With nearly 15 million Americans out of work and the unemployment rate hovering above 9 percent for 18 consecutive months, policymakers desperate to stoke job creation have bet heavily on green energy. The Obama administration channeled more than $90 billion from the $814 billion economic stimulus bill into clean energy technology, confident that the investment would grow into the economy's next big thing.
But the huge federal investment has run headlong into the stubborn reality that the market for renewable energy products - and workers - remains in its infancy. The administration says that its stimulus investment has saved or created 225,000 jobs in the green energy industry, a pittance in an economy that has shed 7.5 million jobs since the recession took hold in December 2007.
The industry's growth has been undercut by the simple economic fact that fossil fuels remain cheaper than renewables. Both Obama administration officials and green energy executives say that the business needs not just government incentives, but also rules and regulations that force people and business to turn to renewable energy.
Without government mandates dictating how much renewable energy utilities must use to generate electricity or placing a price on the polluting carbon emitted by fossil fuels, they say, green energy cannot begin to reach its job creation potential. (Washington Post, 11/23/10)
There you have it in a nutshell. The modus operandi of the Left. You are getting green energy whether you like it or not and irrespective of the cost because we say so. It is yet another lie of the Obama administration along with ‘shovel-ready projects’ and ‘the health care mandate is not a tax.’
Corny Guy
Al Gore says his support for corn-based ethanol subsidies while serving as vice president was a mistake that had more to do with his desire to cultivate farm votes in the 2000 presidential election than with what was good for the environment. (Politicsdaily.com, 11/24/10)
What else is the ‘crazed sex poodle’ not telling us? That An Inconvenient Truth is filled with lies? That he has made millions from pushing the climate change hoax?
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