DOE loses Billion$ from taxpayers to "Green Energy" speculation

[Wapasha]

Originally Posted by lifelongMOgal

CBS reports the pattern we all pretty much figured out about the Obama administration's DOE loans (a.k.a. venture fascism).


Department of Energy Loses Billions of Taxpayer Dollars in Bad Loans to Green Energy Companies - YouTube

Another thumbs up to Sharyl Attkisson who has also been reporting on "Operation Fast & Furious" despite the White House pressuring her to stop.

It's political, crony capitalism, it's 0bama paying his cronies with taxpayer money, and then ho-humming it as "win some, lose some". As if it's the function of the presidency to gamble away taxpayer ,oney, by picking winners and losers in a political game of crony capitalism.

[Memphis1979]

Originally Posted by alphamale

Even if that were true, consider this.....

What other product is taxed so heavily to its end user?

Originally Posted by alphamale

It falls on deaf ears.

The lefties are utterly and fully intellectually dishonest.

What about it isn't true, care to discredit the CSMonitor?

The tax goes to the state, from the point of sale, and they are still making record profits.

http://www.nytimes.com/2011/02/01/business/01oil.html

So why are they getting subsidies again?

At least the green energy subsidies are for an industry that isn't profitable without them, but shows potential.

Then you go to say that the "lefties" are utterly and fully intellectually dishonest, I just proved to you how much extra oil companies get from the government and you just stuck your fingers in your ears and screamed "not true!"

[AeroGuyDC]

Originally Posted by dv1033

There a few issues here.

First of all, American solar companies are going against Chinese companies whose subsidies pales in comparison, so essentially we are getting out subsidized. However, it should note that our solar panels are of higher quality but obviously that can only go so far.

Next, subsidizing industries in order to compete with established industries is fools gold.

So what are some free market solutions that solve our energy security and environmental issues?
1.) We need to raise the gas tax. We simply don't have the funding to maintain our infrastructure and expand at the current gas tax. Also, it puts a price on pollution associated with gasoline. Citizens are more than welcome to buy F250s trucks and Chevy Tahoes but we aren't subsidizing the pollution anymore but passing it on to the consumer.

2.) Carbon Tax. Starting off with a small tax that progressively gets larger as time goes by allow companies the time needed to plan and make adjustments while allowing the free market to come up with solutions on to use our energy more wisely and efficiently. Again, pollution isn't being subsidized and is being passed along to consumers who can then choose how to react.

Barack, is that you?

[HappyTexan]

We'll make it up..they cut $2 billion from the USDA budget and they are closing offices including inspection offices. Just cut some more agency budgets and that should cover the loss in PRIVATE INVESTMENT that the government made and lost.