He dang sure did and I lost about $13,000 invested in Farmer’s Coop bonds. That was back when I couldn’t write a check for that much. Best loss I ever took and one of the best investment lessons ever learned.
Investments that won’t make money without a subsidy aren’t investments worth making.
“Who wins this clean energy race,” Mr. Zhao of Sunzone said, “really depends on how much support the government gives.”
Here’s China http://www.nytimes.com/2010/09/09/business/global/09trade.html?pagewanted=3&_r=2&th&emc=th And us. The BlueGreen Alliance Foundation organization dedicated to research and education about the job-creating potential of global warming solutions and other environmental investments. BGAF works with the BlueGreen Alliance to achieve its mission. The BlueGreen Alliance is a national partnership of labor unions and environmental organizations dedicated to expanding the number and quality of jobs in the green economy, and includes the United Steelworkers, Sierra Club, Communications Workers of America, Natural Resources Defense Council, Service Employees International Union, Laborers’ International Union of America, Utility Workers Union of America, American Federation of Teachers, Amalgamated Transit Union and the Sheet Metal Workers’ International Association.
Guess who wins?
Any wonder we outsource? Meanwhile, Germany plans to build 27 coal-fired plants by 2020. Italy plans to increase its reliance on coal from 14% today to 33% in just five years. In Europe, 40 new major coal power plants are set to be built.
And Obama admits he wants to bankrupt the coal industry, and that his energy policies will cause consumers’ electricity rates to “skyrocket.”
http://blog.heritage.org/2008/11/03/morning-bell-he-left-the-truth-in-san-francisco/print/