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Washington Examiner: Chase for 'green economy' not about to taper

Published: January 28, 2013

Wind and solar power have gone from producing 1.4 percent of the nation's power to 2.9 percent during Obama's first four years in office. But even this progress, driven by expensive state and local government mandates and built with large subsidies and higher electricity rates for customers, comes with high opportunity costs and few permanent net jobs. Moreover, a handful of jobs in the utility industry does not a “green economy” make. If you're expecting a windmill factory to pop up in your town and hire you, don't hold your breath.

Obama devoted more words and time in his second inaugural address to climate change than any other issue. But according to Gallup, the environment isn't even among the top 10 issues Americans are worried about today.

The vast majority of Americans identified either “the economy,” “the federal budget deficit” or “unemployment” as the “most important problem” facing the country today. In his speech last Monday, Obama rejected calls to lower the debt, ignored unemployment and basically assumed the economy was well on the road to recovery. It's not. Economic growth is slowing, and our nation's unemployment rate is stuck at 7.8 percent. A new push by Obama's Environmental Protection Agency to regulate carbon is exactly what the economy, and America, does not need right now.

— The Washington Examiner