By Douglas V. Gibbs
Apparently, the Solyndra scandal was not enough to deter the Obama administration from laundering more money through failed green technologies like solar companies.
Besides, where in the hell in the Constitution does it give the federal government the authority to do this kind of garbage?
If Green Technologies are the wave of the future, as Obama claims, then let the market decide. Government can't make a market take off. Only the free market can.
Despite all that, the Energy Department has approved two more loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, through a program heavily criticized by the GOP, and within two days before the expiration date of the program.
The liberals don't care about reality, the law, or the fact that their efforts have proven to be a failure again and again and again. Regardless of criticism from the public, the republicans, and the Solyndra debacle, Energy Secretary Steven Chu said the Energy Department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nevada, and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix, Arizona.
These loans were approved under the same program that paid for a $528 million loan to Solyndra.
I wonder how long before these new taxpayer money recipients go belly up too?
The liberals say they are worried about us getting in on the global clean energy race - a race that cannot be initiated by government, and one that so far has been a total bust.
Oil is the most efficient energy source we have, and I suggest we use it. Nuclear power works real well too.
As for the government handing out money to these corporations like candy to kids, must we remind everyone what happened at Solyndra?
Not only is the government backing failing ventures, which are based on the mythical assumption regarding the existence of man-made global warming, but also these businesses aren't exactly on the up and up.
All of that money that went into Solyndra went into a business that paid $6 for every $3 product they produced. Meanwhile, Solyndra's new factory was 300,000 square feet, the equivalent of five football fields. It had robots that whistled Disney tunes, spa-like showers with liquid-crystal displays of the water temperature, and glass-walled conference rooms.
“The new building is like the Taj Mahal,” John Pierce, 54, a San Jose resident who worked as a facilities manager at Solyndra, said in an interview.
When Solyndra went bankrupt, about 1,100 workers lost their jobs.
Aside from the money misspent, the government is pumping money into a green industry that is just not viable. There is no demand, and you can't create demand by just pumping money into the system. People have to want the product for there to be a demand.
-- Political Pistachio Conservative News and Commentary
Obama admin approves two new solar loans worth $2 billion - WLS 890 AM
Solyndra’s $733M Plant Had Robots, Spa Showers - Bloomberg