Must read from John Stossel about Obama's "green jobs" horsepuckey

As many of you know, I love John Stossel. Not only does he rock the 'stache, he is the only Libertarian on TV. Check out his column on Barry's constant claims about creating "green jobs."

Politicians always promise that their programs will create jobs. It's used to justify building palatial sports stadiums for wealthy team owners. Alaska Rep. Don Young claimed the infamous "bridge to nowhere" would create jobs (http://tinyurl.com/6jq623).

The fallacy is the same in every case: Even if the program creates jobs building bridges or windmills, it necessarily prevents other jobs from being created. This is because government spending merely diverts money from private projects to government projects.

Pure, unadulterated brilliance. Another excerpt is something that I've thought for a long, long time.

One reason decentralized markets are preferable to government central planning is that human beings are fallible. Mistakes are inevitable. Some investments will be errors. Mistakes in the market tend to be on a comparatively small scale. If one company invests in plug-in hybrids and it goes bust, only a relatively few people suffer. The assets of the bankrupt firm pass into more capable hands.

But decisions by government, especially the federal government, affect all of us. When government makes a mistake, the bureaucracy can't go bankrupt. Instead, it will use its failure to justify increased appropriations in the next budget.

That about covers the difference between government control (socialism) and market control (free markets). Nicely done.