Thursday, September 8, 2022

Habeck Chatter

 A lot of criticism over the past day or two in Germany toward the Economics Minister (Habeck, Green Party).

So today....Habeck tossed criticism back at the CDU Party (Merkel's old group): "Dear Mr. Merz (the boss of the conservatives), the Union ruled this country and many federal states for 16 years. 16 years of energy policy failure.  In a few months we'll clean up what you screwed up, prevented and destroyed in 16 years."

If you asked me on independent analysis?  I'd say that whatever German policy that has existed from the 1970s on....was connected to the idea of Russia being a 'equal' partner, and never a threat (even while the Warsaw Pact/Soviet Union existed).  It was a crappy policy but it got cheap natural gas into Germany.  

In the past twenty years?  The priority was not cheap electrical rates or natural gas.  This was the deal with the SPD, and with the CDU.  

So Habeck may have a point, but no one really since the 1970s has cared for the German consumer.  

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