Big Green's ability to kill a country's economy

 Stephen Moore:

Remember how the world, especially the American media, fawned over former German Chancellor Angela Merkel?

The adoration was so over the top that in 2015 Time magazine named Merkel its "Person of the Year." It described her as the "Chancellor of the Free World."

Time owes whatever readers it has left a solemn apology. Today, Germans are suffering the bitter fruits of nearly every major economic and geopolitical decision Merkel made as chancellor.

Start with the German economy that she attempted to reset for the 21st century, which is reminiscent of how President Joe Biden explains to inflation-weary voters that we are going through "an incredible transition."

But Merkel's Germany was ahead of us in its "transition." Today, the German economy is in tatters. A recent headline from Business Insider summarized the chaos: "German Industries Could Collapse Due to Russia Natural Gas Supply Cutbacks." The Daily Telegraph recently described Germany as "the sick man of Europe." Things are getting so desperate that the Germans are now considering rationing gas for their major industries to keep the lights on.

How did one of the five wealthiest countries in the world so quickly careen into this economic ditch?

It was Merkel's vision of a new Germany. Merkel was the one who made the decision a decade ago to move Germany away from fossil fuels and nuclear power and instead "go green." Her green energy crusade, which environmentalists heralded as a model for the world, nearly bankrupted the German manufacturing economy until the entire solar and wind energy debacle was scuttled. (Sadly, Biden apparently never got that memo.)
...

Big Green puts economics on the road to destruction and it does so on the false premise that it is necessary to save the world. 

See, also:

There’s No Despot So Tyrannical As A Green Politician

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more