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The Energy President
Electing Our Next Energy System
In the world of energy and scarcity, the name of the next president will matter to us quite a bit. “People are policy,†as Ronald Reagan used to say.
But then again, a lot of energy and scarcity facts defy party labels. The energy resources are out there.
They are what they are and where they are. We can exploit the resources or not. But it’s not like in Star Trek. There’s no “dilithium†power source out there to keep the economy running.
So for the next president and his administration, it’s a question of doing something. The U.S.…
10Sep2008 | The Penny Sleuth | Comments Off | ContinuedElection 2008: The Achilles’ Heel of Obamanomics
Presidential hopeful, Barack Obama, recently told The Wall Street Journal that he intended to lift the United States out of recession through a burst of government spending on infrastructure and a venture capital fund for the new energy sector.
Obama has made few economic mistakes in his campaign – he avoided the economically counterproductive proposal to cut petrol taxes between Memorial Day and Labor Day backed by both John McCain and Hillary Clinton – but he has shown his Achilles’ heel with this proposal. There may be many reasons to increase government spending, to better defend America or to introduce a more generous…
19Jun2008 | Money Morning | Comments Off | Continued
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