Why bother editorializing when — as lawyers and Romans would say — Res ipsa loquitur.
From President Obama’s Oval Office address last night:
When I was a candidate for this office, I laid out a set of principles that would move our country towards energy independence. Last year, the House of Representatives acted on these principles by passing a strong and comprehensive energy and climate bill – a bill that finally makes clean energy the profitable kind of energy for America’s businesses
Now, there are costs associated with this transition. And some believe we can’t afford those costs right now. I say we can’t afford not to change how we produce and use energy – because the long-term costs to our economy, our national security, and our environment are far greater.
From an article in today’s Ventura County Star about California’s draconian greenhouse gas regulations:
Californians need to acknowledge the full consequences of the state’s efforts to reduce greenhouse gas emissions and accept the reality “that the net result of green policies may be negative for the economy,” says a report released today by the California Lutheran University Center for Economic Research and Forecasting…
The report examines economic studies in Europe, where the movement toward green jobs began. It finds the government costs of subsidizing jobs in the renewable energy sector have been excessive.
“In Germany, as in Spain, there is considerable belief that the job creation afforded by investment in renewables has been more than offset by the impact of more expensive energy, which has slowed consumption and investment elsewhere in the economy,” the report says.
In the U.S., it says, “Even as energy prices have increased, the growth of green jobs has been slower than expected. The evidence shows that green jobs and the regulations needed to spur them are expensive and hurt the economy.”
So, Mr. President, how long-term were you thinking exactly?
More on the economic lunacy in my new column reviewing the President’s speech last night.
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