First, for the record, Obama's 'green jobs' plan is a plagarism of Sen. Hilary Clinton's green job plan proposed in April 2008!
Second, there is a fallacy about his 'strategic' spending of $150 BILLION dollars and the creation of jobs. Another GOVERNMENT INTERVENTION, GROW GOVERNMENT plan. MORE OF THE USUAL stuff.
by John Stossel
"Politicians always promise that their programs will create jobs. It's used to justify building palatial sports stadiums for wealthy team owners."
"Governments create no wealth. They only move it around while taking a cut for their trouble. So any jobs created over here come at the expense of jobs that would have been created over there. Overlooking this fact is known as the broken-window fallacy (http://tinyurl.com/ydasa2). The French economist Frederic Bastiat pointed out that a broken shop window will create work for a glassmaker, but that work comes only at the expense of the cook or tailor the shopkeeper would have patronized if he didn't have to replace the window.
Creating jobs is not difficult for government officials. Pharaohs created thousands of jobs by building pyramids. Our government could create jobs by paying people to dig holes and then fill them up. Would actual wealth be created? Of course not. It would be destroyed. It's like arguing the hurricanes create jobs. After all, the destruction is followed by rebuilding. But does anyone seriously believe that replacing destroyed buildings creates wealth?"
"Note that word "strategically." It is there to suggest that Obama knows how best to "invest" the $150 billion. (Of course it is not his money, and he'll have none of his own at risk, so from his perspective, it won't really be investment.) But how does he know that the things he names ought to get the money? Will he give it to cronies of his campaign contributors? Will he appoint Al Gore to pick grant recipients? Lobbyists will make a fortune steering "green" inventors and promoters to the $150 billion.
Politicians have a lousy record trying to make "strategic investments." President Jimmy Carter's Synthetic Fuels Corporation cost taxpayers at least $19 billion but failed to give us alternative fuels (http://tinyurl.com/5ex7v5)"
Finally, Stossel notes, "If politicians were serious about creating jobs and cleaner technologies, they would step aside and let the free market go to work."
Obama's 'plan' panders to the GREENIE MEANIES and makes him sound like he really has a plan. Spend money, grow government, make empty promises, slow free market, tax a free market and bankrupt small business owners, and cut the military. Wow. Keep us undefended and broke. Sounds like a sound plan......