Thursday, June 19, 2008
Most troubling is John Mccain, who as a Republican, should know better.
Karl Rove sums it up nicely.
This past Thursday, Mr. McCain came close to advocating a form of industrial policy, saying, "I'm very angry, frankly, at the oil companies not only because of the obscene profits they've made, but their failure to invest in alternate energy."....
Most dramatic change comes from new businesses, not old ones. Buggy whip makers did not create the auto industry. Railroads didn't create the airplane. Even when established industries help create new ones, old-line firms are often not as nimble as new ones. IBM helped give rise to personal computers, but didn't see the importance of software and ceded that part of the business to young upstarts who founded Microsoft.
So why should Mr. McCain expect oil and gas companies to lead the way in developing alternative energy? As with past technological change, new enterprises will likely be the drivers of alternative energy innovation.
Quick, name the last Republican president who was better for the economy than Bill Clinton.
Remember, Clinton signed NAFTA, much to the howls of a majority of the Democrats.
But what does that have to do with my post?
! Sometimes I forget that conservatives and liberals not only have different values, but different "facts" and different histories.