Blowing Hot Air
By Amit Singh | Saturday, March 6th, 2010 | PolicyThe stimulus is finally creating jobs, for the Chinese. As the Obama Administration wants to base a new economy on green jobs which will require new products like solar panels and wind turbines, the expectation was the U.S. would lead the way in innovation in building the green products everyone in the world would want after signing off to Cap and Trade at Copenhagen and in turn boost exports to unprecedented levels. The one minor problem with the idea is that foreign countries like China already can make wind turbines cheaper than the U.S. can to the point even the folks down in West Texas are giving the Chinese a contract.
If we truly want America to lead the way to a better environment and help our economy at the same time, then let our engineers compete with the best of the best and attract the best talent from around the world by creating an economy that does not punish 40% of your success. Unlike my father, fewer foreign students of our engineering graduate programs are staying in the U.S. because the opportunities back home are increasingly better.
Better technology will lead to a cleaner environment and more jobs but that is best achieved via the Free Market which has proven time and time again it can innovate and not subsidies which continues to deflate our progress.
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5 Responses to "Blowing Hot Air"
So your complaint is that US buyers are taking advantage of the (not really, but good enough to be called) Free Market for big purchases? Or is it that there is something standing in the way of dropping our standards down to China’s, so we can also wreck our environment and labor force in pursuit of euphemistic “cost savings”?
Just wait for the foreign drill ships to show up off Virginia with their foreign crews.
@MB, what part of $787B of Federal Stimulus is considered the Free Market? personally, I don’t subscribe to the “Buy American” propaganda but rather advocate buying the best product for the best price regardless of who builds it. the point of the posting is to further demonstrate the unintended consequences of large govt programs which are meant to do one thing but end up doing another.
So where’s the damage here, in your view? Someone is buying according your preferences, and so . . . what?
Unintended? The intent was to get money and jobs flowing in the US. So let’s see, US companies are making large purchases for equipment that will be installed by American workers in the US that will result in lower long term energy costs in the US? Oh, yeah, *total* fail.
The first reading of your post gives off the impression that the problem is that it’s not creating enough American manufacturing jobs. But that’s not it, right? It’s that . . . the gov’t program doesn’t do what you don’t approve of, in the first place? Umm, okay.
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