The 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.
