On Friday, Reuters reported that a foreign wind manufacturer with plants in the United States has decided to lay off upwards of 800 workers, due largely to uncertainty over the looming fate of the wind production tax credit. (Sidebar: How is it that President Obama seems to be against offshoring on principle when it comes to Mitt Romney’s business investments; but when it comes to foreign companies offshoring jobs to the United States, it’s suddenly perfectly okay? I merely point out the logical inconsistency in promoting a free and open global economy, hem hem.)
The wind industry has been on the receiving end of the production tax credit for almost two decades now, plus other means of government coddling, and they still can’t get it together on their own competitive merits. Who for goodness sake honestly “expected” that Vestas would be a paragon of productive jobs? When you throw that onto the ash heap of the Obama administration’s other recent green-energy messes, all of this unbridled bureaucratic optimism at the expense of our tax dollars has already shot way past ludicrous — but don’t worry, it’s most certainly not political. It’s all for the sake of safely securing our “green-energy future,” or whatever.
keyboard shortcuts: V vote up article J next comment K previous comment