Today In “Green Energy” Madness

The Obama administration has just announced $12 billion in new Federal loan guarantees for renewables businesses. …

Federal renewable loan guarantee schemes have attracted significant criticism in the past, for example when Solyndra went spectacularly bust in 2012, a bankruptcy which cost US taxpayers $535 million in lost federal loan guarantees. Perhaps President Obama believes his administration has learned from that experience.

Not bloody likely.

It’s an expensive waste, the kind of waste Obama excels at.

  • Martin B

    Another day, another $12 billion added to the national debt by the Obama administration.

  • WalterBannon

    These green scams are all just crony capitalism, and for all intents are a crimimal conspiracy to defraud the taxpayer.

    • The Butterfly

      Socialists are the croniest capitalists of all.

  • The Butterfly

    Somehow I don’t think the forestry industry will be able to qualify for any of these “renewable” benefits.

    • mauser 98

      4 seedlings planted for every tree cut down..on average

    • Clausewitz

      Your average global warning dildo has no idea what a carbon sink is.

  • mobuyus

    This is a boon to the smoked salmon, and limousine liberal set.

  • Billy Clint Blanchette

    Alternative energy is the future, China is already way ahead of the U.S. in development. Alternative energy will also provide millions of jobs. I can’t understand why anybody would resist it. Generations from now people will look back on us savages burning trees, coal and oil for energy and say they did what?

    • Clausewitz

      That’s sarcasm right?