Fra Investor’s Business Daily

Even after fudging numbers and ignoring the huge subsidies, a liberal think tank reports that growth in the alternative-energy sector lags the rest of the economy.

Green jobs were supposed to be our salvation, both for the earth and for the economy, according to the Obama administration. White House policy based on this flawed premise led to offshore and onshore drilling bans and the locking-up of energy-rich lands while huge alternative energy subsidies (aka “investments”) found their way into the stimulus and other legislation.

As happens when government tries to pick winners and losers, the government lost — no, we all lost. As has happened in countries such as Spain, this misallocation of resources has succeeded only in stalling our economy as unemployment and debt grow.

In Spain’s case, it was found that for every “green” job created, 2.2 jobs were lost in the rest of the economy.

Along comes the Brookings Institution with a report touting the fact that nearly 2.7 million people brought home paychecks in 2010 working in the “clean economy.” That’s a 3.4% increase in “green jobs” since 2003, and it sounds terrific until you realize the economy as a whole grew at a 4.2% rate over the same period.

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