Renewable Red Ink

Think we could use five million new jobs right about now? That's what President Obama promised he'd create by "investing" taxpayer money in "green" jobs. And not just any jobs, he said on the campaign trail in 2008, but ones that "pay well and can never be outsourced." Jump ahead three years, and the only green you find is the billions being poured into the coffers of renewable- energy companies lucky to even stay in business, let alone create a high number of jobs. Green jobs are few in number, and they're costly. "The president's own Council of Economic Advisers admitted recently that only 225,000 clean-energy jobs were either created or saved and cost the taxpayer $ 355,000 per job," Thomas Pyle, president of the Institute for Energy Research. A new report from the House Budget Committee sums up the situation: "The government-as-investor model distorts markets, weakens the rule of law, wastes taxpayer dollars, and fails to spur sustainable job creation." So why are we allowing the green agenda to drive us further into the red? (Excerpt) Read more at washingtontimes.com …