Sunday, December 15, 2024

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Flawed Progressive Thinking

By Crossen

To the Editor:
I (and several others) have written letters that render “facts” that fuel emotional, shortsighted responses from the progressives.
As with other writers, the deficit, government spending, stimulus funds, alternative energy and existing fossil sources, demonizing successful individuals/companies have been the general topic.
I wrote a letter indicating how our first Industrial Revolution created an economy that, (yes it made the wealthy richer) doing so, industries created opportunities creating a middle class found in no other country. Commentary has suggested that during that timeframe children were forced into labor. The child labor concept was accepted policy in Europe long before and after our development. Those European owners and family members were the sole management whereas the U.S. industry developed a middle class.
The Progressive faction of the Democratic Party argues that wealth distribution and inequality of pay will solve poverty. Since 1965 the government has spent over $20 trillion to correct poverty. One writer went so far as to do the math of taking one half of trillions of those wealthy and corporations. I wonder if and when the trillions evaporated or were transferred to an offshore account that would replace the $16,000 “given to the poor.” Considering that “social justice concept” if that writer has a three-bedroom home and only two people share it, what if a family or five or six was living in a two room apartment? Would they be entitled to his home or share willing in his equity?
The president and media report that the 1 percent have gotten richer, the middle class and poor denied a share of that prosperity. Attempting to save in a C/D or passbook account, interest rates are less than 1 percent. Bond investment yields are historically low. However, if you are lucky to have a 401k or invest in the stock market you most likely made money. The Quantative Easing Policy by the Federal Reserve to banks, (printing trillions at 0 percent interest to banks) undermined our savings and bond interest rates. Noting the QE Policy caused the greatest boom on the stock market. The president demonizes the wealthy but it was his QE Policy that contributed to the economic divide.
The president’s policy on alternative energy is rarely challenged considering those failures in solar/battery energy, Fisker auto (losing 39 million tax dollars). To date, over a billion tax dollars have been lost, including those investments of job creation. Recently a solar farm in Las Vegas was commissioned and now birds perceive the panels as water and or a lake land and are fried. So far the Sierra Club does not have an issue. A sidebar to the Sierra Club, Las Vegas received a loan from the DOE of $1.6 billion for a solar farm. Besides the high costs of $125/mwh, birds perceive the panels as water and are fried when they land. The point, damaged earth recovers naturally but fried avian not that lucky.
Why is it that most people do not consider that the Alternative Energy Policy eliminates coal-fired plants (supplying 52 %percent of the electric power), natural gas line at the B.L. England (damages the pinelands?) should remember Oyster Creek nuclear is closing. Any time there is a shortage or greater demand for any product your costs increase. But the understated fact is that all wind, solar and magic dust energy require a fossil energy plant backup.

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