proved to be an obstacle to moving ahead with wind projects that rely on foreign-made turbines.
When the wind is right, the U.S. Renewable project would generate more than 600 megawatts of electricity, or enough for 180,000 homes. Texas has long recognized such energy projects as a public good and provides incentives to support them.
Only 30 of the 330 jobs created in Texas will be fulltime jobs after the project is complete.