Tom Friedman, as always, nails it right on the head:
"President Obama has chosen not to push for a price signal for political reasons. He has opted for using regulations and government funding. In the area of regulation, he deserves great credit for just pushing through new fuel economy standards that will ensure that by 2025 the average U.S. car will get the mileage (and have the emissions) of today’s Prius hybrid. But elsewhere, Obama has relied on green subsidies rather than a price signal. Some of this has really helped start-ups leverage private capital, but you also get Solyndras. The G.O.P. has blocked any price signal and fought every regulation. The result too often is taxpayer money subsidizing wonderful green innovation, but with no sustainable market within which these companies can scale.
Let’s fix that. We need revenue to balance the budget. We need sustainable clean-tech jobs. We need less dependence on Mideast oil. And we need to take steps to mitigate climate change — just in case Governor Perry is wrong. The easiest way to do all of this at once is with a gasoline tax or price on carbon. Would you rather cut Social Security and Medicare or pay a little more per gallon of gas and make the country stronger, safer and healthier? It still amazes me that our politicians have the courage to send our citizens to war but not to ask the public that question."
His new book is out too. It's been an interesting read thus far, although I'm only about 10% of the way in right now.
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