Fracking winning, green energy failing

Hippes can suffer. The evidence is mounting of the great success of fracking and the?astonishing?failure of hippie power projects:

Enter the Apollo Alliance, which is a project of the George Soros-funded Tides Foundation. Apollo forged a new labor/environmentalist that would both limit fossil fuel use and spend billions promoting green energy.

Since renamed the BlueGreen Alliance, the group launched with a report calling for $500 billion in spending to create a “New Apollo Program” for the U.S. economy. It included federal subsidies for green car companies and solar firms, cash to make existing buildings energy-efficient, new power line construction and billions for new mass transit systems.

The New Apollo Program called for a cap-and-trade plan designed to drive energy producers away from fossil fuels and toward renewable energy like solar, wind and biomass. Apollo promised these new initiatives would create 5 million new jobs.

The Obama campaign fully embraced the Apollo vision, producing its own New Energy for America document that largely mirrored the Apollo report. The only real difference was that Obama’s plan created 5 million new green economy jobs for just $150 billion.?

The jobs Obama promised never eventuated but the flow of subsidies sure did.

Of course, Obama ended up spending far more than that after he was elected. And he has come nowhere close to meeting his 5 million job promise.

Many of the car and solar companies Obama invested in (like Fister and Solyndra) are either bankrupt or on their way there. His energy-efficiency programs have been so ineffective that even the liberal host of “The Daily Show,” Jon Stewart, has made them the butt of jokes.

And Obama’s signature transportation project, high-speed rail, was not only rejected by Florida, Ohio and Wisconsin, but in the one state where it has been pursued, California, not a single mile of track has yet been laid.

Four years into the Obama presidency, it is safe to say that the progressive plan to remake the U.S. economy has failed.

A legacy of green, liberal, hippie energy failure.

There has been a transformation of American energy production under Obama, but it has happened despite his policies, not because of them.

No union/environmentalist central planner set out to create hundreds of thousands of new jobs by perfecting new methods of extracting shale oil and gas from rocks thousands of feet beneath the surface. But that is exactly what the private sector has done. A recent IHS Global Insight report found the fracking industry supported 1.7 million jobs in 2012 alone.

None of this would have been possible had Obama succeeded in getting his cap-and-trade plan through Congress. Just look at California, which is one of the few states that has missed the fracking boom.

Not only did California pass the nation’s first cap-and-trade plan in 2010, but state environmental groups have successfully sued to stop fracking in the state. And just to be safe, the state Senate also passed a fracking ban this week. No wonder California has the nation’s highest unemployment rate at 9.6 percent.

Liberals often make light of conservative claims that the free market is perfectly capable of solving problems and creating wealth without government planning. But that is exactly what fracking has done for the U.S. economy.

And still the hippies oppose fracking despite the?mounting?evidence of success.