OBAMA’S GREEN STUPIDITY
I saw the movie “Ides of March” today with George Clooney.
He plays a governor of Ohio who is running for president.
In one of his speeches, he promises that, within 10 years of his election, there will be no more internal combustion engines in the United States.
It’s fiction, but making promises like that is not all that far from reality.
Barack Obama told us that sea levels were going to recede if/when he was elected.
Here’s a little scorecard on what’s happened to our money since President Obama decided to spread our wealth around to “Green” businesses.
- SpectraWatt, Inc., of Hopewell Junction, N.Y., scored $500,000 from the Energy Department in June 2009 and $150,000 from the National Science Foundation in June 2010, Bloomberg reports. Last August 19, the solar-power company went bust.
- Evergreen Solar was stimulated with $5.3 million of Massachusetts government cash and praised by the White House for helping to “kickstart the economy.” Evergreen went bankrupt last August 15.
- Mountain Plaza, Inc., went bankrupt in 2003. Nonetheless, its “truck-stop electrification” technology won $424,000 in EPA stimulus funds administered by Tennessee’s transportation department. Yet again, Mountain Plaza filed for bankruptcy in June 2010.
- Notwithstanding its February 2009 bankruptcy and default on a $58 million loan from BNP Paribas, Wisconsin-based Olsen’s Mill Acquisition was stimulated with $10 million in January 2010, along with Olsen’s Crop Services. Jeff Bollier of the OshKosh Northwestern reported that Olsen’s Mill “buys crops grown by farmers across the eastern and central parts of Wisconsin and sells it to end users such as Utica Energy’s ethanol plant on State Highway 91.” ADM purchased the defunct operation’s assets last month.
But let’s raise taxes on the rich so we can have more money to invest in green energy.
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Date: October 8, 2011
Categories: Politics