The convenient fantasies of President Obama | Washington Examiner

Another interesting thing about Jones is that the administration seems enamored of his "green jobs" concept. There's an understandable political reason. Legislation to restrict carbon emissions that is supported by the administration would undoubtedly kill a large number of jobs by increasing the cost of energy, and so you can see why its advocates might want to argue that there will be a compensating number of "green jobs" created -- at least if the government spends a lot of money on them.

But this sounds like fantasy. If there were money to be made in green jobs, private investors would be creating them already. In fact big corporations like General Electric are scrambling to position themselves as green companies, gaming legislation and regulations so they can make profits by doing so. Big business is ready to create green jobs -- if government subsidizes them. But the idea that green jobs will replace all the lost carbon-emitting jobs is magical thinking.