Mike's Spotlight
In the last decade Germany spent $580 million US on renewables and got zero reduction in emissions and double the cost for electricity. Forget the nonsense about a “climate consensus” there is a major rift among advocates and scientists as to the role of nuclear vs renewables.
While virtually all the focus is on Donald Trump’s assault on the Republican Party, the Democrats old guard is being taken down by socialists like Bernie Saunders, Elizabeth Warren and Alexandria Ocasio Cortez. The old guard is gone giving way to a more radical, confrontational style for both parties – that doesn’t seek compromise or collaboration.
Corporations, unions, and other special interest always want special tax deals and/or subsidies to create or protect jobs – but are the photo ops and ribbon cutting ceremonies ever a good deal for taxpayers?
Despite massive support, Amazon has decided to pull it’s much coveted 2nd headquarters project out of New York in response to opposition by the anti-business left. The poverty advocates are furious because of the loss of jobs that were targeting unskilled and semi-skilled workers.
Mike talks about the shocking and unworkable details of the Democrats’ Green New Deal while heavyweight investment managers provides a fascinating view of what’s next for the investment markets. Plus in the quote of the week, self described socialist, Senator Bernie Saunders boasts about fringe and radical going mainstream. No kidding.