Wednesday, November 19, 2008

Here Comes the Greenie-Industrial Complex: What May Come Out of the Obama Administration

Micro-managing with no clue about basic economic principles appears to be the driving force behind Barack Obama's first 100 days. With the ascent of unions and the Greenie-Industrial Complex as icing on the cake.

At The Wall Street Journal's CEO Council Conference, Obama's incoming chief of staff Rahm Emanuel told the audience, according to WSJ, that "a major economic stimulus would be 'the first order of business' for Mr. Obama when he takes office Jan. 20. The focus of spending will be on infrastructure, specifically 'green infrastructure,' which he said would include mass transit, upgraded electricity transmission lines, 'smart' electrical meters that allow consumers to save money by using electricity at off-peak hours, and universal broadband Internet access, which he said would encourage telecommuting."

With regard to unions, he said, "unions are addressing the concerns of a middle class that has seen U.S. median income slide over the past eight years, while health care, energy and education costs have soared."

He stressed that the new administration would "throw long and deep," taking advantage of the economic crisis to push wholesale changes in health care, taxes, financial re-regulation and energy.

Everyone of the proposals listed by Emanuel will slowdown the economy, create huge opportunities for pork and suffocate the producing class. The United States is about to enter a new stage of decline.

No comments:

Post a Comment