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GOP Congressman: Support Renewables, But Get Government Out Of The Market

By Zack Beauchamp on September 7, 2012 at 11:28 am

"GOP Congressman: Support Renewables, But Get Government Out Of The Market"

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While most of the political world was glued to the Democratic convention Thursday night, Congressman Steve King (R-IA) debated Democratic challenger Christie Vilsack on local radio station WHO 1040.

King, who has called climate scientists “frauds” doing “the modern version of the rain dance, touted his support for wind power and other renewable fuels as a means of helping the local economies. That’s right, of course, but in the same thought King condemns government intervention into the marketplace — a direct contradiction with his support for providing government subsidies to clean energy:

The prosperity that we have enjoyed is a result of a lot of things; risk-taking capital, trying to get government out of the way, trying to reduce the intrusiveness of the federal government. And I don’t want to go back from that — I think our job is let people have their freedom, let them use their individual responsibilities to grow and strengthen families and life and marriage and free enterprise and farms and business and communities. And, by the way, the very best thing that has come along for small communities in Iowa, around 950 of them, has been renewable fuels, and I’m fortunate that I’ve been in the middle of that for a long, long time.

Listen:

King thinks there’s no tension here — he sees his support for a wind tax credit as a tax cut that’s consistent with a broader minimalist worldview about the role of government. However, targeted tax cuts are a form of government intervention into the market — the government is providing a certain industry a financial advantage to promote its growth. From an economic perspective, there’s no difference between a tax cut and a subsidy, as both involve taking money from the government and giving it to a targeted sector of the economy. King’s support for a wind tax credit suggests that government can, in fact, play in an important role in fuelling economic growth, especially in the renewable energy sector.

Indeed, King’s own Iowa is testament to that fact. As he says, renewable fuels are “the very best thing” for Iowans, creating thousands of jobs and attracting billions of investment dollars due in large part to state and federal support. It’s a shame, then, that Mitt Romney can’t recognize a point that’s pretty clear to his Republican allies on the ground.

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5 Responses to GOP Congressman: Support Renewables, But Get Government Out Of The Market

  1. Zimzone says:

    The real fraud in this story is Steve King.

    Only Bachmann comes close to this level of hypocrisy.

  2. Mulga Mumblebrain says:

    Do ‘renewables’ in this case include the hideous corn for ethanol crime against humanity? That’s the thing about nepotistic and corrupted ‘free markets’-they always create more harm than good, and the good is always measured in terms of filthy lucre.

  3. squidboy6 says:

    Talking out of both sides of his mouth, well I’m not surprised but it’s actually weak and says nothing about his platform except re-election. What about tax breaks for big oil?

    This sort of stance comes from people who have tried their best to stop Obama by ruining the country’s economy. They have succeeded at killing the golden goose for their elective offices.

  4. Mike Roddy says:

    I’m tired of Republican politicians always including big American flags in their personal photos. Are they saying they are more patriotic than the Democrats? I don’t think so.

    About 100 years ago, a lot of flags on someone’s porch meant he was either KKK or recently out of prison, trying to upgrade his image.

  5. Greatgrandma Kat says:

    Ya lets take goverment out of the market, because we can all see how well that works! All the middle class is living with the consequences of that line of thinking. Only someone with offshore accounts and other tax free money would think it a good idea.