Re: What Are the Consequences of Obama Failing?Aug 2nd, 2009
You make a good point, Extrafire, debt (and deficit) indeed is a big problem, and that is where the unstoppable object may hit the immovable wall. Deficit problem must be tackled at some stage. However, now is not the time to tackle it.
There are tentative signs that economy may be stabilizing, the worst may be over.
But don't hold your breath; if he's dumb enough to implement that cap and trade tax, the result from that alone will be catastrophic.
Now here I disagree with you. First, there are no indications that cap and trade will pass, I understand it is in trouble in the Senate.
Second, even if it is passed, I donítí see anything catastrophic about it, it probably will stimulate green jobs. Incidentally, even if McCain had been elected, cap and trade would still have passed, he was a supporter of cap and trade.
Somewhere I have a quote from an article about Spains experience with "green" jobs but I can't lay my hands on it right now. If memory serves, for every green job created it cost two conventional jobs and 2 million dollars.
Here's an example of the kind of people that profit from "green" jobs.
The climate-change industry ó the scientists, lawyers, consultants, lobbyists and, most importantly, the multinationals that work behind the scenes to cash in on the riches at stake ó has emerged as the worldís largest industry. Virtually every resident in the developed world feels the bite of this industry, often unknowingly, through the hidden surcharges on their food bills, their gas and electricity rates, their gasoline purchases, their automobiles, their garbage collection, their insurance, their computers purchases, their hotels, their purchases of just about every good and service, in fact, and finally, their taxes to governments at all levels.Quote has been trimmed
These extractions do not happen by accident. Every penny that leaves the hands of consumers does so by design, the final step in elaborate and often brilliant orchestrations of public policy, all the more brilliant because the public, for the most part, does not know who is profiteering on climate change, or who is aiding and abetting the profiteers.
Some of the climate-change profiteers are relatively unknown corporations; others are household names with only their behind-the-scenes role in the climate-change industry unknown. Over the next few weeks, in an extended newspaper series, you will become familiar with some of the profiteers, and with their machinations. This series begins with Enron, a pioneer in the climate-change industry.
The first in a series by Lawrence Solomon.
And creating jobs in itself isn't necessarily a good thing. Increasing employment to produce the same amount of goods or services increases costs to the consumer, making the populace generally poorer. The people who put out this info think that's a good thing, thus demonstrating their complete lack of understanding of economics.
To produce 1000 Giga-Watt hours of electricity per
542 jobs with wind
248 jobs with solar thermal
116 jobs with coal and
only 100 jobs with nuclear fission
And to see what would happen to the US, all one has to do is look and what's going on in loony California.
California: Harbinger of National Doom?Quote has been trimmed
If you were given the perfect country, could you mess it up as bad as California? Begin with fertile, productive, well-irrigated soils capable of growing just about anything. Add vast agricultural tracts and miles upon miles of wine country with lush, bountiful vineyards. Include majestic mountain ranges containing rich deposits of gold, silver and other useful metals, and covered with thick, immense forests with every type of timber imaginable. Toss in critical navigable rivers to move these resources to market. Insert vast oil and natural gas deposits while you are at it, along with wind, water, geothermal and solar resources. Give it a long coastline with beautiful beaches, plentiful fresh water, ocean fisheries, many natural harbors, a well-connected transportation grid with first-class roads, rails and airports too. Donít forget universities at the cutting edge of technology and an unparalleled educational system.
Bestow all the natural building blocks necessary for a well-balanced, diversified, leading economy that is virtually guaranteed to bring unparalleled prosperity to your peopleóa smorgasbord of natural blessings. Then on top of it all, throw in days spent skiing at sunrise on Lake Tahoe and swimming at sunset in San Francisco the same day. This is the Golden State.
Yet California is imploding. And it is dragging the rest of the country with it.