Imagine if our nation was offered a choice of how to spend half a trillion dollars of our wealth over the next two decades.
One option would be to send $350 billion overseas to the Middle East and other oil exporting countries, and the remainder on increasing oil industry revenues.
An alternative option would be to take that half a trillion dollars and invest $300 billion directly into the U.S. auto industry, put $200 billion back into consumers’ pockets, and create half a million new jobs while cutting emissions of dangerous carbon pollution.
Is this choice just a pipe dream? Is it too simplistic a way to look at things?