Regulating to Disaster
What is a green job anyway? Few can adequately define one. Even the government isnt sure, you will learn in these pages. Still, President Obama and environmentalist coalitions such as the BlueGreen Alliance claim the creation of green jobs can save Americas economy, and are worth taxpayers investment.But in Regulating to Disaster, Diana Furchtgott-Roth debunks that myth. Instead, energy prices rise dramatically and Americas economic growth and employment rate suffer in some states much more than others when government invests in nonviable ventures such as the bankrupted Solyndra, which the Obama Administration propped up far too long.Electric cars, solar energy, wind farms, biofuels: President Obamas insistence on these dubious pursuits ultimately hamstrings American businesses not deemed green enough, and squeezes struggling households with regulations. Adding insult to injury: the technology subsidies Americans pay for solar panels, wind turbines, and electric batteries really help create manufacturing jobs in China and South Korea.Green jobs are the most recent reappearance of a perennial bad idea government regulation of certain industries, designed to anoint winners and losers in the marketplace. Regulating to Disaster reveals the powerful nexus of union leaders, environmentalists, and lobbyists who dreamed up these hoaxes, and benefit politically and financially from green jobs policies. Unfortunately, there are more Solyndras on the horizon, and our economy is in no shape to absorb them.
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