DAILY DIALECTIC
January 28, 2009
"To prevent the US economy from sliding into a depression, Mr Obama must implement a radical and comprehensive set of policies... The American consumer can no longer act as the motor of the global economy. Alternative energy and developments that produce energy savings could serve as a new motor, but only if the price of conventional fuels is kept high enough to justify investing in those activities. That would involve putting a floor under the price of fossil fuels by imposing a price on carbon emissions and import duties on oil to keep the domestic price above, say, $70 per barrel..."
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