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Clearly any investment here is self-liquidating and the beauty of your proposal is that the jobs are created out of tariff revenue on imported oil, and it will obviously reduce our dependence on imported oil. Beats the hell out of going into debt to prop up underwater mortgages to help out the big boys. But what is in it for Wall Street? They are the only ones Obama seems to care about.

Pitch it to T. Boone Pickins as a way to get his wind energy to market and reduce US dependence on imported oil. Perhaps he will run an add campaign this summer like he did in 2008.  :-)

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 8th, 2010 at 09:53:28 PM EST
[ Parent ]
What Wall Street likes is volatility to sell ... as a bone for Wall Street, I would imagine having two tranches of tax revenue bonds, one paying a fixed dollar amount, and the other paying the difference between the committed interest payments and the proceeds of the dedicated tax.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Mon Mar 8th, 2010 at 10:46:53 PM EST
[ Parent ]

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