Of course, when they blow up in our faces, as subprime did, Obama and his friends will be the first to blame "the market" and "decontrol" for their fiasco, as they did their subprime disaster.
The Times reports that "the London borough of Camden commissioned a study to see whether it should introduce electric vehicles for some of its services, it found that 'EVs relying on the average UK mix of energy to charge them were responsible for significantly more particles of soot that lodge deeply in the lungs . . . than the average petrol-powered car.'"
Steven Chu, the Secretary of Energy
suggested that America might have to introduce some sort of “carbon-intensive”
tariff on Chinese goods. One of China’s envoys, Li Gao, immediately retorted
that such a carbon tariff would be a “disaster”, since it could lead to global
trade war.Actually, Mr Li is right: and this is how an achingly fashionable and well-intentioned plan to create “millions of new green jobs” could instead end up making the global economy even sicker than it is already.
As with the subprime disaster, ideology is trumping economics. If the green jobs were viable, there would be no need for subsidies or tariffs to create or preserve them. These requirements show that the industries and jobs to be created are not viable.
Instead, Obama and his ideologues will destroy real jobs in the name of creating green jobs dependent on government largess for their existence and that will likely lead to trade wars that will destroy the global economy.
No comments:
Post a Comment