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He should have invested in astroturfing. Great growth business..!
Seriously, we need to move this direction, and some efforts will fail. Most businesses fail. Truth be told. But if one of them hits a new innovation, we could well be leading the world in the environmental field. I would not call it a total failure. A disappointment perhaps.
This article suggests these attacks on the green energy are largely political screeds:
And THIS makes you happy Why? So you can use it to bash Obama? The world NEEDS alternative energy. Maybe you are too old to be concerned, but there are lots of people in their 20s and 30s who definitely are concerned.
If it needs it, let the free market work and let it find ways to do it quicker and cheaper so it is a reasonable cost, rather than government picking losers of companies and subsidizing their unprofitable ways.
Not being interested in partisan bashing, my concern is with market demand for wind turbines. Siemens talks about tax relief, but that is BS. If there was strong demand, they wouldn't even mention it. Can somebody explain why demand for alternative energy is not increasing? Is there another alternative source that beats wind? Also, why can't Siemens export some of their produce overseas?
It has long been understood, since the time of Adam Smith, that one of the central failures of the free market is that it tends to massively under-invest in research and development.
I'm going to guess he has a better handle on the weaknesses of our market system than most of you armchair CEO's in here.
That's not to say this was the right set of bets for the government to take. But any argument about how the free market is going to somehow handle our knowledge creation needs is just flatly, massively ill-informed, fact-free, and ideological in the worst possible way.
Not being interested in partisan bashing, my concern is with market demand for wind turbines. Siemens talks about tax relief, but that is BS. If there was strong demand, they wouldn't even mention it. Can somebody explain why demand for alternative energy is not increasing? Is there another alternative source that beats wind? Also, why can't Siemens export some of their produce overseas?
Wel I got something that is "Green" and Renewable it can heat your home and boil your water and cok your fod al I need is a my Chainsaw and go cut down some pine beettle infested trees and then chop into Cords a bunch of cords and buput them under the covered stairwell from the Rain and get a decent sized wood pile and plant a new seedling to Replace the tree I cut down that was dead or dying anyways and instead of it burning in a forest fire I burn it to keep my house to warm it up my hot water tank and it is Green and Renewable and pretty sure logs are exportable.
Give it up. China already leads in green energy manufacturing. We lost this race before we even got to the starting line.
The Feds just used stimulus money to buy solar panels from China. [Source] Yes, that's against the rules, but they did it anyway.
Of course, this came right after a solar plant in NV closed up after about a year's operation, despite receiving over $20 million in federal tax credits and grants. [Amonix]
These are bad news and the government's actions are ludicrous, (unless they couldn't find those specific panels in US). Anyway, I read that even subsidized, the Chinese solar panels aren't much in demand and they had to slow down production.
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