Wednesday, August 06, 2008

 

Change We Can Believe In

We believe it won't work, because we know it doesn't work

From the BBC:
Mr Obama, speaking on Monday as he celebrated his 47th birthday, put forward plans to reduce US dependence on foreign oil in 10 years.

"Breaking our oil addiction is one of the greatest challenges our generation will ever face," Mr Obama said as he visited Michigan, home to the ailing US car industry and set to be a key battleground state in the election.

"It will take nothing less than a complete transformation of our economy."
Away from free choice and capitalism towards government mandates and socialism.

The Wall Street Journal:
And yet there's more miracle work to do. Mr. Obama promises to put at least one million plug-in electric vehicles on the road by 2015. That's fine if consumers want to buy them. But even if technical battery problems are overcome, this would only lead to "fuel switching" -- if cars don't use gasoline, the energy still has to come from somewhere. And the cap-and-trade program also favored by Mr. Obama would effectively bar new coal plants, while new nuclear plants are only now being planned after a 30-year hiatus thanks to punishing regulations and lawsuits.

Problems like these are the reality of "alternative" energy, and they explain why every "energy independence" plan has faltered since the 1970s. But just because Mr. Obama's plan is wildly unrealistic doesn't mean that a program of vast new taxes, subsidies and mandates wouldn't be destructive. The U.S. has a great deal invested in fossil fuels not because of a political conspiracy or because anyone worships carbon but because other sources of energy are, right now, inferior.

Consumption isn't rising because of wastefulness. The U.S. produces more than twice as much GDP today per unit of energy as it did in the 1950s, yet energy use has risen threefold. That's because energy use is tethered to growth, and the economy continues to innovate and expand. Mr. Obama seems to have other ideas.
He sure does. Impose a command and control economy on Americans by taking power from the people.

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