AOC’s Green New Deal Secret Exposed

Last week, rising liberal star Alexandria Ocasio-Cortez submitted a House resolution that's being called the Green New Deal. But what is it really all about? Energy and Capital editor Luke Burgess explains... You are receiving this email because you subscribed to Energy and Capital. [Click here]( to manage your e-mail preferences. [Energy and Capital logo] AOC’s Green New Deal Secret Exposed [Luke Burgess Photo] By [Luke Burgess]( Written Feb. 11, 2019 What is the Green New Deal? And how will it affect energy investors? Last week, rising liberal star Alexandria Ocasio-Cortez submitted a House resolution calling for a series of public work projects, programs, financial reforms, and regulations specifically aimed at addressing climate change. Right now, this resolution is the most official version of what’s being called the Green New Deal. Leading up to AOC’s recent bill, there was quite a bit of disagreement over what exactly the Green New Deal is and should involve. And there’s still some. The Washington Post quoted GND backer Rep. Raúl Grijalva (D-Ariz.), saying on Friday, “There’s not unanimity. I’m sure there’s colleagues that feel that should have been more prescriptive than it is. And I’m sure there’s colleagues that feel that we’re providing an issue to the other side.” So what exactly does AOC’s most recent Green New Deal do? Well, nothing. LEAKED: Government Document Reveals Trump’s Plan to Pay Supporters $7,492 We’ve just discovered a [special income loophole in a leaked government document](. And anyone who takes advantage of this loophole can rake in fat checks like $3,384... $4,982... and even $7,492 — month after month! But there’s an urgent March 8th deadline to grab your share of these huge cash payouts. [Click here now to see the government document yourself and claim your first check as soon as the next batch goes out.]( In its current state, AOC’s Green New Deal wouldn’t create any new federal programs. Instead, it mostly serves as a collective agreement that the House will focus on climate change in its policy decisions going forward. So a win for this bill would be nothing more than a symbolical victory for climate change advocates. AOC’s resolution claims that the United States has contributed a disproportionate amount to climate change relative to other nations and therefore has a greater responsibility to curb its greenhouse emissions. One item of particular note is that the resolution calls for a 10-year plan that aims to meet “100 percent of the power demand of the United States through clean, renewable, and zero-emission energy sources.” As pointed out by James Temple, senior editor for energy at MIT Technology Review, “That suggests the entire nation should run on wind, solar, and maybe some geothermal electricity. It’s an absurd strategy for rapidly and affordably reaching the low-to-no-carbon energy system required to limit the threat of climate change.” Right now, the Green New Deal is nothing more than a bunch of rhetoric and politicians shaking hands. So for energy investors, AOC’s resolution is probably a non-event. But the GND has something else up its sleeve. The Green New Deal has a secret. It Consumes Half the Energy We Produce A single device, invented back in the 1820s, has become so prevalent in modern consumer and commercial technology that it consumes more than half of the electricity produced globally. You’ll find it in every cell phone, every laptop, every electric watch, every car, truck, and motorcycle on the road, both electric and gas-powered. Every ship, every train, every aircraft, and every satellite circling the Earth. Without these devices, the modern world wouldn’t be possible. And yet, since its advent, its basic design has never been changed. Until today... [Find out how this tiny tech startup just flipped a $3 trillion industry upside down.]( You see, at the core of the Green New Deal is a federal jobs guarantee, which specifically aims to create “green” jobs through the public sector. That means without the jobs guarantee, there is no Green New Deal. (Editor's note: The Washington Post published an article overnight with a statement from Saikat Chakrabarti, Ocasio-Cortez’s chief of staff, who said, "The job guarantee is in the resolution. We are absolutely not backing off from that or anything else in the resolution...") Of course, there’s much more that’s been added to the proposal, including financial reforms focused on wealth equality and regulations aimed at the 1%. But the jobs guarantee is the heart of the Green New Deal. So at the end of the day, you really wouldn’t be too wrong in thinking that the Green New Deal is just a Jobs Guarantee wrapped in green packaging. Now, this is really interesting... Because the Green New Deal isn’t the only rapidly expanding progressive policy with a federal jobs guarantee at its core. The raging sensation that is Modern Monetary Theory (MMT) is just as committed to a jobs guarantee program as the GND, maybe even more so. So what we have is 1.) a major government initiative and 2.) a paradigm-shifting macroeconomic theory, both with a federal jobs guarantee at their core. What’s that about? Who’s behind this federal jobs guarantee idea? Well, of course, there’s no one person behind the idea. But I think we can say without reservation that the Levy Economics Institute of Bard College is a major contributor. And I think it’s fair to say Stephanie Kelton, economics professor at Stony Brook University and former Economic Advisor to Bernie Sanders during his 2016 presidential campaign, is the leading public voice promoting MMT. Now, I personally believe that a tempered and apolitical federal jobs guarantee is actually a great idea. I’m not necessarily against some of the proposals. But I think it’s important for people to know exactly what they’re supporting. At the end of the day, if you support the Green New Deal, you’re also supporting a federal jobs guarantee. Until next time, [Luke Burgess Signature] Luke Burgess P.S. If you want to take a look at AOC's proposal, check it out for yourself [here](. Enjoy reading this article? [Click here]( to like it and receive similar articles to read! Browse Our Archives [The War on Sulfur]( [Investing in Cannabis Edibles Stocks]( [Slow and Steady Wins the Money]( [The Most Underrated Long-Term Investment in the World Today]( [Time to Buy Cobalt Again]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. 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