Saturday, May 9, 2009

Green Economy my Ass

In her radio address today, Governor Granholm again touted the miracle of Green Business and how it is going to save Michigan. She conveniently failed to mention that United Solar Ovanics just put its Greenville plant on a two week shutdown and is postponing opening a new plant in Battle Creek until orders pick up.

I have nothing against wind turbines, solar cells, battery powered cars and the rest of it - but these industries are highly competitive, global and cyclical. They're also not all that big. As for the Governor, she did nothing to promote renewable energy for her first five years in office and Michigan fell behind dozens of states in authorizing a Renewable Power Standard - the essential first step to attracting renewable power. And when the RPS was finally voted in, it was part of a sweetheart deal for Consumers and Detroit Edison.

The Green Economy is going to be a real deal but it is not the magic wand that is going to cure Michigan's economic disaster. By focusing everything on this new fad, other businesses struggle, and wonder where's the love for them?

1 comment:

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