General Discussion
In reply to the discussion: The One Question that will stump ALL your Republican friends... [View all]badtoworse
(5,957 posts)and across the board tax cuts for the wealthy. No new plant; no tax break. The same applies to accelerated depreciation - it has no value unless you invest in assets to depreciate.
As far as energy costs go, you couldn't be more wrong. Natural gas is currently selling for about $2.25 per MCF - cheaper than it's been in about 10 years and it might go even lower (As a point of reference, it sold for about $8.50 in 2008). Why? Fracking and directional drilling have opened up vast new reserves of natural gas and NGL's for production. At $2.25, it's cheaper than it is in many competing countries and thus attractive to companies that use lots of it. All of the projections I have seen are forecasting natural gas prices to stay low for the forseeable future.
The problem with your approach is that you have no revenue source to fund it. Where are you going to get the money to pay off the debt of the young people and families? Keep wages up? How? The law of supply and demand is working against you. As far as the US being the world's major market that is true, but we are not adding the value needed to sustain that. IMO, it's been largely sustained with debt in recent years and that is not sustainable.