Hillary Clinton's Green Fantasies

First, a view of what you would say if you took Hillary's issues seriously:

Hillary Clinton and the Green Machine

Hilary Clinton has made her commitment to action on Global Warming a key plank of her campaign. A special push on this has been in her campaign in Iowa, where a huge amount of corn is grown, and now is being processed into ethanol for gasohol blends. Some of these planks were laid out in a speech at an out-building of a bio-diesel plant in Newton, Iowa on November 8th. Hillary has a plan to address America's energy and environmental challenges that will create as many as five million new jobs.

She is a leading supporter of the cap and trade system for carbon emissions, which means issuing, selling and trading permits for all power plants and other industrial facilities to burn coal, oil and other hydrocarbons. Some of the things she is proposing don’t sound particularly realistic. I mean can we really reduce carbon dioxide emission by 80-percent without totally collapsing the industrial economy? That seems to be an open question. And of course, if you limit cars to 55-miles per gallon, will they be able to carry at least four passengers, and a couple of suitcases? However, with the development of “green industries” it certainly would be a transformation of our economy in any case.
Other green initiatives on Hillary’s plate are modernizing 20 million low-income homes to be energy efficient, and to phase out incandescent light bulbs in favor of the more energy efficient fluorescent bulbs now on the market.
Perhaps what are most interesting are the financing schemes for these initiatives. She would set up a $50-billion Strategic Energy Fund to pay for many of her ideas, and to co-finance them. Sounds like a bit of a throw back to Franklin Roosevelt’s Reconstruction Finance Corporation, which did work. A lot of these ideas seem futuristic and not necessarily possible, so each one should be looked at closely. The approach of having a real federal effort to solve problems is good, but what if Global Warming is a pure fantasy?