You have to take from some, via taxes, borrowing that crowds out the private sector or money printing inflation, to give "stimulus" money to others. What is really going on is that money is taken from the mainstream America and given to the connected with lobbyists. It doesn't matter who those might be.
A Chinese firm, Xinjiang Goldwind Science and Technology, will supply three wind turbines that will be installed at the Field's Point Wastewater Treatment Facility on the Providence waterfront.
Goldwind is China's second-largest turbine manufacturer after Sinovel Wind Group. All this supposedly to benefit the U.S. economy/
Installation of the turbines is being funded in part by $750,000 in federal stimulus funds, reports The Providence Journal.
Cornell law professor William Jacobson comments:
Let me see if I have Obama's wind strategy straight:
There is nothing wrong with borrowing from China or buying their products, IF it is all done in the private sector, but this government involvement at every stage is simply micro-management that distorts the economy and sets up the opportunity for cronyism. When U.S. "stimulus" money ends up supporting Chinese windmill manufacturers, it's a signal things are way off kilter.We borrow money from China to buy wind turbines made in China which will increase domestic electricity rates so that our manufacturers are unable to compete with China.