Monday, June 29, 2009

Cap & Tax will create green jobs. Right

David Axelrod was on the Sunday pundit shows explaining that the Cap & Tax bill, that just squeaked thru the house was going to create "green jobs". Sure it will. Alternate energy supplies about 1 percent of US energy consumption. Grow it by a factor of 10 and it's still only 10 percent. Is that going to equal the jobs lost from the one hundred times larger conventional energy industries, plus the job losses that will occur when the price of all kinds of energy goes up? Industry needs energy, for process heat, to run the machines, to heat and light the factories, to synthesize and refine materials, to fuel the transportation, just about everywhere. Raise the price of energy and the industry will leave for overseas, cut back, or go out of business.
Industry is what supplies the jobs. Hurt industry and you get unemployment.
No way will the jobs making windmills and installing solar collectors come anywhere near to the jobs lost thruout the rest of the economy.

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