The plan doesn’t create new jobs, it shifts to less efficient government funded jobs
Loris, MA, 19
(Nicolas, Deputy Director of the Thomas A. Roe Institute for Economic Policy Studies and Herbert and Joyce Morgan fellow at The Heritage Foundation, 3-22)
Granted, a massive tax-and-spend program will "create" jobs by building wind turbines, installing solar panels and building electric vehicles. Yet government spending does not actually create jobs; it merely shifts resources to politically connected sectors of the economy and away from more productive uses. Overall, the number of jobs destroyed would far outweigh any subsidized jobs created. Let's not forget President Barack Obama's warning about the costs of his cap-and-trade plan to reduce greenhouse gas emissions over a decade ago. To meet the carbon-dioxide reduction targets, he said, electricity rates would "necessarily skyrocket." According to one FAQ sheet on the proposal, cap-and-trade "may be a tiny part of the larger Green New Deal plan to mobilize our economy." To fulfil the obligations of the Green New Deal, the economy would necessarily have to tank.