While it wasn't FDR-like, President Obama's firm hand in leading -- even dominating -- the healthcare "summit" last Thursday is beginning to reap rewards. More than half a dozen members of the House who voted against the plan last time around indicate that they are having second thoughts, and may vote for a Senate-like plan this time in order to get healthcare done.
There are many opportunities for the U.S. to move in progressive directions which will help the economy and bring back jobs. Healthcare is just one of them; green energy development is another, in which we are currently losing ground seriously to China. This is not your Chintzy-Unsafe-Toys gap, but the development of a significant new complex technology that we simply can't afford to sleep through. As usual, the PTR will fight a government "industrial policy", so Obama will have a chance to use some more of his newly-found semi-mojo.
Whoa, stand back.
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I'll be honest, I'm pretty skeptical whether China has a skilled enough labor force to pursue significant advancements in "green technology." They have been trying to pursue technology-based growth for over two decades and they have continually failed. One day that will change and they will transition to a skill-biased economy, but I don't think that day is anytime soon. Perhaps I'm wrong on this, but I don't think I am. Right now, I think, Denmark is going to continue being the green-technology leader since they have the skilled labor and the government incentive structure to pursue it.
ReplyDeleteObviously none of that diminishes your point that the United States should foster the green technology sector, I just wanted to make my comment about China.