An imposing wall prominently divides the visions of
President Obama and congressional Republicans when it comes to economic
growth and creating jobs. Solyndra is on one side and the Keystone pipeline is on the other.
These two energy projects tell a dramatic yet revealing story, one that explains our slow economic recovery, our burgeoning federal debt, and our over reliance on Middle Eastern oil.
Solyndra – a bankrupt, federally subsidized solar project – and Keystone – a proposed pipeline carrying oil from Canada – are really symbols of a larger narrative, serving as examples of two distinct economic and governing philosophies. The Keystone approach supports free markets, encourages private investment and relies on technology instead of regulatory mandates to produce energy. The Solyndra model advocates prescriptive and detailed Washington planning, massive federal spending, and recasts energy bureaucrats as venture capitalists.
The first approach would create hundreds of thousands of rewarding American jobs, generate new tax revenue and reduce our dependence on energy from unfriendly sources. The second wastes taxpayers’ money, allows Washington to pick winners and losers and does little to promote American energy independence or create jobs.
These two energy projects tell a dramatic yet revealing story, one that explains our slow economic recovery, our burgeoning federal debt, and our over reliance on Middle Eastern oil.
Solyndra – a bankrupt, federally subsidized solar project – and Keystone – a proposed pipeline carrying oil from Canada – are really symbols of a larger narrative, serving as examples of two distinct economic and governing philosophies. The Keystone approach supports free markets, encourages private investment and relies on technology instead of regulatory mandates to produce energy. The Solyndra model advocates prescriptive and detailed Washington planning, massive federal spending, and recasts energy bureaucrats as venture capitalists.
The first approach would create hundreds of thousands of rewarding American jobs, generate new tax revenue and reduce our dependence on energy from unfriendly sources. The second wastes taxpayers’ money, allows Washington to pick winners and losers and does little to promote American energy independence or create jobs.
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