Investor's Business Daily -- The Cost Of Green

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.

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.

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."

In five minutes, John Kerry spews an awful lot of Co2 insanity - Cambridge Town Hall 12/1/08

[Via Gore Lied]