Green Jobbed

See the IBD editiorial here.

Excerpt:

...claims that spending on green technologies will create "millions" of new jobs, as both Hillary Clinton and Barack Obama have repeatedly claimed, are false.

Such assertions rest on fallacious economic logic that sounds good on the stump but in reality results in a lower standard of living and fewer jobs for all Americans.

When Bill Clinton recently suggested that "we just have to slow down our economy" to cut greenhouse gases, he accidentally uttered the truth: The brave, new "Green Society" being planned for us now in the nation's capital would be better called the "Lean Society."

As any economist will tell you, adopting new green technologies isn't cost-free; it requires trade-offs. Money spent on curbing greenhouse gases is money that can't be spent elsewhere, so opportunities will inevitably be lost.