Wind power is:
Incapable of ever producing meaningful volume
In can only exist with government subsidies which means an entire industry is dependant on getting money from the government for their existence. That is never a healthy thing. Favoritism is the kindest word to describe what this inevitably leads to. Need I say “Solyndra”?
A company that does not need to make a profit in its own right is not a healthy thing either. If you have to make a profit, in a free-market society you have to produce a product or service that has value beyond its price or no one will buy it. When no profit is required, that discipline is missing. Your continued existence is dependent on your relationship with the federal government, not on the efficacy of your product. There is no need to add value to society.
This Looney Tunes style cartoon clip was released by Harding College (Arkansas) in 1948. It has had over 5 million hits so you may have seen it but I couldn’t resist posting it. You see, I graduated from Harding in 1948. Not the university in Arkansas, but from a High School in Connecticut (Bridgeport).
We didn’t have videos then, but we had movies. We also had trailers. Not the ones that go behind cars, these trailers went in front, in front of movies. There were Buster Keaton shorts, Movietone News and cartoons like the one below. Most were just entertainment but once in a while a trailer carried a message. So it is with this one.
Obama is mentioned at the very end. Not by name of course; it was 1948.
We will have analysis later in the day.