Comment by themafia
2 hours ago
> If a country changes course every four years
Dozens of new GW+ wind farms came online in the last four years. This concerns a few projects in a few particular locations that are exposed to federal interference. It has impacts on the market but the market is larger than these minor disturbances by an order of magnitude.
> while keeping the focus on long-term ideas and plans.
We have private business in this country. They're doing just fine.
> Dozens of new GW+ wind farms came online in the last four years.
Thats not that much is it given the size and energy demand of the country? And that's over the past 4 years, you'll only see the true impact of this in the next 6 years.
> This concerns a few projects in a few particular locations that are exposed to federal interference
Markets are driven by a lot of feelings too. If you're trying to build a wind farm now, why on earth would you do that in the US? There are just many better options.
Your private businesses will happily skip over the US if they understand markets. Don't row upstream, find a place where your investment is wanted
Private industry is not doing just fine, it's barely holding on due to massive uncertainty caused by erratic tariffs and farcical government overreach and direct meddling with corporations. All from Trump and his supporters, who are very nationalist but also appear to love socialism when it is national, such as with a 10% purchase of Intel by the US government.
If the Fed falls and monetary policy is subject to the political whims of a tyrant that only cares about himself, then we lost reserve currency stays and we are ducked so hard by simultaneous inability to continue the deficit and a need to pay back interest at far far higher rates. It would cause a spiral in the US economy like we have never seen. Or in the best case just a gradual switch from USD to other standin currencies causing a decade or two of recession in the US, best case.
So far most businesses have not jacked up prices from tariffs because they are hoping they can have the US Supreme Court overturn what look to be obviously illegal tariffs that should have been enacted by Congress rather than the king (we fought an entire revolutionary war over this!). If the Supreme Court doesn't overturn tariffs then we are at risk for inflation going up to 1970s levels.
The state of private business in the US is best represented by the meme of a dog sitting at a kitchen table saying "this is fine" while the house burns down around him. The firefighters may come, but they had better come soon.