Regulating to Disaster: How Green Jobs Policies Are Damaging America’s Economy
By Diana Furchtgott-Roth
(Encounter Books, 168 pages, $23.99)
Did you know you can no longer buy a traditional 100 watt light bulb? Did you know you can’t buy gasoline for your car without ethanol?
These are just two of the ways in which environmental laws and regulations are changing your life. Add to them the myriad regulations that will make it more expensive to heat your home this winter or cool it next summer. To hear the environmentalists tell it, these changes are creating jobs — green jobs. But all the evidence suggests that more jobs are being destroyed than created — all the while making the economy less productive and pushing up the prices of almost everything we buy.
The “green jobs” agenda didn’t start with Barack Obama. It actually started under George W. Bush. But whereas Bush may have tolerated it, Obama is an enthusiastic fan. Over the last four years, we’ve spent billions of dollars on conservation and renewable energy. The supernova bankruptcy of the solar power company, Solyndra (with a taxpayer loan guarantee of $535 million), is only the tip of the iceberg. The Department of Energy has provided $13.6 billion in similar loans to solar and wind production companies.
If President Obama gets his way over the next four years, things are going to get worse. Much worse.
Read more at The American Spectator. By John C. Goodman.