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Born at the Crest of the Empire

Monday, June 23, 2008

McCain playing energy as a reform issue? The NYTimes plays along?

Check this out. McCain comes out with a $300 million car battery gimmick
The Republican presidential nominee-in-waiting is proposing a $300 million government prize to whomever can develop an automobile battery that far surpasses existing technology....

"In the quest for alternatives to oil, our government has thrown around enough money subsidizing special interests and excusing failure," said excerpts from McCain's prepared text.....

"Different hybrids and natural-gas cars carry different incentives, ranging from a few hundreds dollars to four grand. They're the handiwork of lobbyists, with all the inconsistency and irrationality that involves," McCain said.

And this just happens to be the same day the NYTimes frontpages with a story alleging Obama is crooked on ethanol.
He also has advisers and prominent supporters with close ties to the industry at a time when energy policy is a point of sharp contrast between the parties and their presidential candidates.....

Mr. Obama, in contrast, favors the subsidies, some of which end up in the hands of the same oil companies he says should be subjected to a windfall profits tax.

Oh, and of course, after implying "advisers and prominent supporters" in the Obama campaign, this pertinent fact is buried in the 24th paragraph, 3rd from last,
Ethanol industry executives and advocates have not made large donations to either candidate for president, an examination of campaign contribution records shows.

Maybe I'm just too cynical, but this sure feels like more than a coincidence, especially with the McCain speech and the NYTimes article echoing the same language.

(I don't think the NYTimes wrote the article at the behest of the McCain campaign, but the language and type of detail sure smells like an article that started with an opposition research handout.)

So, does the press cover the McCain proposal as a great idea or as a gimmick? You figure the right pundits will rave, but will the refereeing anchors? McCain will again be setting the agenda.

(This comes to stomp on Obama's call to close the "Enron loophole.")

3 Comments:

  • The funny thing is I was daydreaming over the weekend about how a government subsidy program to improve battery technology would look. Competition, clearly, would need to be part of it. Sounds like a pretty good idea actually.

    As for ethanol, I have always been against subsidies and ethanol requirements. Putting food into our gas tanks is just simply not the answer for the U.S. I'll spare you the details, but now with the flood, a corn ethanol mandate seems even more ridiculous.

    Energy is going to be a huge issue in this campaign, and so much has changed that it will be very difficult for Obama to come out ahead on this issue. How does he deal with nukes, for example? Does he tow the old "no-nukes" line or does he leave it open to consideration? Can he afford to boldly endorse nukes considering his base?

    Sorry for such a long comment.

    By Blogger Praguetwin, at 8:35 AM  

  • Corn based ethanol has always been a boondoggle for no other reason that the efficiency equation doesn't work. What you have to put into it, the energy, the land, the resources, it's just not a good enough payout.

    And, here's my thought on McCain's idea. If somebody had this magic battery, it would already be out there. As for a research incentive, I'm not so sure you're going to get $300 million in research for a $300 million prize. The big companies will look at this risk/reward.

    On the other hand, a gimmick like this will pull in more non-traditional people, meaning more ideas for how it might work.

    (And, I gotta say, this whole area is not my expertise.)

    By Blogger mikevotes, at 10:39 AM  

  • By Blogger jeje, at 3:47 AM  

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