Thursday, June 25, 2009

Blind Faith

A Spanish university professor, Gabriel Calzada, claims each new "green" job in Spain costs approximately $752,000 to $800,000, and entails the loss of 2.2 other jobs. And this is the very model that BO is using for his domestic "greening" agenda. Pesky statistics and facts. Always getting in the way of self-righteousness.
George Will hits it out of the park:

Still, one can be agnostic about [such] reports while being dismayed by the frequency with which such findings are ignored simply because they question policies that are so invested with righteousness that methodical economic reasoning about their costs and benefits seems unimportant. When the president speaks of "new green energy economies" creating "countless well-paying jobs," perhaps they really are countless, meaning incapable of being counted.

For fervent believers in governments' abilities to control the climate and in the urgent need for them to do so, believing is seeing: They see, through their ideological lenses, governments' green spending as always paying for itself. This is a free-lunch faith comparable to that of those few conservatives who believe that tax cuts always completely pay for themselves by stimulating compensating revenue from economic growth.

Whole Will article here.