The Patriot Post® · China Gets the Last Laugh

Stephen Moore: “Europe – in particular, Germany – bought into the renewable energy-green jobs charade a decade ago. Now their economies are cratering because their energy costs have skyrocketed. That’s the path Mr. Obama’s climate-change pact would take us down. It will cripple U.S. industries by force-feeding them expensive electric power. We will displace millions of highly paid U.S. workers in the oil, gas and coal industries. We will increase the cost of electric utilities as well as home-heating costs. We are ceding our natural competitive advantages to China – in effect transferring millions of jobs outside the United States. That is why the Chinese and the rest of the world are laughing at us.”