Fiscal Non-Feasibility: Let’s Focus on the Real Problem with the Green Jobs Czar (the Mission)
Stephen Spruiell over at The Corner on National Review brings up something that has troubled me for a while: green jobs cannot exist outside of the vacuum of government subsidies and mandates. In fact, he points out that their survival is dubious even with such props and cudgels.
To buy into the “green jobs” scam, you must have an unshakeable faith in the ability of the government to create a viable industry from whole cloth, because there is no commercial demand for the services these green-collar workers would provide. We don’t have to guess about the future of green jobs; we can look to the ethanol industry.
In 2005, after decades of subsidization, the government finally mandated the consumption of ethanol. It upped the mandate in 2007. This, plus high gas prices, was the boost the industry was looking for. Ethanol plants started springing up all over the Midwest.
Corn prices went up to meet the government-mandated demand for ethanol. Then oil prices fell, bringing the price of ethanol down with it. The industry’s profit-margins disappeared. VeraSun, one of the largest ethanol makers, is in Chapter 11. Last December, the industry asked Congress for a bailout.