Author Topic: Green Manufacturing Boom Will Lead to Dangerous Bust  (Read 278 times)

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Offline rangerrebew

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Green Manufacturing Boom Will Lead to Dangerous Bust
« on: April 28, 2023, 06:28:55 pm »
Green Manufacturing Boom Will Lead to Dangerous Bust
April 28, 2023
 

COMMENTARY BY
 
Jack Spencer

Jack Spencer is a senior research fellow for energy and environmental policy at The Heritage Foundation.

“America is Back in the Factory Business” declared a recent Wall Street Journal headline. 

On its face, this should be good news. Investments in expanding manufacturing capacity are a sure sign of a strong economy. Moreover, bringing more manufacturing back to the United States is a good way to mitigate the risks to America’s global supply chains that COVID-19 exposed—or more accurately, the risks exposed by governments’ response to COVID-19. 

But not so fast. 

A closer look at the economy tells us that something very different is afoot. This industrial expansion is not the result of strong economic fundamentals but rather is a response to the Biden administration’s massive taxpayer-funded subsidies for so-called green energy. In other words, American companies are not investing capital because they are optimistic about the economy or because they see consumer demand for certain products increasing but because the government is paying them with taxpayer money to do so. 

Like so much of the Biden agenda, this so-called manufacturing boom is full of hot air. 

And it is about to get worse.

https://www.dailysignal.com/2023/04/28/green-manufacturing-boom-will-lead-to-dangerous-bust/
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Offline DefiantMassRINO

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Re: Green Manufacturing Boom Will Lead to Dangerous Bust
« Reply #1 on: April 28, 2023, 06:35:17 pm »
A solar panel factory with subsidies from Mass State Government went belly-up years ago.  They couldn't compete with the Chi-coms dumping panels on the market.
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Offline Smokin Joe

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Re: Green Manufacturing Boom Will Lead to Dangerous Bust
« Reply #2 on: April 29, 2023, 08:10:05 am »
Solyndra...

(with massive kickbacks to the Democrats).

We've seen this before, just this time it's even more money we don't have.

At some point, though there will be battery manufacturers/recyclers leaving Superfund sites with lithium all over and no place to dispose of it. Not to mention thousands of worn out EVs with little or no parts value.
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