Wednesday, December 16, 2009

Building Things

Dan DiMicco, the CEO of NUCOR, a steel company out of Charlotte, North Carolina has an excellent short piece in the Wall Street Journal this morning titled: "A Nation That 'Builds Things.'" Hearty rumbling "woo hoo!" over the three key points:

1. Replace foreign energy sources with our own: amen, brother - think of the CO2 that's being used just to cart the oil to our shores! We have the resources, let's go get them:

It will take decades to transition to a low-carbon economy. But getting there does not require taxpayer dollars. It does require a cooperative effort by government and the private sector that would allow for the necessary increase in domestic exploration and production, and the building of more distribution infrastructure such as natural gas pipelines on a scale that will enable us to replace foreign energy sources, while we transition to a low-carbon economy.

2. Balance the trade deficit - Dan calls a spade a spade:
We need to correct the mercantilist and predatory trading practices of our principal trading competitors—yes, competitors not partners. These countries such as China won't be partners until they stop using opportunistic and illegal trade practices like currency manipulation, illegal subsidies and border-adjusted taxes (especially the value-added tax).
3. Rebuild our crumbling infrastructure: Folks, your humble host serves on a group that is looking at the state of our infrastructure in the United States and to put it bluntly, it's scary:
The American Society of Civil Engineers has stated earlier this year that we need to spend $2.2 trillion over the next five years to improve our country's roads and bridges.

No comments: