`Have some wine,’ the March Hare said in an encouraging tone.
Alice looked all round the table, but there was nothing on it but tea. `I don’t see any wine,’ she remarked.
`There isn’t any,’ said the March Hare.
You hear some strange notions in Wonderland. Last Monday, for example, when Todd Akin spoke at Cynthia Davis’ town hall, he mentioned in passing that for every government job created, two private sector jobs are lost and that by advising FDR to create public works jobs in 1932, John Maynard Keynes turned a recession into the Great Depression.
That assertion almost sounds rational, aside from the unlikelihood that one Alcoa plant could plunge the entire Spanish economy down a chasm. Be aware, though, that Spain’s employment dived for a different reason.
Formerly one of the eurozone’s chief engines of economic growth and job creation, Spain suffered an abrupt change of fortunes last year when the outbreak of the global financial crisis hastened a correction that was already underway in its key real estate sector.
Spain’s current bleak economy, then, has little or nothing to do with undependable energy. In fact, a Google search of “alcoa spain solar wind” netted me nothing. If an Alcoa plant closed in Spain, it was more likely the result of global financial turmoil, specifically in the auto industry.
On April 7, Alcoa posted a second consecutive quarterly loss as metal prices and the auto industry slumped and global demand fell in the economic downturn.
Spain suffered because of its construction bubble being popped by U.S. carelessness about regulating the banking industry. Alcoa was less to blame than U.S. Congressional spinelessness for the last three decades, Bush policies in particular for eight years, and the shortsightedness of auto industry execs for god knows how long. So I feel like Alice when I hear Akin shudder over the “thousands and thousands of people all over Spain that have a vested interest in keeping their windmill going and their solar panel going.”
Cynthia Davis tried to keep up with the March Hare on global warming issues by airily dismissing concerns about excessive carbon in the atmosphere. She opined that the oceans emit far more carbon dioxide than all the cars. As usual, I was unsure what her point was. Should we scold the Pacific for being as naughty as the internal combustion engine?
The term tea party for the far right fringe takes on a whole new meaning in light of Alice’s departure from the March Hare and the Mad Hatter:
This piece of rudeness was more than Alice could bear: she got up in great disgust, and walked off; the Dormouse fell asleep instantly, and neither of the others took the least notice of her going, though she looked back once or twice, half hoping that they would call after her: the last time she saw them, they were trying to put the Dormouse into the teapot.
Putting a dormouse into a teapot makes no less sense than claiming that Keynes created the Great Depression or that alternative energy ruined Spain’s economy. In the realm of the absurd, Akin has gone to new … heights? depths? dimensions? dementia?