07/22/10 Tampa, Florida – “Green Jobs Don’t Exist in a Free Market” was the headline for Tom DeWeese, writing at NewsWithViews.com, which is exactly right; the only jobs that exist in a free market are those supplying real demand for, as an example, hamburgers, pizza, fried chicken and tacos, which has resulted in fast-food restaurants supplying them to be located on, seemingly, every other block in the Whole Freaking Country (WFC).
The reason he brings this up is that he says, “Obama and his environmentalist hordes convinced Congress that the money would be used to create an army of home weatherizers, wind-turbine factory jobs and other employment opportunities that would help put to work the nearly 8 million people who have lost their jobs during the recession.”
That sounds just like Obama, as that particular doofus said, apparently before reading Mr. DeWeese’s article and getting a little smarts, “We know the jobs of the 21st century will be created in developing alternative energy,” which is so laughably preposterous that I am sure it made Mr. DeWeese laugh with a cruelly mocking tone as did the Cruelly Mocking Mogambo (CMM)! Hahaha!
Actually, I figure that the most jobs will be created in making 3-D pornography, importing high-definition video equipment on which to view it, smuggling stuff, and rampant prostitution as Americans find out the true market value of their terrible educations and ridiculous sense of entitlement versus the value of software and industrial robots, particularly if software starts making a robot that can shoot flames out of its mouth and bullets out of its fingers.
As to where Mr. DeWeese got this timeless fact that “green jobs” don’t exist in the private economy, it apparently comes from “Economic lesson number one: Government regulations do not create jobs. Private industry serving the wants and needs of the consumers create jobs. Period.”
I figure that the word “period” followed by a real period was somewhat premature, as I would have added, “In fact, government and government regulations are a net economic drain and a real loser, you morons, and the more government and the more government regulations you have, the sicker and sicker the economy becomes until you wind up like we are today, where government spending is half the economy, the total tax take is almost 60% of Every Freaking Thing (EFT), national debt is 95% of GDP and going up 10% a year, and everybody is broke, and if you are not buying gold, silver and oil, then something is wrong, seriously wrong, with you!”
And I am sure that it will get worse and worse as the ridiculous Obama and his Congressional lapdogs will spend gigantic amounts of money forcing people into “green jobs,” with the Federal Reserve creating the money that the government will borrow and spend, creating ruinous inflation in consumer prices. Maybe even to the point of hyperinflation! Hyperinflation and beyond!
As to that, Jim Sinclair, in his Mineset newsletter, notes that “Hyperinflation is always the product of a loss of confidence in currency resulting in a ‘Currency Produced Cost-Push Hyperinflation,’” which is very classy of him, since he does not mention that I am screaming that “loss of confidence in a currency” is the result of the stupid government creating, or allowing to be created (as in the case of the foul Federal Reserve here in America), excess amounts of money so that the money goes into prices, and price inflation is because the money is more and more valueless because so much of it is being created, and soon nobody in their right mind wants the stuff.
Again without mentioning my Screaming Mogambo Interruption (SMI) about the odious Federal Reserve and how they should all rot in hell, he goes on, “All hyperinflation in modern history has occurred for one reason, and one reason only. That is loss of confidence in currency.”
Worse, “When hyperinflation has occurred in modern history, EVERY economy involved was decimated as, and when, it occurred.”
I notice that again he does not mention price inflation, the scary boogieman that haunts my nightmares and the thing that will destroy us all. I figure that this is my chance to interrupt with something more than denouncing the horrid Federal Reserve for creating so much money that inflation is boiling along at more than 6%, which he probably cleverly deduces from the expectant look on my face.
Anticipating me, or perhaps trying to make me just sit down and shut up, he says essentially the same thing! He notes how hyperinflation, “has never been caused by ‘Demand-Pull,’ but always and without exception caused by ‘Currency Induced Cost-Push Hyperinflation” which makes me scream even louder because this is the same thing as saying prices are higher, which is what I have been screaming about for about ten minutes now and my throat is getting sore! Gaaahhh!
