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Comment Re:texas gets more mindless pork. (Score 1) 248

The point of an economy is not to create "jobs". The point is to create stuff, like electricity.

Where the hell do you get off calling private investment "pork"? I get that you want to criticize Texas for lots of other things. That's fine. But you've somehow lost your mind if you think this is a valid economic critique. Texas doesn't exist in order to produce "jobs" for the rest of the country, and it seems to be doing a good job of producing employment for its residents and a few million Mexicans as well. Do you have any evidence to the contrary, or just irrelevant social commentary?

Just because one project doesn't bother to calculate the multiplicative effects of a $350 million dollar renewable energy investment in terms of "jobs" created, doesn't mean they aren't there.

Comment Re:I wonder (Score 5, Informative) 248

Someone mod this up. You'd have to be retarded to use natural-gas-generated electricity to operate an electric compressed air storage plant. The submitter just made that up.

Texas has a relatively de-regulated electric grid with a lot of wind capacity. Prices fluctuate wildly. This facility will use renwable wind and solar energy to compress air at times when it is cheap. Then, at times when electricity is expensive, the air will be used to operate a natural gas turbine and generate electricity.

Comment Re:Not the best spokesman (Score 1) 948

Getting rid of the Federal Reserve is near the top of the list. Classic Republican lunacy. Deregulate and dismantle all safeguards because corporations always know best. Look at the history of deregulating. The SNL bailout was from deregulation as was the bank bailout.

Sorry, but the bank bailout was not a consequence of "deregulation". Glass-Steagall prohibited banks from dealing in securities. This was repealed in the 90s by Clinton in his zeal to help Citibank expand, and to increase subprime lending to Democrat voters via the Community Reinvestment Act. But most of the money going into mortgage-backed securities to build our glut of houses didn't come from deposit banks subject to Glass-Steagall. It came from standalone investment banks with access to the Fed's low interest rates, from government housing programs (Fannie Mae, Freddie Mac), and from foreign investors.

Government interference, specifically the Federal Reserve's price-fixing of interest rates, is the primary cause of the business cycle and of all banking crises. Ron Paul is right to point this out.

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