As long as we are “lowering” expectations for his disciples, here’s another Hopey-Changey campaign promise that needs to be broken.
Let’s be clear on how wealth and jobs are created because a politician that says “we (the government) will create jobs” is either unaware of how capitalism works, or is (once again) just plain lying to the American people in the interest of political gain. In the case of [the man formerly known as Obammy], I’d say it’s a little of both. “Jobs” are not “created” by the government.
Make no mistake, the government has many legitimate functions. Those functions are funded and employees are hired to implement and administer them. Those particular jobs however, are not yielding net economic benefit and as such should not be taken into account as it relates to economic benefit. Creating even more of them for their own sake is simple liberal lunacy.
The dollars to fund whatever program for whom these employees would work have to come from somewhere, and there is always an opportunity cost, short term and long term, for those dollars, usually borne in “real” jobs lost somewhere else.
Nowhere is it mentioned that these “green-collar jobs” would be terribly costly, and that the planned “investments” are really just subsidies. And, as we know, things that require subsidies aren’t competitive in the market, and thus aren’t profitable.
Spending money on projects where costs exceed benefits simply to “create jobs” is a bad idea. Taking capital from productive uses and redeploying it to politically popular but nonproductive uses lowers productivity by paying those with “green jobs” more than their output is worth. It’s not welfare, it’s “greenfare.”
The “Green” movement is big business, from Hybrid cars to new forms and uses of battery and lighting technology to specialized architectural disciplines. If Obama’s ideas are superterrific, why aren’t entrepreneurs lining up first?
Claims that such “investments” will create five million jobs are false. It’s likely more jobs will be killed than created due to higher costs and increased inefficiency of the U.S. economy. A recent report from the Center for Data Analysis at the Heritage Foundation found that limiting CO2 emissions under recent proposed legislation would destroy 900,000 net jobs.
Until Barack Obama starts getting behind proven strategies like tax and (especially) spending cuts to stimulate our economy, stagnation, job loss and a volatile stock market will rule; the cycle will continue to repeat itself. Government largess got us here; it won’t get us out of here.