Ed Morrissey costs Obama’s loan guarantee program for green technology companies:
With $17.2 billion spent on these programs, the cost per actual job created comes to $4.853 million. That kind of capital could launch entire new businesses, let alone multiple jobs. Any company that ate through $4.853 million to create a job would shortly become a former company …
Well, yeah, unless it was using someone else’s line of credit.
I’m waiting for the Conservatives to do a similar analysis on McGuinty’s whirlygigs and panels…
Obama is literally mugging the American people and their kids. This is criminal. Obama is worse that Bernie Madoff.
He needs to go to jail.
further proof that socialism is fun because you are spending other people’s money.
Thanks for posting this! We were all over this on Common Cents as well…
Steve
Common Cents
http://www.commoncts.blogspot.com
broke california doesnt know how to teach math or present value, and CNN cant figure it out either. looks like the readers tips got it immediately
http://www.cnn.com/2011/US/09/17/solar.schools.california/index.html?hpt=hp_c1
Liberal McGuinty’s Green Energy/Solar = FAIL.
Germany: “Solar Valley threatens to turn into a vale of tears.”
Billion& of our tax dollar$ $wallowed by Liberal McGuinty’$ Green hole$.
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“Solar Incentives: Could Ontario Be the Next Germany?”
“By Greg Boutin and Jon Worren, Riverdale Partners”
“April 13, 2009 | 8 Comments”
“The introduction of Ontario’s Green Energy Act, modeled after the successful German Feed-in Tariffs, is expected to fuel rapid growth in the clean energy market in Ontario.”
“If Ontario’s Bill 150 (the Green Energy and Green Economy Act) is passed as expected in May, Ontario will become the first North American jurisdiction with an incentive system modeled after the German feed-in tariffs (FITs), according to incentive expert Paul Gipe. With proposed tariffs of up to CAN $0.802 (~US $0.64, EUR €0.47) for every kilowatt-hour of solar-power generated, fixed and guaranteed for 20 years, the province would have the most favorable incentives currently available worldwide for systems below 100 kilowatts (kW). More lucrative, even, than current German incentives under the Renewable Energy Sources Act (EEG). ”
http://www.renewableenergyworld.com/rea/news/article/2009/04/solar-incentives-could-ontario-be-the-next-germany
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“09/07/2011″
“The Sun Rises in the East”
“German Solar Firms Eclipsed by Chinese Rivals”
“Green energy used to be Germany’s great hope for its economic future. But now the German solar industry is in trouble amid huge losses, job cuts and the threat of bankruptcies. Chinese firms are gaining an ever greater share of the German market — and are benefiting from German subsidies for renewable ”
“Dashed Hopes”
“The gloomy news from the solar and wind power industries comes as something of a surprise. After the catastrophe in Fukushima and the German government’s decision to phase out nuclear energy, it seemed obvious that makers of renewable energy systems would be among the winners of the so-called energy revolution.”
http://www.spiegel.de/international/business/0,1518,784653,00.html
It is a giant fraud, this “green movement” and all the other buzz words. Provincial politicians, media and academics are all partly responsible and it’s no small error they are making, they are basically rolling the dice with our economic futures.
People know I’m not too thrilled with the Harper government on other files, but they have largely stayed out of the green game to their credit. But we need proactive leadership on this. Knowingly wasting public resources on green boondoggles should be treated as fraud on a large scale and prosecuted as such. The standard should be simple. Spend any amount over a million on any economic stimulus program, if it doesn’t at least break even (a very low bar) or create usable infrastructure (not future space junk) then it’s subject to fraud prosecution.
Anything on the scale of spending $100 million that’s largely wasted should be good for life in the slammer and no further involvement in politics. How the heck else are we going to recover from this global recession if we don’t start fighting back?
Abe Froman >
“Obama is literally mugging the American people and their kids.”
Actually Abe, it’s more of an “uptown flash mob”, Obamba style.
