February 14, 2011

In his State of the Union address, President Obama sounded conciliatory and called for bipartisanship. But he also called for many other things that worry us, such as green energy, green cars and so forth. All of these initiatives require a great deal of government intervention. If one analyzes them carefully, and the president is correct, the only way to amortize the fixed cost of converting to the green economy is if they are adopted en masse (like his health care legislation).

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