Michigan: Microcosm of the Myopia

Discussion in 'Energy' started by PoliticalChic, Oct 18, 2011.

  1. PoliticalChic
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    PoliticalChic Diamond Member

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    1. In 2009, then-Gov. Jennifer Granholm touted the $725 million Wixom renewable energy park project as “symbolic for Michigan in what we’re going to become.”

    2. ...solar power companies were supposed to create 4,000 jobs in a closed auto assembly plant and provide a vivid example of Michigan’s economic transition from automobiles to green energy. In return the state approved a $100 million tax credit.

    3. ...of the nine solar power companies that were approved for state tax credits...[m]any have fizzled with reports that the companies are laying off employees at a time they were supposed to have been adding jobs.

    4. ...companies that have been approved for state tax credits for four different projects that were supposed to add about 5,700 jobs...companies announced layoffs this year. Evergreen Solar opened a solar plant in Midland in 2009. The company announced in August it was filing for bankruptcy.

    5. Gov. Granholm touted Suniva and Evergreen Solar in a Feb. 25, 2010, Huffington Post column in which she wrote, “Last May, I first posted here about how Michigan would lead the green industrial revolution. Some folks scoffed at that idea. They said I was too optimistic. They said Michigan would never lead in a green economy. We're working to prove them wrong.”

    6. “Despite over a decade of subsidizing solar projects, the state has little to show for it,” said James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.
    Sun Not Shining on State Solar Subsidies [Michigan Capitol Confidential]

    Another day....another Democrat endorsing solar power projects....another flop.

    Could it be...it's not a good idea???

    Callling Barack Obama...calling Barack Obama.


    Good thing we elected "the best and the brightest!"
     
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  2. Old Rocks
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    Old Rocks Diamond Member

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    Losers and winners in any new technology. Thus far, solar has been a winner for Oregon, and, with the research at Oregon State University and Portland State University, it looks to be a real winner for us in the future.

    Greg Rorrer | <none> | Oregon State University
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    Marketing and politics.
    Strange bedfellows.
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    Yes. That is a true statement. And, with competition for new industries and jobs, there are some pretty faulty decisions being made. At the same time, a few astute ones, also. But those don't get the publicity of the poor decisions.
     
  5. PoliticalChic
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    PoliticalChic Diamond Member

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    Choosing winners and losers.....

    ....sure ain't capitalism....
     
  6. Wry Catcher
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    Wry Catcher Platinum Member

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    Only fools and conservatives doubt the need and viability of green energy efforts - but I repeat myself.
     
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  7. asterism
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    asterism Congress != Progress

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    Then why aren't they working even with huge subsidies?
     
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  8. PoliticalChic
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    PoliticalChic Diamond Member

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    Wry is one of the Left who doesn't understand economics....or is that redundant?


    (Trying to teach Wry a new word....)
     
  9. Old Rocks
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    Old Rocks Diamond Member

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    They are working wonderfully here in Oregon. Both wind and solar. Over a 1000 jobs just in the one Solar World plant. Many more jobs in the wind turbine industry. Good paying jobs.
     
  10. PoliticalChic
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    PoliticalChic Diamond Member

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    Remedial:

    A basic tenet of American capitalism is that supply precedes demand, as can be see in the case of all airports being closed down: the long lines of people unable to get to their destinations is the demand that cannot be fulfilled. This is why entrepreneurs must be given a free hand to produce, to speculate, as the building of more and more airports will lower prices, increasing demand. This is especially true in the case of new technologies.

    Both high taxation and over regulation place a damper on this freedom.
    “The proceeds from these speculations? the capital paid for stocks and bonds ? may seem misspent. In the long run, the results are called infrastructure, and they are what economies are built on.”
    “Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
    On the Contrary - In Technology, Supply Precedes Demand - NYTimes.com


    The socialism to which you subscribe has hardly worked out as well as capitalism...

    ...have you seen Greece recently?


    Further, I would hope that the crossroads at which you and I find ourselves will lead to a discussion of Article I, section 8, and what authority is accorded the federal government.

    See, Rocks....unlike the majority, I believe that you actually can learn.
     

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