Thursday, August 23, 2012

Wind Energy Generating A Lot of Mud

Forbes

  • But GOP-hopeful Mitt Romney is hitting on a different angle, also one that the American people support: Giving away billions in taxpayer dollars to industries that would not otherwise be competitive, all at a time when the federal debt is the highest it has ever been.
  • skeptics are also saying that wind energy is an intermittent fuel that must always be backed up by a power source that can begin generating when the wind dies down, making it expensive to operate.
  • Romney is saying that the monies given to wind and solar are providing a low-overall return in terms of job creation and economic productivity.
  • Either one would “raise the average cost of generating electricity … because, in the absence of the standard, regulators and generators would generally choose the lowest-cost method of producing electricity.” [ what a mind boggling statement.  Of course you choose the lowest-cost method.  Duh!]
  • Finding an acceptable compromise is therefore the only path forward.
No. There can be no compromise.  No More Subsidies for anybody.

What kind of jackasses do we have in power anyway?  This article is written up in Forbes of all places.

We in heap big doo doo kemosabe.

Update:

I remembered a Ronald Reagan quote that works very well with this post:
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

That sums up Obamanomics perfectly, and why IT DOESN"T WORK.



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