Obama's Right, America Needs an Industrial Policy

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Obamas right , we need an industrial policy , are you kidding ? All of a sudden this idea just poped out of Obamas butt ! How about a policy of lower taxes , less goverment regulations and red tape , the list can go on , things the right and the Tea Party have said for years and Reagan proved worked

Hunter of WI 8:28PM January 25, 2011

'Investing' tax money is code speak for more spread da wealth, very selectively, by picking winners and losers in advance, on the basis of what someone 'thinks' should be done.
For the next five better yet ten years, dump the notion of 'investing' tax money in this, that, or the other. We'll be better poised to take on the future for it.

dom youngross of OH 6:05PM January 25, 2011

WHAT !!!!! Ok, later you said we produce. Just want to make it crsytal clear we are now world leader:
"Manufacturing Surprise: The U.S. Still Leads In Making Things"
By John Keefe | Jun 21, 2010
"We all know that the U.S. has lost ground as a manufacturing power in the world economy, thanks to emerging countries’ ability to make things more cheaply. But did you know that in spite of all the rhetoric, and more to the point the erosion of those important advantages, the U.S. is still the world’s leading manufacturer? It is, but won’t be for long."
http://moneywatch.bnet.com/economic-news/blog/macro-view/manufacturing-surprise-the-us-still-leads-in-making-things/2134/
Universities are already working with business. Have no problem with more. We Americans joined in joint venture to manufactory new batteries. This new plant will give us over supply. America already has these battery type plants. Am sure present plants would be happy to add a line or go to 3 shifts. Expand if necessary. How is this like rail roads in 1800's when success was not assured.
Reagan's “Government isn’t the solution. Government is the problem” is still correct. Government now requires business to make out a 1099 for every $600. That is added cost.
Closing down Gulf and other areas for oil mean more imported oil. Believe Canada is biggest imported for us. Oil from oil shale:
"Estimated U.S. oil shale reserves total an astonishing 1.5 trillion barrels of oil – or more than five times the stated reserves of Saudi Arabia. This energy bounty is simply too large to ignore any longer, assuming that the reserves are economically viable. And yet, oil shale lies far from the radar screen of most investors."
Most on government land.
Oil Shale Reserves http://dailyreckoning.com/oil-shale-reserves/#ixzz1C5NE04Re
Burn oil found in America instead of import. Government needs the oil royalties, we need the high paying jobs. Tell barry to stop waving regulations for his buddy BP.
We know jobs created by stimulus were very expensive ones. Better done by private sector. Most of time tax credits can do the job.

Bill Hedges of MO 5:08PM January 25, 2011