Even Obama Supporter Neel Kashkari Opposes Expensive Solar Panel Mandate

Neel Kashkari, was an Obama supporter and donor.  After he lost the Governor’s race in California (some claim he was a ringer to assure no real Republican went against Jerry Brown) Obama appointed him as President of the Minneapolis Federal Reserve.  He had never been involved in Republican races before the 2016 election—but proudly announced he supported and donated to Obama for President.

Now, he is proof that even Obama supporters understand that government mandates kill economies and harm families and affordable housing.

“For instance, California has passed a law mandating solar panels on every new homes, he said.

“If you add $10,000 to the price of a home, you have made that home less affordable,” he said. “I don’t care what your ideology is. I don’t care what your views of the environment are. I am doing math,” he said.

‘To just pretend … that everybody can have everything and it doesn’t cost more — I wish the world was like that, but there are trade offs, and as a society we need to be honest with each other about what these trade-offs are.’ Minneapolis Fed President Neel Kashkari

Kashkari noted that proponents of the Green New Deal are also arguing to reduce income inequality and improve economic opportunities for those at lower income levels.”

How Socialist is Sacramento?  Even an Obama supporter and donor says no to the solar panel mandate.

Solar panels

 

Green New Deal comes with ‘real trade-offs,’ Fed’s Kashkari says

Solar panels make homes less affordable

GregRobb, Market Watch,  1/16/19 

 

Proponents of a so-called Green New Deal cannot pretend that there aren’t “real economic trade-offs” for their push to transition the U.S. economy away from carbon emissions that heat up the planet, said Minneapolis Fed President Neel Kashkari on Tuesday.

During a question-and-answer session at the Chamber of Commerce in Rochester, Minnesota, Kashkari noted that green policies, however well-intentioned, can hurt the working poor.

For instance, California has passed a law mandating solar panels on every new homes, he said.

“If you add $10,000 to the price of a home, you have made that home less affordable,” he said. “I don’t care what your ideology is. I don’t care what your views of the environment are. I am doing math,” he said.

‘To just pretend … that everybody can have everything and it doesn’t cost more — I wish the world was like that, but there are trade offs, and as a society we need to be honest with each other about what these trade-offs are.’ Minneapolis Fed President Neel Kashkari

Kashkari noted that proponents of the Green New Deal are also arguing to reduce income inequality and improve economic opportunities for those at lower income levels.

“But if the Green New Deal means that it’s much harder for low-income families to afford to buy a house, what’s the right trade-off?” Kashkari asked.

The Green New Deal refers to the idea of a stimulus program that would address both economic inequality and climate change, and is supported by a handful of House Democrats including first-term firebrand Alexandria Ocasio-Cortez. A House Select Committee on the Climate Crisis was established in the new Congress.

The Minneapolis Fed president, who ran unsuccessfully to be the governor of California as a Republican in 2014, said he was not trying to say “what the right answer is.”

“I think people need to decide for themselves,” he said.

“These things aren’t free, and to just say, well, somebody should invent some technology that’s cleaner and cheaper, sure that’d be great, but we haven’t figured it out yet,” he said.

 

About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.