It is certainly unprecedented for an entire political party to promise to destroy millions of jobs.
Wall Street Journal (1/22/20) column: "Most presidential campaigns feature a familiar refrain: Each candidate promises to create millions of new jobs. The 2020 primaries are unusual in that nearly all the Democratic candidates, including Joe Biden, Elizabeth Warren, Bernie Sanders and Michael Bloomberg, are solemnly pledging to destroy millions of jobs by ending the shale oil and gas revolution. The Democrats’ war on fossil fuels was on full display at the debate in Los Angeles last month, where Joe Biden, the supposed moderate, was asked if he would rein in America’s shale oil and gas production even if it meant “thousands, maybe hundreds of thousands” would lose their jobs. He unhesitatingly responded 'yes,' to cheers from the audience of college students and professors. He then recited the familiar liberal riff about how investment in wind and solar power will save the economy. (Soon afterward he told a New Hampshire audience that unemployed energy workers should 'learn how to program.')..Consider Texas. Liberals have long wanted to turn the Lone Star State blue, or at least purple. But nearly two million Texans are employed in oil and gas and related industries. Many hard-hat workers and truckers employed in the oil-rich Permian Basin earn more than $100,000 a year with overtime. How do you win in and around Houston, Dallas and Midland with a platform that opposes oil and gas?"
|
|
|
|
|
"Government subsidies can bring any business into existence. But apparently, even subsidies can’t ensure the production of something useful."
– David Boaz, The Cato Institute
|
|
|
|
|
|