Obama stimulus plan provides bubble for green jobs
May 7, 2009 – 8:46 am by JohnMSNBC reports, “Stimulus plan provides boost to green jobs” and Obama’s “green adviser” has said, “Everyone is predicting growth in this sector.”
See? It’s happening! The green bubble is expanding! The Imperial Federal Government is diverting resources from one bubble and pushing them into another. The Obama regime thinks it can and should stimulate economic growth, and it thinks it can and should make the United States energy-independent. It is already in the process of printing money and taking money from people who earned it to give to people who will satisfy the regime’s political/environmental criteria. Additionally, a lot of people believe in this crusade and are fooled into thinking this politically driven allocation of resources represents real growth and wealth-creation. It does not. The savings do not exist to fund these new technological endeavors, nor do the fundamentals of profitability that will make these businesses worthwhile. This is inflation- and politics-driven “investment” in a sector that the free market does not deem worthy of such investment right now, and the market will have the last word.
Because of Barack Obama’s short-sighted and politically motivated inflation of the green bubble, we will see rising energy costs in the long run, stifling of potentially sound and viable energy technologies, more centralization and government control of energy resources, propping up of unprofitable companies, and more bankruptcy, unemployment, and government plans to “help” when this bubble bursts.
One Response to “Obama stimulus plan provides bubble for green jobs”
That is environmentalism put through the grinder of capitalist logic: an opportunity to sell you MORE stuff and participate in more industrial pollution!
By Francois Tremblay on May 7, 2009