When Wall Street Makes Crap Loans, It’s a Crisis; When DOE’s Steven Chu Does It, It’s Green Energy. – Hit & Run : Reason Magazine.
… when it comes to lending standards and the vilification of private financial institutions processing mortgages that were either backed or bought up by government-sponsored enterprises, the Obama admin is firmly in the “do as we say, not as we do” camp…
Posted in Energy, Finance, Politics
Tagged bad loans, crap loans, cronism, Department of Energy Secretary, DOE, failed solar, fiscal irresponsibility, GAO, Government Accounting Office, government subsidies, green energy, Paul Broun, political expediency, political favoratism, President Obama, Solyndra, Steven Chu, wall street
Ex-President Clinton: Green movement needs money: The Associated Press
“This has to work economically,” he said. “You have to come up with the money on the front end.”
It has to work economically before anyone will willingly give you money on the front end.
Posted in Energy, Politics, Technology
Tagged bankruptcy, Bill Clinton, green energy, green job fairies, Green movement, kumba ya, pipe dreams, renewable energy, Solyndra, subsidies, taxpayers, waste of money