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2012 - the year of Liberal Wreckoning |
Letter to the Editor To Comment on this article Click Here |
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A bit late for New Year's musings but the election of Mike Crawley as president of the Liberal Party of Canada has renewed my wide-eyed astonishment at the direction our country is taking. This big-time driver of the renewable energy lie, along with Ontario premier Dalton McGuinty and his Liberal friends, such as David Peterson and George Smitherman, lips planted firmly on the public teat of wind and solar subsidies, must also be sipping the champagne today ... and not the plunk we make in Ontario. It will be interesting to see if Crawley, former president of the Ontario wing of the Liberal Party, excuses himself from his association, to put it mildly, with International Power Canada and its ridiculously expensive, not to mention destructive, industrial wind power projects in Ontario. It has not been enough to receive the generous subsidies from his Ontario Liberal cronies, why not take the entire Ponzi to the national level? After all, the Ontario taxpayer has yet to understand that subsidies are actually our own money, and that as taxpayers, we are not nearly intelligent enough to decide who should get the dough. We quite rightly leave that to political hacks and bagmen to help us simpletons along. It is one thing to subsidize real industry like the auto sector, but completely another to subsidize a fraud. The public really doesn’t mind, though. Just say green. Just say renewable. Just say climate change. Just don’t ask me to actually look in to it, though. Wind and solar are no more the cure for what allegedly ails the planet than Weapons of Mass Destruction justified the latest Iraq War. Debt-ridden Europeans now realize that they have had their tax dollars embezzled by a phony industry, and Mr. McGuinty’s Ontario is desperately racing to invest in the scheme before the pathetic cabal is caught. Bernie Madoff is a rank amateur compared to this crew. Industrial wind turbines do not work. Any reasonable study concludes they are highly inefficient as an energy source, that they are derived from an ancient technology that is laughable in this day and age, that they are considered by most to be a blight on the landscape, an affront to anyone who truly believes in “Green Energy”, leave a massive carbon footprint from manufacture to installation, have pitted rural communities against their urban partners, neighbours against neighbours, are the cause of significant health problems for both people and livestock, and on top of it all, are an economic time bomb. There are no Wind Farms. There are only Subsidy Farms and all they grow is DEBT. No one is in the Wind business . Everyone is in the Subsidy business. These are not stand-alone profit centres. Take out the subsidies and you take out the business. In the United States, CBS News has recently counted 12 clean energy companies that are having trouble after collectively being approved for more than $6.5-billion in federal assistance. Five have filed for bankruptcy: The junk bond-rated Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and Solyndra. Of course, none of this will happen in Ontario, right? We don’t have a debt problem in Ontario, do we? Well, if you don’t think a debt load in a failing economy which approaches the national debt of Ireland is a problem, I guess we are just fine.
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Don
Drummond, former Chief Economist of TD Bank, tasked by McGuinty’s brilliant finance ministry to look at Ontario’s
budget is not so sanguine. He has painted a dire picture of the
province’s prospects unless massive spending cuts to many
departments are undertaken over the next six years. Among other
targets, he is expected to identify $2-billion a year in corporate
tax breaks and subsidies. I wonder how the Wind and Solar industry
will fare under the spotlight?
Oh, I forgot, we are waiting for 50,000 jobs. Studies in Europe have shown that four main-stream jobs are lost for every renewable energy job gained. We need this sort of financial engineering like we needed sub-prime mortgages, U.S.-style in 2008. Oops, forgot again, all this clean air we are breathing. Have a look. Are we breathing Ohio Valley air or Ontario air? Come on, look in to it! Unless McGuinty’s renewable robber barons can be stopped, it would appear that the rest of Canada will now be under siege as Crawley takes the helm of the Liberal Party. No doubt he will lay the groundwork for the Great National Wind Ponzi to come. Federal tax dollars from your pocket to his pocket. You invest for a return of zero, or less. See, you are at the back end of the scheme. That is how a Ponzi works. Those in the front get the gravy. Those at the rear get the grief. Welcome
to the Liberal Wreckoning of 2012. Paul
W. Reid Scrolling stops when you move your mouse inside the scroll area. You can click on the ads for more
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