You may have missed President Obama’s euphemism for massive wealth transfers involved in his “green economy” — central planning rebranded — that he said last week he will seek to use the Gulf oil spill to impose. That euphemism was:

“When I was a candidate for this office, I laid out a set of principles that would move our country towards energy independence. Last year, the House of Representatives acted on these principles by passing a strong and comprehensive energy and climate bill –- a bill that finally makes clean energy the profitable kind of energy for America’s businesses.”

This is his fourth high-profile use of the phrase “finally make clean energy the profitable kind of energy”, most recently his State of the Union speech. I addressed this in Chapter 6, “Green Eggs and Scam: The Wholesale Fraud of ‘Green Jobs’” from Power Grab: How Obama’s Green Policies Will Steal Your Freedom and Bankrupt America:

That is the objective of various “green jobs” schemes: make everything else so expensive as to give life to the uneconomical. But that is incredibly economically harmful.

Also, note what President Obama said in his September 2009 UN “global warming” speech, a comment that should strike anyone who ever took an economics course or simply possessed the capacity for critical thought:

“Most importantly, the House of Representatives passed an energy and climate bill in June that would finally make clean energy the profitable kind of energy for American businesses and dramatically reduce greenhouse gas emissions.”

The key word there is that lawmakers passed a scheme to make inefficient projects “profitable”, not “cost-effective”. That’s corporate welfare. These mandates and subsidies would , however, add value to the investment portfolios of many leading lights among Obama’s allies, such as George Soros who, by chance, soon revealed plans to sink one billion dollars into “green jobs” schemes. Lo and behold, another of his investments, the Center for American Progress, furiously pushes “green jobs” schemes.

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The ultimate in Obama’s Big Government schemes that still await us is the “global warming” agenda, a necessary component of which is the “green jobs” boondoggle. “Green jobs” is certain to be a central part of the Senate’s stab at cramming down “cap-and-trade”, commencing with introduction of the Kerry-Graham-Lieberman legislation now moved back to a week from tomorrow (to divorce itself from the originally intended association with the loopiness of Earth Day).

Deconstructing the Big Lie of “Green Jobs” is the focus of a key chapter in my new book just out today, “Power Grab: How Obama’s Green Policies Will Steal Your Freedom and Bankrupt America.” Go grab it.

Legislating “green jobs” programs means incurring massive debt to pay for make-work as part of a campaign mandating enormous inefficiencies on the economy. It therefore also ultimately means concomitant taxes. It kills real jobs in a trade off for far fewer temporary jobs, largely make-work and at enormous per-job subsidies. This creates a “bubble” that must be constantly pumped full of taxpayer cash simply to maintain it, also ensuring a bust to go with any putative boom.

Read the below excerpt from Power Grab expanding a bit on this appealing sounding (“jobs”!) sales pitch for statutorily mandating enormous inefficiencies on the economy — heck, read the whole book — and you will have a substantially better idea why Barack Obama surrounded himself with Greek columns at his DNC coronation in Denver. That’s the sort of debt we’re talking about. The fella’s prescient, I’ll give him that much. Now, from Power Grab Chapter 5, “Green Jobs and Scam: The Wholesale Fraud of ‘Green Jobs’”:

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