One of the promises that soon-to-be president Obama has made is to spend upwards to $700 billion on "green collar jobs".
These have vaguely been described as jobs that will somehow jumpstart our economy and put it back into high gear through "investment" in the murky world of environmentally correct business.
The environmentally correct business movement is the next step from politically correct speech, where businesses are browbeaten by junk science channeled through legislation forcing the diversion of capital from market control forces into state-controlled ones.
Respect for one's environment and the responsibility to be good stewards of the world are all laudable and even important components of successful long-term business, hurling large wads of cash at unproven ventures to escape or comply with government regulation or threat is not.
Combining these unproven if not outright disproven scientific principles with government coercion of business direction will only further weaken the economy as they are not investments as the politicians like to use the term but are instead, subsidies and corporate welfare for businesses predicated on bad science-based products.
This editorial from Investor's Business Daily has a great take on this whole problem and how it will not help anyone but might hurt everyone.
Click anywhere on this posting to go to the editorial.
"Claims that such "investments" will create five million jobs are false. It's likely more jobs will be killed than created due to higher costs and increased inefficiency of the U.S. economy."
