President Obama's energy plan, with carbon taxes and inefficient green initiatives, is an economic downer. Price goes up for everybody, giving the government a chance to step in and subsidize the poor. Create a crisis, then be the hero by solving it for the dependent class you harvest votes from.
Unfortunately, it won't work that way on a global economic scale. Adding this on top of our already high corporate tax rate will just make it harder for our job-providing businesses to compete globally. Do you really think China will go green? When high energy prices chase businesses out of the US, those jobs are gone. But at least President Obama will pay your light bill when you're unemployed.
http://www.nytimes.com/gwire/2009/02/25/25greenwire-obama-stresses-investment-but-policy-battles-lo-9850.html?pagewanted=1
3 comments:
from today's WSJ:
"...you find that solar and wind sources are providing the equivalent of 76,000 barrels of oil per day. America's total primary energy use is about 47.4 million barrels of oil equivalent per day."
try to imagine the costs required to get the renewables up to any substantial level...and you will see the folly of this renewable energy bullshit. any effort to increase our use of renewable energy sources, at the expense of relatively cheap oil (especially right now), will cost taxpayers a fortune.
it's just one disaster after another with this guy. he can't be this dumb...i think he just doesn't care as he believes he is building a marxist utopia.
Yup. And then you've got tax cheat Geithner badmouthing oil and gas companies and saying they are bad for the economy.
Like you, I'm thinking they can't be so stupid as to believe their own BS. Big oil is bad for the economy? OK smartass, try running this country without petroleum.
This is unbelievable. All that's missing is beards, berets and AK-47s.
Liberals will never understand how free markets are better suited than bureacrats at deciding the advantages of things like dominant energy sources at any one given time.
The complexity of variables cannot be approached, much less accurately considered, by the use of central planning intellect.
We may as well pretend our intellect can decide better than a river which path it should cut.
SteveH
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