Posted by: The Elephant Owner in Economics on September 30th, 2010

Dee Dee Myers explained to Bill O’Reilly tonight that conservatives see things in black and white. That they don’t understand complex issues.

The corollary to this must be that Progressives on the other hand make the simplest things complex. Take the Cash for Caulkers program. It was to use federal stimulus money to improve the efficiency of homes. It has noble ideals. Give jobs, lower energy dependence and slow the destruction of the planet.

Except the Progressives who love complexity made the whole thing so complex that it didn’t work well. It took over a year to wade through all the prevailing wage rules to make the unions happy…and then shotty work was provided. In the end, money was taken from you and I, so that a few could get thousands of dollars to save very little energy. The Wall Street Journal’s review of the numbers suggests that the payback on the investment will be 15 years. In truth, it will be much worse than that. Many of those homes will site idle due to foreclosure. Some will be torn down. Others will have work in the next 15 years that makes this investment meaningless.

Well, there I go getting all into the complexity of the program. What I meant to say is its not good therefore its all bad…cause I’m just a simpleton.

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