Re: Obamanomics
NO.
In order for his energy policies to work, going green has to be cheaper than oil. Something that is not part of reality now.
At this moment, your point is very true but the problem is that green and oil are not playing on the same level field. End all tax credits, subsidies and any other form of gov't welfare to both green and oil and let them openly compete against one another. And while you are at it, do the same for Natural Gas and Electricity and then let these compete head to head with wind, solar and even micro-hydro. If people understood the true costs of these forms of energy that currently sit in the driver seat in this country and those costs made fully transparent, the argument on which way to go would vastly and drastically change.
Everyone loves to proclaim just how great America is in technology and innovation but ponder this fact a moment. Over 100 years ago, an internal combustion engine was mounted on 4 wheels and people began to use this device as a means of conveyance. 100 plus years later, people mount an internal combustion engine on 4 wheels and use this device as a means of conveyance. So where's the great leap in innovation and forward thinking? The only change has been is the speed you travel and at what comfort level which any mode of transport can do that.
bbsam nailed it on the money when he said:
No politician wants cheaper gas these days. That tax revenue is sorely needed and nobody talks about it.
It's the entire central planning model of public policy that restricts the leaps in progress no different than the same central planning models in the old Soviet Union failed their people too. Remove the gov't from this entire structure and the innovation and technological leaps will once again return.