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Let’s Be Gone With the Wind
National Review, by John Fund

Original Article

Posted By:johngalt1, 12/28/2012 1:01:06 PM

President Obama likes to talk about making sure “the biggest corporations pay their fair share.” Treasury secretary Tim Geithner calls for tax reform to close loopholes and subsidies. Budget hawks say federal spending must be curbed. Congress and federal environmental regulators claim they are doing everything they can to save endangered species. By doing nothing and waiting for December 31 to pass, all of those folks could strike a blow in support of each of these policies. All they have to do is let the federal production tax credit (PTC) for wind energy expire on schedule this coming Monday.

Comments:
The Stone Age didn’t end because we ran out of stones. Coal fired ships didn’t replace multi-mast clipper ships because the winds ceased to blow. Henry Ford didn’t shoot people’s horses out from under them to get them to by his Model T. In these and hundreds of other cases, older technologies were replaced by more efficient innovations driven by customer pull, not government push like the massive wind energy boondoggle John Fund describes in this article. Let the wind turbine subsidies end like the corn-ethanol subsidies did last year. Let the eagles soar safely once again!

      


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Reply 1 - Posted by: nonsense, 12/28/2012 2:03:49 PM     (No. 9087707)

I don´t think that Obambi believes in wind or solar energy, it is just another way to spend money and bankrupt the country. Just like his EO today to give raises to all Federal workers. It seems as if the House does not control the purse strings when an EO is available for an end run around the peoples´ finances.

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Reply 2 - Posted by: ladychatalie, 12/28/2012 7:07:30 PM     (No. 9087990)

It seems to me like the federal government is the "biggest corporation" of all, and they need to pay their "fair share."

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Reply 3 - Posted by: Stopstoreload, 12/28/2012 9:27:01 PM     (No. 9088098)

Other people´s money continues to be too easy to spend. Therein lies the rub.

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