John Lounsbury
John Lounsbury
Send Message
John Lounsbury
Stop FollowingJohn Lounsbury
More on GRN by John Lounsbury
COMMENTS STATS
3,793 Comments
9,799 Likes

Infrastructure ETFs Aren't the Only Things That Can Be Helped by Obama [View article]
An alternative possibility: Job creation through direct government stimulus may face such strong headwinds from economic misery that it will be slowed and not achieve currently proposed targets in the near term.
I agree that a major new economic revolution in energy technology is starting, but it may start more like the technology revolution started in the 1970's than as tsunami over the next 5-10 years. The immediate benefit of a tsunami would probably be paid for with another bubble collapse by 1920, so the more gradual start might not be a bad thing in the long term. The down side is the extended pain over the next 2-3 years and the extended time of high dependence on fossil fuels, as well as the imported oil financial and security exposure