Robert F. Kennedy recites some startling facts demonstrating that if you want to see how to really invest in one’s economy, you should follow the lead of China, not the United States:
The Chamber has continued to argue, idiotically, that energy efficiency and independence will somehow put America at a competitive disadvantage with the Chinese. Meanwhile, the Chinese have shrewdly and strategically positioned themselves to steal America’s once substantial lead in renewable power. China will soon make us as dependent on Chinese green technology for the next century as we have been on Saudi oil during the last.
While the U.S. is busy using massive amounts of tax dollars to prop up corrupt Wall Street banks, China is weaning itself off of fossil fuels.
Erich-
It seems that the Chinese are acting as though peak oil were here or something. From the article:
This green spending is concurrent with their ongoing efforts to lock up remaining supplies of oil, as I briefly mentioned here. See also this article on Chinese oil buying.