GAAP does not calculate the technology that has not yet been invented. The U.S. used to have enough faith in itself that it could conquer such problems.
Jimmy Carter said that a real energy policy would require the "moral equivalent of war". Obama said that whoever leads in alternative energy will lead in the 21st century. Unlike other wars, this one could bring more peace and prosperity to the 21st century.
The market economy and free enterprise is a powerful and wonderful thing. The government can put in the seed money to greatly stimulate innovation, technology, and the power of the market can propel solar electricity to its full potential.
A spell of good weather has put Germany in first place globally for solar power production. The government has been strongly encouraging citizens to install solar panels on their roofs.
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With help from their government and policies that welcome solar electricity, cloudy Germany now produces 30% of their electricity from renewable energy. The Chernobyl nuclear accident was their wakeup call. Unlike Japan, Germany decided to completely phase out their nuclear power plants by 2022.
For the cost of the Iraq war for one year, the U.S. could have built solar power plants to light up every home in New York City, Los Angeles, and Chicago combined. Just think of all the valued jobs it would have created in the U.S.A.
Solar panels could have been put on every home in America for the cost of the Iraq War, with hundreds of billions of dollars left over. The savings in property and lives is incalculable.
The holdup in solar electricity is not the cost, it is not the technology, and it is not because the public does not want it. It is because of a lack of imagination and the political will to do it.
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