Boy,
do I have a deal for you! For just 100 large, the tenth part of a
million, you can save $3,100 a year for the next ten years!
But wait, there's more! There is no need for you to spend even one red cent -- the upfront money comes right out of Obama's stash. That's right, OPM -- other people's money!
Sound absurd? Not in the Age of Obama. Exeter, NH recently installed a 50,000-watt solar array at their Public Works Department. See "Beam Me Up! New Exeter Solar Array Almost Done" by Jason Claffey of the Exeter Patch. The array will save Exeter approximately $31,000 over the next ten years. Is that a good thing? Oh, yes...for Exeter. For the rest of us, maybe not so good, considering that the upfront costs were $100,000. Yep, $3K-a-year payback on a $100K investment. Obama's stimulus, the American Recovery and Reinvestment Act, fronted the $100K.
I was so incredulous that I called the town hall and talked to the spokesperson for the project. We had a long and pleasant conversation in which we agreed that we were political polar (bear) opposites (which did not and should not make for personal enmity). She told me that the facts as presented in the linked reference are accurate. When asked if she found it disturbing that they had spent $100K to save $31K, she told me that in addition to being a good deal for Exeter, there was a significant reduction in CO2.
The Exeter anecdote is an example of Obamanomics and our PHUBAR (phonied up beyond all recognition) monetary policy.
What is Obamanomics? In a piece in the Wall Street Journal honoring Milton Friedman on his 100th birthday, Stephen Moore wrote, "Obamanomics may be the most expensive failed experiment in free-lunch economics in American history."
What is our PHUBAR monetary policy? In the same article, Mr. Moore went on to say, "Equally illogical is the superstition that government can create prosperity by having Federal Reserve Chairman Ben Bernanke print more dollars."
But wait, there's more! There is no need for you to spend even one red cent -- the upfront money comes right out of Obama's stash. That's right, OPM -- other people's money!
Sound absurd? Not in the Age of Obama. Exeter, NH recently installed a 50,000-watt solar array at their Public Works Department. See "Beam Me Up! New Exeter Solar Array Almost Done" by Jason Claffey of the Exeter Patch. The array will save Exeter approximately $31,000 over the next ten years. Is that a good thing? Oh, yes...for Exeter. For the rest of us, maybe not so good, considering that the upfront costs were $100,000. Yep, $3K-a-year payback on a $100K investment. Obama's stimulus, the American Recovery and Reinvestment Act, fronted the $100K.
I was so incredulous that I called the town hall and talked to the spokesperson for the project. We had a long and pleasant conversation in which we agreed that we were political polar (bear) opposites (which did not and should not make for personal enmity). She told me that the facts as presented in the linked reference are accurate. When asked if she found it disturbing that they had spent $100K to save $31K, she told me that in addition to being a good deal for Exeter, there was a significant reduction in CO2.
The Exeter anecdote is an example of Obamanomics and our PHUBAR (phonied up beyond all recognition) monetary policy.
What is Obamanomics? In a piece in the Wall Street Journal honoring Milton Friedman on his 100th birthday, Stephen Moore wrote, "Obamanomics may be the most expensive failed experiment in free-lunch economics in American history."
What is our PHUBAR monetary policy? In the same article, Mr. Moore went on to say, "Equally illogical is the superstition that government can create prosperity by having Federal Reserve Chairman Ben Bernanke print more dollars."
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