THE ECONOMIST magazine rains on the parade of greenies that think a New Deal to clean the environment and make money would end up being a bad deal. From the story:

"The easy notion that there is a single solution to the world’s economic and climatic problems is, thus, a dangerous one. Yet there is a synergy, though a subtler one, between the two issues. In the midst of a financial crisis seen as emanating from Wall Street, a demonstration of leadership would help burnish "Brand America". Combating climate change, which demands technological and financial resources of the sort that only America has, offers the right sort of challenge. The world needs America to lead the fight against climate change. But if Mr Obama goes about it the easy way, rather than the right way, he will discredit the cause he espouses, and thus damage the planet instead of saving it."

On a somewhat similar note, about 400 windmills now surround town I live in. They look a bit like the WAR OF THE WORLD on top of the hills.. but they're not moving. Maybe they're still being installed. Or perhaps Eastern PA just isn't as windy as some people hoped it would be..?

Labels: depression, Economy, environment, Money, recession, Wall Street