Juan Williams was on O’Reilly last night. He was defending the idea that the government should invest more in infrastructure to benefit the economy. He gave the example of China and India’s economies which are booming and pointed out that China is “investing”. Never mind the admiration for the communist model.
What is China investing in? From the New York Times:
“Every week to 10 days, another coal-fired power plant opens somewhere in China that is big enough to serve all the households in Dallas or San Diego.”
So, they are building coal fired power plants to produce the cheapest electricity possible (half the price of gas and nuclear and a fraction of solar and wind) to make their products as inexpensive as possible so that there exports continue to grow. And India is right behind them in building coal plants and expanding trade.
What are we doing? Why, we are investing in “Green Technologies” and in so doing, making our products more expensive to produce so that we can kill our export market further. While China and India are exempt from any proposed greenhouse gas rules, they seem quite supportive of this “strategy”. I wonder why. We are even expanding the failed ethanol program to increase fuel costs and unemployment more than killing off Gulf oil drilling has already done. Obama conspires to increase the costs of our stuff while they decrease the cost of theirs. They should pay him or at least give him a state dinner to thank him!
I understand that Obama will be suggesting tonight on The State of the Union that we double down on this stupid, stupid pursuit. And there will be “Much Rejoicing” (obscure Holy Grail reference) from from the House floor. Amazing.