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Technology Stocks : Cisco Systems, Inc. - Off-topic postings
CSCO 73.11+0.3%Oct 31 9:30 AM EST
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To: GVTucker who wrote (191)9/11/2008 6:11:42 PM
From: RetiredNow  Read Replies (1) of 230
 
Well, I agree on some of your points. Subsidies aren't bad if they are structured correctly, though. For example, the problem with the ethanol mandate and subsidy is that they have targeted a specific technology and mandated it. They chose the wrong technology and now we are all suffering for it. The best subsidies are those where they apply broad subsidies to an industry and let the industry and free market decide which is the best solution for the problem. So I'm for subsidies for end users who purchase vehicles that get high gas mileage or use electricity as their energy source. I'm for increasing CAFE standards to 50 mpg within 10 years. Things like that. There are many different solutions to increased gas mileage. That is why choosing just one of those solution, ethanol, should not be something the government decides. The free market is better at deciding that. However, the free market needs policy stability. So if we decide we're going to subsidize the alternative energy industry, then for heck's sake, let's put one in place for 10-20 years. Not this renew every year B.S. That doesn't do any good. It just creates havoc in the industry.

But keep in mind, that the government is in neck deep on subsidizing oil. So we can't have a discussion on letting the market decide the right solution until you bring the subsidies between those industries into parity. Get rid of those oil subsidies and force the oil companies to pay for their own security abroad to secure their oil supplies and we'll see just how much oil and gas will cost in this country.
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