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Politics : Politics for Pros- moderated
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To: miraje who wrote (249742)5/22/2008 1:19:57 PM
From: TimF   of 794015
 
We'll invest $150 billion over the next 10 years in establishing a green energy sector that will create up to 5 million new jobs

Classic broken window fallacy.

Sure the $150bil will create new jobs. He probably massively exaggerates the number, but lets give him the benefit of the doubt and say 5 million new jobs are created. That means that the labor of 5 million people will be put in to his initiatives rather than to creating other things that people might want or need. At the same time all that money being taken out of the economy will mean other people lose their jobs, or suffer other economic harm, do to the cost being imposed on businesses, and individuals.
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