Yesterday, the American people chose Barack Obama as the country's 44th president, promising a sea change in US policy that could affect not just the US, but the whole world.
Here we take a look at what Obama has pledged over the lengthy presidential campaign, to see what his administration will mean for science and technology.
With what money??? Don't get me wrong, science and technology investments are crucial to the US staying competative going forward, but I'm afraid this is an investment I find it hard for him to fund right now. I might be wrong, but this is probably one of his first campaign promises to be left behind on the trail...
There's one piece of that article that troubles me. Proposing to reduce green house emissions to 1990 levels is still a catastrophically high amount of green house pollutants being allowed into the atmosphere. True, levels have accumulated over two centuries of industrialization. But how long does it take for those levels to drop?
Rapideye, yes, we would have to deficit spend, and many economists say that during this current crisis, the best answer might be to spend MORE money. I know it sounds like a dumb idea, but Nobel Prize-winning economist Paul Krugman explained this about a week ago on NPR's Fresh Air show. I urge people who want to understand our current crisis to find this show online and listen to it.
I don't disagree that we have to deficit spend, some, to get out of this hole, but I get really worried because we are already running a _RECORD_ deficit. At what point to we claim insanity?
I completely understand your fear, and I share it to some point. but again, I encourage everyone to listen to the "Fresh Air" episode with Krugman. He'll talk you down from the ledge! :) Here's the link...