How are those green energy jobs working out for Spain?

Now that Nevada's 14 percent jobless rate is the highest in the nation — surpassing Michigan, where Obama has nationalized the auto industry — Sen. Harry Reid has the answer to the problem: Green jobs.

“Not every solution can come out of Washington," Reid says, "but I am working every day to attract new businesses and industries to our state, including those that will put people to work by making Nevada the leader in developing clean energy.”

How's that working out for, let's say, Spain?

Barron's reports this week that Spain plans to cut its subsidies for existing solar plants by 30 percent and by 45 percent for future plants. The industry warns the cuts will “destroy the government’s renewables-friendly policy and kill us all off.” Barron's said the government wants to close the gap between the actual cost of generating power and what citizens pay.

Earlier this month in New American, Spain's experience with green jobs was outlined. For each of the 50,000 green jobs created there, 2.2 jobs were lost, while the country spent 28 billion euros. Dr. Gabriel Calzada Alvarez, professor of economics at King Juan Carlos University, said renewables cost 3.3 times that of other energy sources. Spain is one of thos European nations with rocketing joblessness and unsustainable public debt, like Greece.

New American notes that the "Congressional Budget Office published an analysis in May that concluded green jobs would not even compensate for the loss in domestic jobs inflicted by cap and trade. The report read, 'In particular, job losses in the industries that shrink would lower employment more than job gains in other industries would increase employment, thereby raising the overall unemployment rate.'”

Green jobs, that's the ticket.