MARK STEYN: Obama’s Magical Thinking on “Green Jobs.” “This $447 billion does not exist, and even foreigners don’t want to lend it to us. A majority of it will be ‘electronically created’ by the Federal Reserve buying U.S. Treasury debt. Don’t worry, it’s not like ‘printing money’: we leave that to primitive basket-cases like Zimbabwe. This is more like one of those Nigerian email schemes, in which a prominent public official promises you a large sum of money in return for your bank account details. In the case of Ben Bernanke and Timothy Geithner, one prominent public official is promising to wire a large sum of money into the account of another prominent public official, which is a wrinkle even the Nigerians might have difficulty selling.”

Plus this: “So, based on previous form, Obama’s prediction of 1.9 million new jobs will result in the creation of 92,000 new jobs, mostly in the Federal Department of Green Jobs Grant Applications.”