Obama’s Green Jobs Plan Will Do More Harm Than Good

Nicolas Loris /

On the campaign trail Barack Obama promised if he were elected president, he would create 5 million “green collar” jobs. Today President Obama announced $2.3 billion in tax credits for a clean energy economy will ostensibly create 17,000 jobs. “Building a robust clean energy sector is how we will create the jobs of the future,” he said in a speech this afternoon.

Make no mistake; this government-run plan will kill more jobs than it aims to create.

There are a number of serious problems with the goal to create green jobs, and Europe’s unfavorable results with renewable energy should raise red flags in the United States. And cap and trade, which is sold by President Obama, Nancy Pelosi, among others as the ultimate jobs bill, is in reality the ultimate jobs destroyer.