Obama's Back To The Future Energy Policy

Investor's Business Daily ^ | 4/4/2012 | John Merline

[IBD editorial writer]

President Obama describes his energy policies as ones that "invest in stuff that's new" and "stop subsidizing stuff that's old."

But several of Obama's energy priorities are very "old stuff" -- wind, electric cars, batteries, trains -- much of it predating the gasoline engine, and little finding much commercial success despite massive public investments.

[ClearCase_guy]

Stop supporting anything that works.
Invest heavily in anything that doesn’t work.

[wita]

Been blowing that horn for years. Wind power went out with rural electrification in the 30’s. It is a latter day scam, dependent on subsidies, bad science, and good salesmen to keep it afloat. It should be used as a torture instrument for long nosed environmental busybodies. At 30% efficiency on a good day when the wind is blowing, and not too little, and not too much, it is not the poster child for future usefulness. A lot of someones, have conveniently forgotten too much history, and doom follows.

[FrankR]

[cliffco]

I think he’s trying to run Capitalism in the ground! Vote Republican!