Here’s the Nonsense: The New York Times had a headline this week that said: “In Rush to Aid Solyndra, U.S. Missed the Warning Signs.” The media doesn’t get it on this issue (or many other issues for that matter). Many in the media act like this entire debacle was just overzealous enthusiasm for new kinds of energy and not really something corrupt.
Here’s the Horse Sense: When politicians jump into projects like Solyndra so fast and deep we would be wrong not to suspect corruption. Few, if any, politicians know anything about these technologies (or economics or business for that matter). This is a warning sign screaming for attention.
The green energy industry is pie-in-the-sky. Even if the technology were efficient (and Spain is a good example that proves why it isn’t), the U. S. cannot expect to develop jobs in new industries that countries like China can also enter. China’s low cost of labor and overhead and rapidly improving technological capabilities means it can produce at costs so far below the U. S. that only a fool would think America could compete with them. Unless and until America chooses to push hard for leadership in science we cannot overcome the competition from countries like China. We will continue to be a consuming nation and not a manufacturing nation. We must be so far advanced above other nations in the sciences that we are the only ones who can produce advanced technological products the world wants and needs. Then we can get the prices we need to support the higher cost of labor, higher cost of overhead, and higher cost of living an advanced society like ours requires.