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  • Blocking Real Jobs for Green Fallacy Is No Way to Strengthen Economy

    Leading up to his third State of the Union (SOTU) address tonight, President Obama appears once again less interested in facilitating real job growth than in creating the mere appearance of job creation.

    In a SOTU preview video released over the weekend, Obama declared that American energy fueled by homegrown and alternative energy sources is an important step toward rebuilding the economy. This statement in conjunction with last week’s rejection of the Keystone XL pipeline suggests a continuation of the misguided focus on the government pushing so-called “green jobs,” whether they work or not, while blocking job-creating private-sector investments in energy.

    Last week, President Obama rejected the permit application to build the Keystone XL pipeline, a truly shovel-ready project that would have lifted up the U.S. economy with private-sector investment, real jobs, and lower prices for a significant production input factor: energy. As Heritage policy analyst Nick Loris highlights:

    Building the pipeline would bring over 700,000 barrels of oil per day and directly create 20,000 truly shovel-ready jobs. The Canadian Energy Research Institute estimates that current pipeline operations and the addition of the Keystone XL pipeline would create 179,000 American jobs by 2035.

    Just the week before the fateful Keystone decision, additional documentation was released showing that the White House had knowledge of impending layoffs at the now-bankrupt solar company Solyndra before the 2010 midterm elections. This is in addition to an earlier revelation that the Department of Energy pushed to withhold this information until afterward.

    Recipient of a $535 million taxpayer-funded loan guarantee and previously poster child for President Obama’s objective to increase renewable energy and green jobs in America, Solyndra’s troubles raised serious political concerns for officials in the White House. Once the news over Solyndra’s filing for bankruptcy broke last summer, a scandal and congressional investigation ensued, questioning the Administration’s green energy “investments.” About 1,100 people were laid off as the taxpayer-subsidized solar company went under.

    This goes to show some of the problems inherent in the government sponsoring what should be private enterprises. The issue here is the President’s overall track record when it comes to blocking energy-related jobs from reliable and affordable energy sources while handing taxpayer money to producers of unreliable and costly alternative energy whose “green jobs” are a fallacy. This is no way to strengthen the economy.

    Posted in Economics [slideshow_deploy]

    4 Responses to Blocking Real Jobs for Green Fallacy Is No Way to Strengthen Economy

    1. zygote 1331 says:

      It seems quite clear that your choice of government assistance only applies to sectors that support your cause. Otherwise how can you deny that tax breaks to oil companies are not making that industry subsidized. Ditto the nuclear industry which would not have a single private dollar attached to it were it not for huge government assistance. Dismissing for a moment that tar sand oil is extremely inefficient and expensive to extract, with peak oil is around the corner and wasting precious dollars on a failing energy source seems to be more folly than supporting alternate energy. One company – Solyndra – does not reflect an industry which is vibrant and produces home-grown energy.

    2. Albert Danielsen says:

      Federal subsidies for green energy cannot be justified on the basis of how much others receive. Oil, gas and coal can compete without subsidies as they do throughout the world. Many if not most green companies cannot survive without subsidies and mandates – including those at the state level. Why not eliminate subsidies and preferences for all industries and let the marketplace choose winners and losers. I would not be opposed to phasing out preferences over several years (not decades) where decisions have been made because of misguided government promises.

    3. therope says:

      While oil,nuclear,gas,biofuels,etc.do receive assistance from government they have a proven track record for mass production of energy in many forms.Solar and wind at this point can't compete and would need additional assistance for our needs.Realizing there have been environmental problems caused by these forms of energy in the past,there have been vast improvements made in the ways of extraction and delivery of these products and in the case of nuclear,a complete redevelopment of design.At the present time(being that I don't want
      To live in a cave)and with a wary eye to the future for the next form of practical mass energy source(Europe has already determend that wind and solar will not be sufficient for there needs)I'll take what we have.

    4. rphrobert says:

      While oil,nuclear,gas,biofuels,etc.do receive assistance from government they have a proven track record for mass production of energy in many forms.Solar and wind at this point can't compete and would need additional assistance for our needs.Realizing there have been envioromentel problems caused by these forms of energy there have been vast improvements made in the ways of extraction and delivery of these products,and in the

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