Image via CrunchBase
On Friday, James Pethokoukis at Reuters posted an article about the scandal surrounding government loans to Solyndra. Mr. Pethokoukis reminds us that President Obama intended to reorganize the American economy around ‘green energy’ in view of the dangers of global warming (which is NOT settled science).
The article points out:
At its core, Obamanomics is about the top-down redistribution of wealth and income. Government spending on various “green” subsidies and programs, along with a cap-and-trade system to limit carbon emissions, would enrich key Democrat constituencies: lawyers, public sector unions, academia and non-profits.
Oh, and Wall Street, too. Who was the exclusive financial adviser to Solyndra when it was trying to secure the $535 million loan from Washington? Goldman Sachs. And had the cap-and-trade scheme been enacted, big banks stood ready to reap billions from the trading of carbon emission credits.
Thank God cap and trade did not pass. The entire ‘green energy’ plan was a scheme to put money into Democrat party supporters’ pockets so that they could in turn donate substantial amounts of that money to Democrat campaigns.
My understanding of the Solyndra business plan was that they would build a solar panel for six dollars and then sell it for three. Even under new math, that won’t work for very long. The good news here is that Americans are aware of what happened and the crony capitalism that was involved. We need to understand that there will always be some degree of crony capitalism. Think about it–if you hold office, wouldn’t you rather do business with someone you know than someone you don’t know? The challenge is to avoid using large amounts of taxpayer money to fund businesses that do not have a viable business plan.
Part of the problem with the Obama administration is that it exists in the first place. We as voters need to be more aware of the backgrounds of the people we nominate and the people we elect. I cannot guarantee that John McCain would have made a better President, but I can say that I did not feel that John McCain was the best candidate the Republicans had to offer. The challenge for all Americans in the coming year is to be involved in the primary election process and to do everything we can to make sure that the candidates chosen represent us–regardless of which side of the political spectrum we fall on.
The recommendations you provided here are extremely valuable. It absolutely was such a fun surprise to have that awaiting me once i woke up now. They are continually to the point and straightforward to learn. Thank you for the thoughtful ideas you have shared here.
The ideas you discussed here are really valuable. It had been such an exciting surprise to see that waiting for me after i woke up this very day. They are often to the point plus easy to interpret. Thanks for your time for the innovative ideas you have shared right here.
What would all of us do without the excellent concepts you discuss on this blog? Who else has the patience to deal with crucial topics in the interests of common readers like me? I and my girlfriends are very happy to have your web site among the ones we regularly visit. Hopefully you know how very much we enjoy your efforts! Best wishes from us all.
Thanks a lot for your energy to have had these things together on this blog. Robin and i also very much liked your knowledge through your own articles in certain things. I am aware that you have a variety of demands in your program hence the fact that an individual like you took equally as much time as you did to help people really like us by this article is even highly loved.
We really appreciate your blog post. There are a multitude of methods we could put it to great use by using little or no effort with time and hard earned cash. Thank you really regarding helping make this post give light to many questions we have encountered before now.
The points you provided here are really valuable. Rrt had been such an exciting surprise to have that looking forward to me after i woke up this very day. They are continually to the point and simple to understand. Thanks a ton for the clever ideas you have shared here.
It was something of great excitement discovering your site the other day. I came here today hoping to discover new things. I was not disappointed. Your ideas in new solutions on this subject material were enlightening and a great help to us. Thank you for making time to write down these things plus for sharing your mind.
I couldn’t currently have asked for an even better blog. You happen to be ever present to present excellent suggestions, going instantly to the point for quick understanding of your readers. You’re undoubtedly a terrific pro in this field. Thanks a lot for being there for visitors like me.
It is really rare to get an expert in whom you can have some trust. In the world nowadays, nobody absolutely cares about showing others the answer in this subjecttopic. How blessed I am to have found such a wonderful web site as this. It is really people like you exactly who make a genuine difference nowadays through the strategies they share.
I cannot thank you more than enough for the discussions on your website. I know you’d put a lot of time and energy into them and hope you know how considerably I appreciate it. I hope I could do exactly the same for someone else at some point.