Government can't create 5 million jobs, as claimed by Obama.
From John Stossel:
"I'll invest $150 billion over the next decade in affordable, renewable sources of energy — wind power and solar power and the next generation of biofuels; an investment that will lead to new industries and five million new jobs that pay well and can't ever be outsourced," he told the Democratic National Convention .
Wow. Five million new jobs. All that work building windmills and creating biofuels are the "green jobs" that will come into existence when wise government creates the industries that will produce the energy and vehicles that will make fossil fuels obsolete.
Politicians always promise that their programs will create jobs. It's used to justify building palatial sports stadiums for wealthy team owners.
Governments create no wealth. They only move it around while taking a cut for their trouble.
Note that word "strategically." It is there to suggest that Obama knows how best to "invest" the $150 billion. (Of course it is not his money, and he'll have none of his own at risk, so from his perspective, it won't really be investment.) But how does he know that the things he names ought to get the money? Will he give it to cronies of his campaign contributors? Will he appoint Al Gore to pick grant recipients? Lobbyists will make a fortune steering "green" inventors and promoters to the $150 billion