Sarah Palin has been published in the Washington Post criticizing Barack Obama’s “Cap and Tax” energy policy. This appears to be an early evidence of why she resigned her appointment as Governor of Alaska. To take over the role of “Leader of the Opposition” as the now disheveled GOP Republican Party seems to have nobody but the ineligible Dick Cheney to foster its support base? That certainly seems the case, or Dick would have been less assailable in the media. Sarah Palin fares no better.
When she says (and I quote):
“In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.”
“The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.”
If it is tempting to swim not against the stream of this logic – maybe if we understood supply-side economics or not seems to be an idea solved by education rather than conversion.
Her next statement widens the gaffe. Skip the bit where she attacks Obama as she rightfully should, providing more than a pipsqueak of embarrassed opposition – at least she is willing to take a lead in actually arguing against ardently liberal policies. Ignoring any actual effect but instead a fiction of safety wrapped nuclear and predictable oil outcomes as sources of cheap energy that is the right of every American (ignoring any future).
She goes on:
“We must move in a new direction. We are ripe for economic growth and energy independence if we responsibly tap the resources that God created right underfoot on American soil. Just as important, we have more desire and ability to protect the environment than any foreign nation from which we purchase energy today.”
If God created the energy underfoot, then in her idea of the world that was created 6000 years ago – there is an end date and the popular belief of her brand of this philosophy appears to think that it is our birthright (and probably, duty) to expend all the energy (or, God may be offended). Ignoring science, as science is not clear. If we ignore science, the enforcement of “end times” upon the language of culture can be glossed over and missed.
It only makes sense to continue along the path of global destruction if you believe in no future for far future generations. If however you disagree with “end time” thinking, and see a future that potentially goes on for millions of generations of humanity – then you find this sort of faith rather dispiriting, as it limits the future to a desolate struggle for dwindling resources and polluted air. Who wants that?
It is not that we can not use oil. But using all the God-given oil means polluting our atmosphere to such an extent that all humans would die as the food chain is no longer supported. All life depends on the light of the sun reaching the ground.
But humans will die before trees. The winds from temperature imbalances will be more destructive in ensuing centuries. The floods will be far more devastating. When major cities become consistently drenched, the costs will be outlandish. And Sarah Palin will quote the Bible saying that will happen and then do everything in her power to make darn sure she is right.
Her logic reeks of judgmental aggression that tilts more liberally minded people over the edge into ardency.
But is she correct? Is Obama’s Cap and Tax policy going to consign America to being owned by China, Russia and Saudi Arabia? How so? Is not the goal to reduce energy reliance upon oil, not to increase it?
Sarah Palin’s policy is wrong as it creates infrastructure that is dependent upon oil and requires the consumption of oil to support it. It is like keeping a heart patient alive by forcing blood through their veins.
The patient etherized on the table is not the economy, that has proven how resilient it is to profound shocks. If the international economy could absorb Bernie Madoff much less Bear Sterns much less Lehman Brothers then the structures of the economy are more profoundly elastic and solid than we may have believed.
The thing that democracy got right is the constant ability to adapt to overcorrection. Obama’s policy is designed to reduce the stimulus to produce oil and increase expenditure on sustainable means that the US can export for hundreds of years.
Sarah Palin needs to review the long term economics. Her plan has immediate benefits over the medium term and long term excessive costs. There comes a stage in the future when the costs will outweigh the benefits.
Obama’s plan reduces returns for carrying on with oil, encourages investment and progress in other sources of energy. Without that innovation, oil will remain the currency of power.
I predict instead that within ten years water or hydrogen energy sources, or solar energy collection or something we have yet to find will provide plenty of free energy and the new currency will be technology. The real economic risk for the USA is that someone else gets there first.
Sarah Palin’s Washington Post article