The man who is slated to save the economy as being the head of the jobs commission (CEA) with President Obama:
Photo from: http://swampland.time.com/2011/08/29/alan-krueger-obamas-new-top-economist/
Will he be able to save the country and still keep the president’s motivations and political ambitions as he wants him? Or the better question I tend to seriously think that applies: Does any president ever believe they can actually “Create” more jobs than they destroy? Whether you increase defense spending or stimulus spending, you end up in every case destroying more jobs than you could ever hope to create due to the fact that Government is ALWAYS going to be less efficient than private enterprise.
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First, a little explanation. The costs of wind are very difficult and it took me at least 10 hours to come up with a reliable figure. This is because the subsidies involved are built into cost estimates from official sources from both the Federal Government and Wind Turbine manufacturers. In addition, you will see a very optimistic view on replacement costs of parts that break and on the O/M – that is operating and maintenance of wind turbines. One worker can basically be hired for a farm of say 4 wind turbines after they are installed. No, I do not have links, this is based on deduction and is an educated guess. Its based on the premise that the amount of work needed fits what the Government says it should. This is rather optimistic as things tend to go wrong. But for the sake of argument, I take the Government figures as they are and assume they are correct. Even overly optimistic, the Government figures do not figure in ALL the costs when figuring out the end cost to the consumer. Needless to say, I do not like optimism without decent explanation, so yes, I was encouraged to dig and dig I did.
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