Greendoggles

Friday 20 January 2012 - Filed under Uncategorized

Obama’s green energy technology initiative isn’t about making clean energy, but about stealing money from the productive sector of the US economy and using it to line the pockets of his supporters. Investors Business Daily:

The Obama administration promised a future with a clean, green economy. Instead, it’s left us with failed government “investments” in projects driven by politics rather than prudence.

While campaigning for the presidency in 2008, Barack Obama swore he’d create millions of green jobs.

“We’ll invest $15 billion a year over the next decade in renewable energy, creating 5 million new green jobs that pay well, can’t be outsourced and help end our dependence on foreign oil,” he said that fall.

Three years into the Obama presidency, the country has yet to see a wave of green-collar jobs. What it has seen is government pouring taxpayers’ money into pet projects that wasted the cash. A particularly sore example is Solyndra, which not only went bankrupt after taking in more than $500 million in taxpayers’ dollars, but also became the target of an FBI probe.

According to one analysis, at least 12 clean energy companies “are having trouble after collectively being approved for more than $6.5 billion in federal assistance.”

What is meant by “having trouble” is that these companies (though I like to think that calling them fronts for embezzling stolen funds as being more accurate) have an unsustainable business plan, and we the people have been forced in to bankrolling it at the point of a gun, and that they’re about to go under while my children and grandchildren are left holding the IOU to China. Fucking great.

That these companies are unable to get the loans they need to conduct business through the private sector, either big dollar investors or banks willing to risk their money, should be a sign that these projects are unsustainable, and taking tax money from productive individuals to fund these poorly thought ventures should be criminal. If you aren’t willing to risk your own fucking money on a project, it almost surely ought not be done.

2012-01-20  »  madlibertarianguy