Thinking Citizen Blog — “Marbled with Corporate Welfare”

Thinking Citizen Blog — Wednesday is Climate Change, the Environment, and Sustainability Day

Today’s Topic: “Marbled with Corporate Welfare”

Is the Senate’s 2700 page infrastructure bill a “major step toward climate central planning”? Is that a good thing? Is the bill “marbled with corporate welfare”? Is that unavoidable? Today, some excerpts from a recent Wall Street Journal editorial. Experts — please chime in. Correct, elaborate, elucidate.

A MAJOR DOWNPAYMENT ON BIDEN’S GREEN NEW DEAL

1. “The press corps seems bored with the Senate’s 2,700-page infrastructure bill since it’s destined to pass. But the bill is more consequential than the coverage, and one theme in particular deserves more attention. The bill is a major down payment on President Biden’s Green New Deal.”

2. “The Senate bill is a great leap forward for progressive ambitions to use central planning to re-engineer the electrical grid and banish carbon from the U.S. economy. The bill helps this political medicine go down by offering large subsidies that have co-opted the business lobbies.”

3. “Start with the $21.5 billion for the Energy Department’s new Office of Clean Energy Demonstrations, otherwise known as Secretary Jennifer Granholm’s green-energy venture-capital fund. Ms. Granholm knows this territory, having made many failed renewable energy bets as Governor of Michigan — including A123 Systems, Fisker Automotive and various solar manufacturers.”

EXAMPLES OF CORPORATE WELFARE

1. “a $6 billion rescue for struggling nuclear plants such as Exelon’s in Illinois.”

2. “United Airlines is investing in flying electric taxis, which will be eligible for federal loan guarantees.”

3. “Kenworth and Toyota are rolling out hydrogen-powered trucks to transport freight.”

NB “The dirty little secret of the climate agenda is that it is marbled with corporate welfare.”

THE POLITICAL GENIUS OF THE BILL

1. “The political genius of this bill is that it uses the label of “infrastructure,” which is popular, to disguise its much larger ambition of transforming the U.S. energy economy.”

2. “With the help of Senate Republicans, the Green New Deal is well underway.”

Opinion | Green New Deal, Part I

https://www.reuters.com/world/us/whats-us-senates-bipartisan-1-trillion-infrastructure-bill-2021-08-03/

https://en.wikipedia.org/wiki/American_Jobs_Plan

Click here for the last three years of posts arranged by theme:

PDF with headlines — Google Drive

YOUR TURN

Please share the coolest thing you learned in the last week related to climate change or the environment. Or the coolest, most important thing you learned in your life related to climate change that the rest of us may have missed. Your favorite chart or table perhaps…

This is your chance to make some one’s day. Or to cement in your own mind something that you might otherwise forget. Or to think more deeply than otherwise about something dear to your heart.

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Passionate about education, thinking citizenship, art, and passing bits on of wisdom of a long lifetime.

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John Muresianu

Passionate about education, thinking citizenship, art, and passing bits on of wisdom of a long lifetime.