Hillary’s Bogus Claim About New Jobs and Green Fuels
Over at Hillary’s site there are excerpts from a speech she made in Iowa about how she’ll create new jobs and solve the problems of both climate change and energy. The only problem is that they are too fantastical to be true…at least in terms of the policies being a net gain.
“Our nation’s dependence on foreign oil places our economy at risk, our security in jeopardy, and our planet in peril. But I believe we can transform the way we use and produce energy – and create at least 5 million jobs in new green industries,” Clinton said.
And exactly how many jobs will be lost in the non-green energy industries? My guess is far more than 5 million. Further, what about the costs of energy? My guess is that they will go up. Why? Simple, if it were indeed true that we could have 5 million new jobs, address the issue of climate change and reduce our dependency on foreign oil, we’d be doing it already.
The oil industry alone has been earning ginormous profits. Anybody who comes up with alternatives to oil would be able to capture some of those profits for themselves. They aren’t doing this, nor are there any plans to do this, aside from various politicians’ plans, so such policies are probably going to cost more than any benefit they yield.
Scrolling down we see that indeed these things Hillary is talking about are not economically viable, even with the ginormous profits oil companies are currently earning and the high prices of oil, natural gas, etc. Here “five point plan” includes
- Tax subsidies
- New regulations and requirements on industry
- More subsidies
- More regulations and even more subsidies.
So, typical politician response to problem, throw money at it, impose a few new regulations and then brag about the new jobs created and ignore the old ones lost.
Vote for Hillary, the candidate for the Status Quo.