The awful news is that Fed will create trillions and trillions more dollars over the years to slake the ravenous appetite of Congress for deficit-spending, a fact characterized by Mr. Sinclair as “the Fed can and will do QE to infinity.”
Setting your Mogambo Secret Decoder Rings (MSDR) you can translate “quantitative easing to infinity” to mean, “Buy gold, silver and oil!” which makes it all so easy that I finally stop screaming, and merely shout in glee, “Whee! This investing stuff is easy!”
The Mogambo Guru
for The Daily Reckoning
The Mogambo Guru
Richard Daughty (Mogambo Guru) is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the writer/publisher of the Mogambo Guru economic newsletter, an avocational exercise to better heap disrespect on those who desperately deserve it. The Mogambo Guru is quoted frequently in Barron's, The Daily Reckoning , and other fine publications. For podcasts featuring the Mogambo, click here.
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The government’s push for green jobs is actually an effort to stop them. Due to economic necessity people will be putting up their own wind electric generation systems, plans exist to make them for less than 100 bucks, even less if you scavenge materials. The “approved” technologies have arbitrary and basically idiotic standards, they are getting subsidies and can’t provide a decent generator for less than 13k. The superiority of their designs is evident in all the pictures floating around of oversized mills that have toppled or disintegrated. Any green initiative that the government comes up with is just going to be another exercise in killing the free enterprise aspect and shoveling money to those they favor.
Um, this might be a dumb question and stuff, but …. are we still freakin doomed?
Where can I buy a Mogambo Secret Decoder Ring (MSDR)?
Doomed…not if you buy Gold, Silver or Oil
It’s time we told the monopolizing labor pool giants to go FYS and that “we” all take the Jefferson approach to micro cultures and creativity that keeps the giant monsters at bay by having distillery la cal diary, cannery’s car manufactures (this is where the regulatory commissions will have to be shot) etc. It is without a doubt that if I have designed a new car, engine etc that he EPA would drown my puny ass with regulations regulations and more nonsensical regulations. I know how to build a alcohol burning engine that would out preform any gas engine on the market by 50% and even have designs on a variable stroke engine that would prefect it, But would a bank allow me to build such a vehicle that would put big oil out of business and what would they do with all that nasty ass gas they produce because there is scuttle butt going round that a barrell of gass after it’s is refined really brings 1000s of dollars.
Right about everything but, “Green Jobs Don’t Exist in a Free Market” — as we now do have the Green techs that can compete with the filthy fossil fuels, even head to head, and are big winners when considering any compensation for the damage from the pollution of the fossil fuels. These techs could be described, tho no space here, but this errant administration is actually (accidentally) accomplishing something good with their 30% Tax Credit for renewable techs (tho nothing like the huge subsidies given to oil shoving that industry down our throats) – now making possible ownership in a Solar & BioMass Power Production Plant where the tax savings cover the entire cost – free clean energy – described here:
tnns.org/energy
Good comments, except that we do have Green Renewable Energy Technologies that can compete with the filthy fossil fuels.
If the gov’t would just get out of the way (quit all subsidies) and allow for a free market, the best techs would florish. Still, with nothing like what oil has received, the renewable energies now get a 30% tax credit and with this, one company with a lower cost solar and biomass system offer ownership in a power production plant at NO Cost – tax savings cover the entire cost -
– even without the MASSIVE SUBSIDIES THAT OIL HAS RECEIVED – and provide many great jobs that could strengthen this economy and improve the deficits, the environment, safety & security in the U.S., – getting us off of OIL – supporting terrorism, dependence on the faulty, health damaging grid, etc., – huge benefits all around. OIL is cheaper still, only because of its mass production & use, but get the new RE techs out there and they blow the filthy fossil corrupt industry away.
Green jobs will thrive. Only a matter of when not if.