Green Energy and Rail Get an F
by Panos Prevedouros, PhD FixOahu.Blogspot.com
Election politics are behind us so it is a good time to post the economic report card for President Obama's first term issued by The Economist on September 1, 2012.
I am pleased to see that for the two areas of "green energy" and "rail passenger transportation" The Economist gives the President an F. These are indeed the two areas that I completely disagree with both the President, Hawaii's Governor, most of Hawaii's current political establishment, and with the environmentalists of Sierra Club.
Indeed, biased taxpayer black holes deserve this.
It is my hope that this F along with today's sad news of the death of US Senator Inouye along with the retirement of US Senator Akaka (this is a 1-2 knockout punch for Hawaii to the very bottom of US Senate seniority combined with Hawaii's rock bottom seniority in the US House) will infuse sanity and restraint into the brains of local decision makers.
Cuts are painful, but cutting wasteful projects* is productive and necessary to avoid a nosedive.
(*) The rail, transit oriented development, wind farms, limitless solar subsidies, inter-island cable, government solar farms, cookie-cutter housing on prime agricultural land, North Shore mega-developments along a single, jammed 2-lane country road, ...