‘Clean energy' is money wasted
Obama also cites the need to compete with other countries in developing the energy industries "of the future." The Brookings scholars argue that higher living standards depend on growing productivity, not the global market share of U.S. industries. ...Having China or someone else develop clean-energy technology might be to U.S. advantage; let them pay the inevitable start-up costs; then we can adapt the discoveries to our own needs.
June 19, 2012
by Charles Lane
in Washington Post
In blackjack, doubling down is a high-risk, high-reward move. If you think you can win, based on the first two cards dealt, you bet 100 percent more - but you also pay for the privilege by agreeing to take one, and only one, additional card.
Doubling down is also the semi-official metaphor of President Obama's energy strategy, as we know from his speech in Cleveland last week: "My plan would end the government subsidies to oil companies that have rarely been more profitable - let's double down on a clean-energy industry that has never been more promising."
Blackjack pros like doubling... [continue via Web link]