Green jobs: Employment created in China as a direct result of stupid American politicians wasting billions of taxpayer dollars on “green energy”
Billions for Green Energy Will Mean Millions of New Jobs… in China
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When will Democrats ever learn? You just can’t throw billions of dollars at green technology and expect to produce any new self-sustaining jobs, well at least not in America.
A couple of weeks ago the Labor Department asked the public for assistance in defining the term “green jobs”. In my opinion it should be defined as the employment created in China as a direct result of stupid American politicians wasting billions of taxpayer dollars on “green energy”.
In order for Congress to hand out money to green businesses, they must first take it from successful, job creating ones. Already burdened by some of the highest tax rates in the world, American businesses become even less internationally competitive for every dollar politicians take from them to waste on green technology.
In addition, President Obama’s plan to burden an already struggling nation with across the board energy costs that must “necessarily skyrocket” in an absurd attempt to save a world from global warming that does not exist, will also serve to damage the American economy.
A Harvard University study of Obama’s global warming legislation estimates it will cause the price of gas to increase to $7-a-gallon.
Because of higher energy costs, whatever is left of our manufacturing sector will be transferred to China where energy is cheaper and they aren’t so concerned about carbon emissions.
The folly of a green energy economy can be fully appreciated by considering Spain.
A decade ago Spanish politicians made huge investments in green energy intending to transform their economy into 21st century powerhouse. However, the only thing they created were bottomless money pits that had no chance of surviving on their own without continuous government support.
While the term “green energy economy” sounded great on paper, a commission found that for every 1 green job created in Spain, 2.2 private sector jobs were lost.
There is no getting around the laws of economics. If U.S. politicians insist on taking money away from successful businesses and handing it over to hopelessly uncompetitive “green energy” ones, in the end Americans will foot the bill and China will get the jobs.