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Parsing Obama: Making Green Energy ‘Profitable’



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You may have missed President Obama’s euphemism for the massive wealth transfers involved in creating the “green economy” (itself a euphemism for “central planning”) that he said last night he would try to impose in the wake of the Gulf oil spill. That euphemism was:

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.

This is his fourth high-profile use of the phrase “make clean energy the profitable kind of energy” — most recently in his State of the Union speech.

I addressed this in Power Grab: How Obama’s Green Policies Will Steal Your Freedom and Bankrupt America, in the chapter titled “Green Eggs and Scam: The Wholesale Fraud of ‘Green Jobs’”:

That is the objective of various “green jobs” schemes: make everything else so expensive as to give life to the uneconomical. But that is incredibly economically harmful.

Also, note what President Obama said in his September 2009 UN “global warming” speech, a comment that should strike anyone who ever took an economics course or simply possessed the capacity for critical thought:  

“Most importantly, the House of Representatives passed an energy and climate bill in June that would finally make clean energy the profitable kind of energy for American businesses and dramatically reduce greenhouse gas emissions.”  

The key word there is that lawmakers passed a scheme to make inefficient projects “profitable,” not “cost-effective.” That’s corporate welfare. These mandates and subsidies would, however, add value to the investment portfolios of many leading lights among Obama’s allies, such as George Soros who, by chance, soon revealed plans to sink one billion dollars into “green jobs” schemes. Lo and behold, another of his investments, the Center for American Progress, furiously pushes “green jobs” schemes.  

Recall the sage from Team Soros, Mr. [Andrew] Light, who assures us that these mandates are “gonna spur new innovation, which is gonna reward smart investment, and which is gonna make alternative energy sources competitive” with things that actually work. No. The laws of physics remain undefeated. All they will do is impose the agenda admitted to by Van Jones and his Blue-Green allies, and seize your wealth to reward the purely speculative among Obama’s Wall Street supporters underwriting the green campaign.



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