The Ex-Im bank, which is currently being considered for re-authorization, has been a taxpayer-funded boon to at least one green energy company with friends in high places.
A stimulus-backed Department of Energy loan program that has not been tapped for four years, and was deemed unwanted two years ago by the Government Accountability Office, is suddenly ready and willing to dole out more taxpayer millions again – to a corporation that doesn’t need it.
In a May 23, 1977 column for Newsweek, titled “A Department of Energy?” the late Nobel laureate economist Milton Friedman wrote: “Do not be misled into supposing that the energy problem is a purely technical problem that engineers can solve.”
Think of the millions of birds being killed by renewables. Think of the billions of taxpayer dollars that have gone down the drain in “the quest for the holy grail of cheap renewable power.” Whether you oppose death by renewables for avian or economic reasons isn’t important. But what does matter is making your opposition heard.
We are weeks away from being fully immersed in the 2014 election cycle. Predictions abound, likening the 2014 cycle to 2010—when the House flipped from Democratic to Republican. Only this time, it is the Senate that has the potential to change. Twenty of the 33seats up in 2014 are currently held by Democrats—more than half of whom are in trouble.
Monday’s development is another black eye to President Obama’s green energy agenda, but we’ve come to learn that each flop is just another reason for his Energy Department to look on the bright side.
The most recent report (reflecting up until March 31) under the $32 million grant shows that Smith delivered 421 of its vehicles, with $27,343,311 reimbursed to the company with government funds thus far. That calculates to a whopping $64,948 taxpayer subsidy per vehicle.
Last Thursday, the US Department of the Interior released a draft proposal that would “establish common-sense safety standards for hydraulic fracturing on public and Indian lands.” Last Friday, the US[…]
No wonder FOE is upset that even the mainstream media networks no longer want to report on a global warming that does not exist. There’s real science and there’s the fulminations and lies of Friends of the Earth.