Wednesday, July 11, 2012

Moving beyond gotcha


The latest talking point/attack angle coming from Team O is with respect to #BettingOnAmerica and attempting to score points by going after Mitt Romney's foreign investments and Swiss bank accounts.

Some vetting would appear to be in order, however, as the person they have assigned as lead dog in the wolf pack, DNC chair, Debbie Wasserman Schultz has had, in the past, a Swiss bank account and a foreign investment or two of her own.

But never mind all that; let's take a look at who's really investing in America:

(courtesy American Enterprise Institute)

please click to enlarge

Tech-comms, oil and gas and Wal-Mart.

The first is totally expected but the second may be somewhat counter-intuitive until you step back and look at the facts on the ground: we keep finding more and more of that black sticky stuff underneath our sovereign soil. Also, green energy may indeed be the energy of the future but, right now, we don't know when that future is because it is not market-ready - the failures of the Department of Energy's green energy loan program bears this out.

Abundant, cheap, market-ready and emerging technology to burn oil and gas more efficiently... why wouldn't the money be pursuing this particular sector?

And as for Wal-Mart..? Alas, we suppose you'll just never be able to wean America off quality goods at a reasonable price: a reality too uncomfortable to be confronted by the more progressive among us and Wal-Mart knows it.


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