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So Begins The Rent-SeekingPosted by Pejman Yousefzadeh on Wed Jan 28, 2009 at 10:12:47 PM EST
The degree to which special interests are seeking breaks and assistance in the stimulus bill should appall people of reasonable sensibilities:
Craig Silvertooth, the president of the Center for Environmental Innovation in Roofing, said he's concerned that lawmakers have failed to include tax incentives for energy-efficient roofs using solar panels. But the geothermal heat pump industry -- represented by lobbyists for one company, Oklahoma-based ClimateMaster Inc. -- said it won equal footing with solar and wind companies through a 30% homeowner tax credit in the House bill for installation of a geothermal heat pump. Once this kind of behavior commences, it is pretty difficult to stop it. Of course, the last thing we need in a recessionary economy is legislated protectionism and other such antediluvian policies but so long as Congress and the Obama Administration open the bidding to parochial interests, the chances that such godawful policies will get implemented goes up by several orders of magnitude. "Reality-based" economics at its finest. Aren't you glad we are giving government this much power over our lives?
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