Tuesday, November 18, 2008

Rahm Emanuel on the Opportunities of Crisis

“You never want a serious crisis to go to waste,” said Rahm Emanuel. “And what I mean by that it’s an opportunity to do things that you think you could not do before. I think America as a whole in 1973 and 1974 – and it’s not just my view but obviously the administration – missed the opportunity to deal with the energy crisis that was before us. For a long time our energy policy came down to cheap oil.”

If America needed to improve its energy efficiency, it could do no better than look to Japan for help. As the Japanese ambassador, Ichiro Fujisaki, noted, the Japanese economy is twice as energy efficient as the American economy.

Perhaps if America put a little pressure on Japan it might spill its secrets…

Or not.

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