America’s China Problems

March 5, 2013

President Obama, as in his first term, has made the promotion of green jobs and manufacturing the cornerstone of his economic recovery plan. Yet even before Congress passed an extension of the Wind Production Tax Credit (PTC) on the evening of Tuesday, Jan. 1, in a post-election, lame duck session, American wind turbine manufactures were laying off workers right and left.

As indicated last year by the Institute for Energy Research (IER), approximately 3,000 jobs were eliminated, equal to 30% of the 11,000 direct manufacturing jobs in the industry.

Although the PTC wind tax credit might keep the wind industry from falling immediately over the cliff, wind energy continues to face the same drawbacks, namely:  Up-front capital costs, intermittency of wind, windy areas frequently far from population centers, and not-in-my-backyard environmental issues.

Two additional factors likewise weigh heavily on the wind industry:  1)  Low-cost natural gas means a greater cost disadvantage for natural-gas fired generation and 2) Overcapacity in the wind turbine manufacturing industry created by approximately $15 billion in nonrecurring stimulus.

Since the wind industry is based on an economic fantasy that can survive only with government mandates and handouts, it is baffling that supporters of wind energy do not realize how expensive labor costs in America cannot complete with cheaper labor from China.

Although stories are often heard about the success of wind power overseas to make it appear as if wind energy is booming across the Atlantic, reality tells a different story.  European wind projects are increasingly fraught by gross failure, economic problems related to unsustainable subsidies, curtailment of subsidies, and citizen revolt.

A Citizen’s Task Force on Wind Power in Maine complied an enlightening list of articles that detail what the U.S. wind industry doesn’t want you to know about Europe.

As bad as things look in wind manufacturing, the solar manufacturing industry looks even worse,  The widely reported failure of Solyndra, and several other high profile green industry firms in the US, only highlight the inability of the Obama administration to pick winners.  As it stands China owns the solar cell market, exporting 90% of its solar energy products.

In a recent report by the Hamilton Project (an economic policy initiative at the Brookings Institution), electricity from newly installed solar installations in the U.S. would cost three times more as electricity generated from natural gas and almost twice as expensive as electricity from coal.

Is it any wonder why solar cells and wind turbines cannot be manufactured profitably in the U.S. or anywhere in the developed world?  Green energy can’t compete in the free market because it’s so much more expensive to produce.

But this nation’s China problem is even bigger than the trillions borrowed from China to run our nation and the fact that well-paying American manufacturing jobs are being lost to China through the chicanery of using taxpayers’ money to force the replacement of fossil fuels with green energy.

Appearing in the February 2007 publication of Phyllis Schafly’s Eagle Forum Report is an article titled, “Obama’s giveaway to the Communists.”  A $250 million grant of Stimulus money was awarded to A123 by Obama to make batteries for electric cars.  It  went bankrupt.  As investors had to be paid off, Wanxiang Group was selected at a December 2012 auction as the highest bidder at $256 billion.

Why the wariness?  The Wanxiang Group has close ties to the Communist China’s government.  It’s chief executive, one of the wealthiest men in China, is a prominent figure in the Chinese Communist Party.

As related in the Phyllis Schafly’s Eagle Forum Report:

“The sale is dangerous to U.S. security because it involves the transfer of advanced battery technology using lithium iron phosphate, which produces longer-life, lighter-weight, higher-power and more stable batteries that can operate in both very low and very high temperatures.  In China’s hands, the new A123 technology will threaten U,s. electrical power and communications grids.”

Retired navy Vice Admiral Barry Costello, former commander of the Navy’s Third Fleet, has this to say:  “The sale of A123 will give a big boost to China’s military expansion and warfare capability in space, cyber warfare, and unnamed vehicles, all of which rely on battery power.”

There is more yet to report about China’s impact on this nation other than its monopoly on the production of solar cells and wind turbines and ownership of an advanced battery technology company.

According to an undisputed report by a columnist at WND on Thursday, January 17, the Obama administration is giving American land to the Chinese government in exchange for debt forgiveness.  Related is how a mid-level U.S. officer met with a Chinese officer in 2011 to find out if the Chinese were open to a land and resource swap for debt forgiveness.

Further reported is that the Chinese are now engaging in “experimental” farming and “scientific” studies in locations in several states.  The personnel involved are all Chinese military whose plan it is to use land settlements as a basis for expansion in payment of the U.S. debt to China.

Even if the above information should be discounted, China is pushing for the disarming of the American populace.  The Communist Party has not been shy about advocating for gun control in the United States and has urged President Obama to wage a war on the second amendment.

In that the Chinese government mouthpieces are pushing for gun control in America shows a disregard of the historical fact that Mao Zedong, founder of the Communist Party, once remarked that “political power grows out of the barrel of a gun.”

Hopefully a majority of the American people have not taken leave of their senses by submitting unconditionally and willingly to forces within this nation, and forces from nations without, to weaken and emasculate the U.S.

May God have mercy on this nation and its people.

Tuesday, March 05, 2013 at 09:00 AM | Permalink

 

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