George Moonb, er Monbiot agrees.
Solar PV has failed in Liberal McGuinty’s Ontario.
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“Solar PV has failed in Germany and it will fail in the UK”
“Our tariff plan is near-identical to Germany’s – that’s the one that produced woeful amounts of energy, jobs and innovation”
“Let me begin with a plea to tone down this debate on feed-in tariffs. Jeremy Leggett and I have addressed each other politely and stuck to the facts. I have no ill feelings towards him; I simply believe that he is wrong about solar power. But the level of viciousness displayed on the comment threads, by email and on other sites has to be seen to be believed.
Where does fury of this kind come from? In my experience it’s often associated with denial. People who don’t like the outcomes dismiss the facts and lash out at the bearers of bad news. Could we, just for once, please try to get past this reaction, and judge the case on its merits?
My own instincts press me to support solar power. Like most environmentalists I believe that small is beautiful. I hate pylon lines and I don’t care for the sight of big power plants of any description, wind farms included. I detest the big energy firms which provide our electricity. I am deeply attracted to the idea of being able to produce my own power, just as I love producing my own fruit and vegetables. But my attempts to find the best means of tackling climate change, which I explain at greater length in my book, Heat, have forced me to put my gut feelings to one side. Our choices must be based on the best possible information. Otherwise we waste our lives chasing chimeras.
Against my instincts I have come to oppose solar photovoltaic power (PV) in the UK, and the feed-in tariffs designed to encourage it, because the facts show unequivocally that this is a terrible investment.”
http://www.guardian.co.uk/environment/georgemonbiot/2010/mar/11/solar-power-germany-feed-in-tariff
aaaaaiiiiiiiiiaaa
howard dean again
http://storyballoon.org/blog/2011/09/17/howard-dean-executive-order-obama-america-kyoto-agreement/
Global warming scams where politicians, marxists,
and crony capitalists gorged at the trough and
handed taxpayers every bill.
They all belong in jail.
.
PV solar can be as dirty or perhaps even dirtier than coal power. It’s not economically feasible to produce PV solar in North America. The labor costs in North America are prohibitively expensive and North American environmental regulations which keep our air, water and land from being heavily polluted don’t exist in Asia, so nearly all of the PV production is over there where they can pollute and keep their production costs low. The electricity to run their PV solar factories comes from dirty coal and the factories dump pollution into the environment. The same goes for their wind turbines.
any 17 billion ‘with a B’ dollar program in the great US of A has ‘lobbyists’ written all over it.
the problem isnt technology or economics or politics. the problem is the established way of getting bills filtered thru lobbyists that outnumber congress 4 to 1.
we have the same problem here in Canuckistan, it just doesn’t get the same coverage.
that’s capitalism for ya !!! a.k.a. ‘cost of doing business’.
It’s like being a fisherman.
For every dollar earned it costs the government an extra $1.70. Cheaper just to pay them the buck and tell them to stay home.
Funny how pointing out the failures in the U.S.A. governance are simple to have posted on SDA. However pointing out Canadian government failures is more of a problem.
Don’t know if it is due to some kind of pressure to not reflect failures, unless it is in Saskatchewan.
Just wondering whether this a general move away from controversy, even if the comments made are from a demonstrated conservative supporter.
Doen’t seem to be the SDA I started visiting several years ago. Ce’st la vie; Cheers;
Abe Froman: re Obama “muggings”.”He needs to be in jail.”
Funny, I’ve had that thought for some time. Let’s put it this way: If Obama was a Republican and it he were white, don’t you think the MSM and the Jon Stewarts and Bill Mahrs would have been howling for impeachment proceedings long before this latest Solardyn (whatever its name) scandal? Is this current scandal anywhere less than Watergate that caused the MSM et al to viscously and unrelentently hound Pres. Nixon (a white Republican) out of office? Indeed, is it anything less than the Bernie Madoff ripoff? Just wondering out loud . . .