Friday, September 19, 2008

Unqualified to deal with economic realities of this nation

Michael Klare, writing in The Nation, analyzes republican V.P. candidate Sarah Palin's credentials to govern and finds them woefully wanting:

The question thus arises: how does Palin's experience as a maestro of petropolitics bear on her candidacy for vice president? To begin with, it should be clear that she has nothing in common with the leaders of any other state. Although it is true that Texas produces more oil per day than Alaska, Texas is no longer a petrostate, since its economy has become so much more diversified. Alaska is virtually alone in possessing a large (oil-supplied) state budget surplus--now about $5 billion--at a time when most states and the federal government are facing massive deficits and citizen groups are rising up in fury at the prospect of budget cuts. Palin is simply unqualified to deal with the demanding economic realities of any nation that is not a petrostate.

Second, Palin's only real nitty-gritty legislative experience is in measures aimed at expanding oil and gas production, to the virtual exclusion of other factors, including the environment. Although critical of the cozy ties between her GOP predecessors and Big Oil, Palin, like them, views Alaska as an unlimited source of raw materials to be exploited for maximum economic benefit, much like the leaders of comparable petrostates (Kuwait, Nigeria and Venezuela). She says she cares about the environment, but her support for drilling in ANWR and her eagerness to push the AGIA pipeline through forests in Alaska and the Yukon suggest otherwise. We can only assume that, as veep, she would favor similar policies in the Lower 48, entailing more drilling, digging and pipe-laying in environmentally sensitive areas.

Finally, much like the leaders of other petrostates that depend on oil sales to fill government coffers, Palin is leery of efforts to promote renewable sources of energy and other petroleum alternatives--the exact opposite of running mate John McCain's proclaimed objective and that of most members of Congress. At a meeting of the National Governors Association in February, Palin argued against providing subsidies for alternative energy sources, claiming that domestic sources of oil and gas--many located in Alaska--can satisfy the nation's needs for a long time to come.