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Left And Right Politics

…plus the cream in the center.

Government Is Spending Our Money On The Government

Posted by Billy On July - 18 - 2011

On Thursday, GE, General Electric announced that they made plans to purchase 25,000 electric vehicles, namely the Chevy Volt, with nearly half of them to be purchased during this calendar year. The rest will be bought as they (vehicles) are brought to the market. GE is a conglomerate of many other companies and is in the position to make these cars more mainstream. As it is now, General Motors has built 10,000 of these vehicles so far this year, but have only sold roughly 400. With General Electric stepping up to make this commitment, General Motors, feels it will give them the boost they (GM) need.

This news comes out only one day after the City of New York has decided to add seventy electric cars to the NYPD. Mayor Mike Bloomberg made the announcement by saying the Big Apple will lead by example, hoping to entice other urban cities to follow suit.

What I find disturbing about these two press releases is that the two entities that are buying electric vehicles, one is intertwined with the current administration and the other is a government entity. To add to the fact that the manufacturer of the Chevy Volt is the General (Government) Motors a company that took a major bailout of tax payer’s money to keep themselves from going bankrupt. There is a major conflict of interest here in these deals.

As it is General Electric’s Chief Executive Officer is Jeffrey Immelt, The man whom president Obama hand picked to be on the energy commission. This is also the one company that had a ZERO tax liability in 2010. Is it me or does anyone else see a problem with all of this? Immelt is quoted “Wide-scale adoption of electric vehicles will also drive clean energy innovation, strengthen energy security and deliver economic value.” It’s all amazing how this is exactly what the Obama Administration has been pushing since he starting running for president. Too bad green energy is still in it’s infancy and the government has no business footing the bill at this point. The government is not is the business business and should step back and allow the free market to work through the kinks of the industry to really see if it’s profitable and worth the risk.

At this point with regards to electric vehicles, it’s too soon for local governments to invest tax payer money into it before the industry improves the efficiency of its product. Currently these vehicles will only go as far as forty miles on a single charge and then has to be charged for hours before being able to do it again. How is that going to be efficient for the different departments of the city of New York to do it’s job, especially the NYPD? Let’s not even get into the price tag for one of these vehicles. They are nearly double the price of a standard gas powered car that the police are using now. It will take years, if not decades to seen the benefits of these vehicles. Once these vehicles have been improved to go much further than they do now, then I say yes, let’s do it.

*UPDATE*
After writing this article, news came out about the electric car company Green Vehicles closing it’s manufacturing plant after the city of Salinas invested $500,000 into the company with the hopes of creating 70 new jobs and bring in $700,000 annually in taxes.

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A Libertarian Viewpoint

Posted by Billy On January - 29 - 2010

This post was written by Ricky, a long time Left & Right Politics reader. We’re happy to share his thoughts here.

As a libertarian, I feel that there is much to be done for America, particularly with regard to the central banking industry and the corporate welfare that we have been promoting with all of the big-bank bailouts. It is alarming to think that as a country we will accept the fact that we could let our government spend more than $100 billion to save companies that are using practices that do not work. This simply has taught the banks that they are too big to fail and that they can never do wrong and will always be propped up.

What does this tell them about how they should conduct their business? It tells them that they don’t need to change any policy and can participate in any business that reaps the fastest short term benefits imaginable. Companies that function on a short term profit model will always fail if they are not going to be considering what kind of incentives exist for the employees. The incentives need to be for rewarding long term growth options and not simply what looks the best for one year’s balance sheet.

If it weren’t alarming enough that we are subsidizing one set of the economy, we are currently planning on taxing another side of the economy by imposing artificial cap and trade incentives to actually not produce anything! A cap and trade law designed to limit carbon emissions to attempt to address the “global warming” that is being plastered across newspapers and media to distract from the serious issues affecting our economy. If there is in fact a global warming problem, companies will be jumping at the opportunity to create a solution as soon as it becomes economical for them to do so; not based on punishing them for their industry but rewarding them for their creativity in solving a problem.

The reason why there aren’t any companies at the moment addressing this issue is that it has not been sufficiently proven to be an economical detriment to our society yet the sentiment is that something must be done and it will be our industries that take the hit while our over-seas competition gets the advantage of unimpeded production. Lastly, the issue of the drug war that is costing our country billions in prosecution has done nothing but create criminals out of people that are doing something that has no victims except themselves. While many of the problems with drugs are societal involving addiction and poverty, the violence that is associated with the illegal trade would be quickly nullified if we were to legalize drugs.

As a stepping stone, the simple legalization of marijuana, a non addictive substance with less harmful side effects than alcohol, and free up millions in resources that could be used to reduce tax burdens on small businesses and actually create taxable industry within the united states by licensing marijuana growers, distributors, and retailers.

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