What happens if a $1 client investment incurs a $440,000 loss? You’d probably go to jail. But that’s exactly what happened in one California county, which spent close to a half-million dollars of stimulus money for each “job” it supposedly “created.” Forget the political aspects; it’s an economic boner of epic proportions.
I often rail about politicians who screw up—Barney Frank’s fiscal Armageddon, David Vitter’s penchant for prostitutes—yet cling to office. Like many, I was heartened by the message sent in November’s election, although it’s still undetermined if said message was received.
Nothing gets me more fired up than the so-called “new energy economy.” It isn’t new, it doesn’t produce much energy and as a self-sustaining economy it ranks near the nation of Nauru.
“The efficiencies aren’t even close to where they need to be” to act as a legitimate oil alternative, a good friend and new energy consultant repeatedly tells me.