WOLF: Energy Obamanomics: No green jobs and plenty of red ink
It’s time to end all forms of corporate welfare
Dr. Milton R. Wolf
It wasn’t enough to preside over the first-ever downgrade of America’s credit rating. Now the Obama administration is downgrading America’s energy supply as well. “We’ll invest $15 billion a year over the next decade in renewable energy, creating five million new green jobs that pay well, can’t be outsourced and help end our dependence on foreign oil,” candidate Barack Obama promised in the fall of 2008. But why stop there? Why not claim that you can heal the planet – whatever that means – and control the ocean levels too? Oh yeah, he did.
Let’s start at the beginning. America’s energy policy should center around the obvious: supplying Americans with affordable and reliable energy. File that under D for “duh.” Instead, it has been hijacked by those with ulterior motives ranging from slaying the mythical man-made-global-warming monster to scoring political points against “Big Oil” to creating phony jobs programs. So, how well have President Obama’s “green jobs” initiatives fared? (Washington Times)