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Steve posted a short piece about this today, and I would like to expand upon it. Let me begin with the words of Dr. Donald Berwick, the President’s original pick to head the Centers for Medicare and Medicaid Services.
Let’s all say the words at the same time … business expenses. You know – expenses – the fixed and variable costs that companies incur as they spend money in an effort to put people to work and make a profit. Politicians are now in the habit of referring to “big oil subsidies” that are…
You have read the headline correctly. The Obama administration’s Commerce Department has imposed a tariff on Chinese solar panels imported from China. The administration complains the Chinese government has subsidized their own solar manufactures and unfairly put US manufactures at a disadvantage.
With little fanfare, the federal government will no longer subsidize ethanol in 2012. This subsidy has been a thorn in the sides of many, and now, it is no more.
The Wall Street Journal did an excellent piece today concerning what most of us call corporate welfare. If the Congressional Super Committee is serious about reducing our budget deficit, they would be wise to read this article. You, on the other hand, might be wise pouring a stiff drink before you do so.
Our President has declared that we must reduce our dependence on foreign oil. And, there are still many that believe that carbon dioxide contributes to “global warming”. So, imported oil (and apparently domestic as well, see: the Gulf drilling moratorium) is “out”, and solar is “in”. Let’s examine that.