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.

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