Joe Biden announced plans to make America prosper through the magic of taxing, spending and regulating.
Biden’s plan for economic recovery includes inserting America back into the UN Paris Climate Agreement and spending two trillion dollars on climate change, with 40% of the cash going to “climate justice.”
This is as foolish as it is dangerous.
“When Donald Trump thinks about climate change, the only word he can muster is ‘hoax,’” Biden said, “When I think about climate change, the word I think of is ‘jobs.’”
Biden would create those jobs by mandating and subsidizing inefficiency.
Do you remember the story about the economist who saw workers digging out a canal? He was shocked to see that, instead of modern tractors and earthmovers, the workers had shovels.
“You don’t understand,” the bureaucrats explained, “this is a jobs program.”
“I thought you were trying to build a canal,” the economist replied, “If it’s jobs you want, then you should give the workers spoons, not shovels.”
No one seems able to agree on who was speaking, or when and whether this happened, but we all should agree that the lesson is valid. Productivity counts. Inefficiency places a drag on the economy to the detriment of all.
Replacing the energy producers who have given us American energy independence (at last!) with a legion of wind and solar installers is just that sort of inefficiency. They may as well be wielding spoons.
Biden pledged emissions-free electricity generation by 2035 and overall net-zero emissions by 2050.
Can you imagine the economic upheaval in store if we shut down oil, gas, and coal energy in just 15 years and try to replace them by converting our remaining natural spaces into wind farms and solar deserts?
Brace for major upheavals. Kiss automobiles, appliances, housing, and jobs as you know and prefer them goodbye if this misbegotten thinking rules the day.
Larry Bell reminds us in a post at CFACT.org that Biden has ceded his climate plans to the radicals.
His climate committee is co-chaired by John Kerry and Alexandria Ocasio-Cortez. Even the phrase “build back better” comes right out of the UN.
“Approximately three months earlier,” Bell writes, “on April 22, the U.N. announced, ‘as the world begins planning for a post-pandemic recovery, the United Nations is calling on Governments to seize the opportunity to build back better by creating more sustainable, resilient and inclusive societies.”
Peter Murphy warns at CFACT.org that Biden “has become a Trojan horse for climate true believers.”
Don’t forget Biden’s call for “climate justice,” which is nothing more than code for redistribution of wealth.
Joe Biden’s economic and climate plans rest on false premises, are ruinously expensive, would cripple the economy, and would harm, rather than help the environment.
Biden and the Left have no idea how to build. We should leave the building up to free people exercising free choice if we really want to build back better.
Read more at CFACT