Wednesday, December 23, 2009
One more outrage
I was driving home yesterday after posting my list of this year's indefensible government gaffes, when I happened to hear a story on Marketplace that fits right in with my last post. Apparently, 84 percent of the federal clean-energy stimulus subsidies so far have gone to foreign companies. That's right, while 1 in 10 American workers languish in unemployment lines, companies like China's Shenyang Power Group and Spain's Iberdrola will be using American tax dollars to create jobs overseas. The Marketplace reporter interviewed an "expert" who thought helping foreign companies develop green technology was just fine, because it would help them do their part for the environment. Beyond the obvious outrage of borrowing money from China to create Chinese jobs, there's a bigger point that's being missed. If green technology is the wave of the future, and we help foreign companies develop the infrastructure to build it, then we're just relegating future generations to second-class status. All this raises the question: are Obama and the Democrats just short-sighted, or do they actually hate America?
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