Let’s Artificially Raise the Cost of Energy So Alternative Energy Can Compete – Ridiculous Strategy
Posted on November 5th, 2009
Apparently, our solution for getting the United States economy back on track so it can recover from the sub-prime lending housing bubble burst is to create another bubble in the alternative energy sector that might provide jobs while simultaneously cutting down on the CO 2 m atmosphere. Now that Congress has put forth a bill for a Cap and Trade scheme that they believe will solve all these problems, we are told everything will be fixed. How so you ask, how can that be? Well, it’s not, but that is how they are playing it in the media.
We were promised that the economic stimulus and voting in the current gentleman would provide 6 million “new jobs.” At least during the election campaign this is what Junior Senator Barack Obama promised. Later after he was elected they changed that to be 4.8 million jobs that would either be “saved or created.” Now, they are down to 2 million jobs, which will be “saved or created,” but since Barack Obama has become president of the United States our nation has lost 10 million jobs and far surpassed their worst economic predictions of an unemployment rate of 8 1/2%.
We are now approaching 10% and it does not look like it will stop, as state governments are now laying off because their injury their new budget for the next fiscal year, some states are pushing 12-15%. But, despite the fact that nothing has worked, the Obama administration is pushing forward on their alternative energy initiatives, one of which includes this cap and trade bill.
If enacted it will increase the price to produce energy from the coal-fired plants, which deliver 60% of our energy and give money to alternative energy projects so they can be developed, and built to come online to replace the coal-fired plants, thus reducing the CO2 emissions. Well, at least that is the ill-conceived plan anyway.
All this will do is raise the cost of energy for everyone, and it will build yet another bubble in the alternative energy sector, and prevent the alternative energy sector from ever operating efficiently and producing a profit. This is just one more attempt at the government getting in the way of things that it does not understand and this time it will be worse than the Enron disaster by at least 100-fold.
This time the government wants to trade “air” and create yet a new commodities market. The whole concept is utterly ridiculous, and if not monitored correctly has the possibility of shutting down the lights on the American economy. Please consider all this.
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Tags: Alternative Energy
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