Yesterday’s N&R lead editorial addresses N.C. Treasurer Janet Cowell’s plan to use $230 million from the state’s pension fund to finance her North Carolina Innovation Fund.
The editorial rightly states that there are more questions than answers about this scheme. I personally have one question: Is it any coincidence that so-called ‘green industry’ is featured prominently in the editorial, with the implication being that both RF Micro —- now undertaking solar-cell technology —and the American Wind Energy Association would benefit from the innovation fund?
JLF president John Hood wouldn’t think so, considering the fact that —-what a coincidence — his column addresses government’s fixation with green jobs:
If you are in the business of selling LEDs, solar panels, wind turbines, or fantasies, the Obama agenda will be good for you. If you are in the business of selling energy derived from fossil fuels, traditional lighting fixtures, and all other goods and services that will take a hit as consumers are compelled to spend more money on “green” energy, then the Obama agenda will be very bad for you.
And we all know the painful truth — North Carolina is all up the Obama administration’s ….agenda.
