kootch88 wrote:I beleive he said he would be creating new jobs in alternative energy and other new technology sectors,
Not going to happen if history is any clue. There's a Spanish University study
citing 2.2 Jobs lost for every Green job created. Spain is often cited by many promoting green energy as the model however the chickens are coming home to roost. The 2.2 jobs lost is the tip of the iceberg. They have increased their renewable energy to 30% however this was done through government mandates and subsidization. Sound familiar? The mandates for example required power distributors to purchase power from renewable sources up to 10X the market value
. To stop costs from spiraling out of control and a general backlash from the population they allowed the distributors to sell the power to consumers at a loss. They power companies have accrued an enormous deficit, the one article I read is they will have raise rates 35% for 15 years to cover the cost of the electricity and repay the debt. This has all transpired in few short years starting around 2001ish.
This is basically the same thing they want to do here. It's inevitable it will be a disaster for so many reasons it would take a book to write them. The basic problem is once you take the competitiveness out of of market it's going to falter. The renewable energy market will have no reason to innovate and develop affordable energy.