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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (5553)	3/4/2009 1:37:10 PM
From: RetiredNow	Read Replies (1) \| Respond to of 86350

True. I think we're backsliding on welfare and that's not good. But Keynsian economics is exactly what we need right now to lessen the damage from business and consumer spending contraction. That should end and reverse when the economy recovers, but good luck with that. Our gov't is good at increasing spending but very bad and cutting spending. As far as carbon taxes, I think you may be looking at this too simplistically. The truth is that there are huge costs of pollution and environmental costs that are being passed on to consumers in stealth mode. Economists like to see these externalities monetized in the form of taxes on the offending industries. Then that money raised can be passed back to consumers and renewable energy industry in the form of tax incentives and research grants. Is it a shift in energy focus that will be bad for oil and coal? Yes. Will it be bad for our economy overall? I don't believe so, because the shrinkage in the oil and coal industries will be more than made up for within the renewable energy industry. That means more wealth for this country overall and more and better jobs. Therein, lies our debate.