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Wind Power's Political Payoff
IBD Editorials ^ | September 26, 2011 | Staff

Posted on 09/26/2011 4:54:18 PM PDT by Kaslin

Scandal: Our ever-campaigning president heads off to a fundraiser held by a politically connected businessman whose company took a $100 million stimulus tax credit. Solyndra didn't stop pay-for-play the "Chicago Way."

Tone-deaf somehow does not seem adequate to describe President Obama's silent indifference to the Solyndra scandal of his making as he rushes off to another fundraiser, a $25,000 per person affair in Missouri on Oct. 4 organized by another beneficiary of our stimulus tax dollars.

Tom Carnahan, of the Missouri Carnahans, arguably that state's most prominent political family, is listed on President Obama's campaign website as a host of the St. Louis fundraising extravaganza amid widespread unemployment and tanking markets.

Coincidentally, of course, Carnahan's energy development firm, Wind Capital Group, is the recipient of a $107 million federal tax credit to develop a wind power facility in his state.

We know that people support candidates who tend to share their interests and beliefs, and that an appearance of impropriety may be only that — an appearance of one. But there's a disturbing pattern here of an administration picking winners and losers, with an emphasis on losers who happen also to be donors.

There is also a disturbing disregard of basic economics and the national interest in the blind pursuit of leftist environmentalist ideology.

In the case of Solyndra, the solar panel manufacturer, we had a firm that even the administration had to know was going bankrupt. Yet it was made the first recipient of a green stimulus subsidy that favored a major Democratic donor, George Kaiser.

(Excerpt) Read more at investors.com ...


TOPICS: Crime/Corruption; Culture/Society; Editorial; Politics/Elections
KEYWORDS: chicagoway; corruption; ibd; ibdenergy; impeach; obama; payforplay; solargate; solyndra; stimulus; wind; windpower

1 posted on 09/26/2011 4:54:26 PM PDT by Kaslin
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To: Kaslin

Texas spent $7 billion on windpower projects. We are almost guaranteed to have blackouts next Summer. Half that investment could have given us reliable power from natural gas.


2 posted on 09/26/2011 5:01:06 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Kaslin

I’m inspired to change my tag line after 3 years.

Obama is nothing more than a professional money launderer.


3 posted on 09/26/2011 5:23:45 PM PDT by chiller ( Obama is nothing more than a professional money launderer)
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To: steelyourfaith

AGW ping?


4 posted on 09/26/2011 5:40:04 PM PDT by Amagi (You can't discuss Camelot without mentioning Squire Ted & the Lady in the Lake.)
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To: Kaslin
Scathing. And rightly so.

From the article:

The data make this clear. After decades of subsidies, wind provides only 1% of our electricity, compared to 49% for coal, 22% for natural gas, 19% for nuclear power and 7% for hydroelectric. Wind turbines generally operate at only 20% efficiency, compared to 85% for coal, gas and nuclear power plants.

A 2008 report by the Department of Energy's Energy Information Administration reported that in 2007, while the average subsidy per megawatt hour for all energy sources was $1.65, the subsidy for wind and solar was about $24 per megawatt hour.

Daniel Kish, senior vice president for policy at the Institute for Energy Research, told Cybercast News Service that "without government subsidies or mandates, none of these energy sources exist, they just simply won't ... these energy sources are not as efficient as the sources of energy that the marketplace has picked and the consumers have picked to run the country."

That middle paragraph needs to be pounded home mercilessly.
5 posted on 09/26/2011 6:03:29 PM PDT by upchuck (Rerun: Think you know hardship? Wait till the dollar is no longer the world's reserve currency.)
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To: Kaslin

No government greenbacks.......no green energy!


6 posted on 09/26/2011 6:14:42 PM PDT by PALIN SMITH (In a time of universal deceit, telling the truth is a revolutionary act.)
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To: Kaslin

All this travel by Barry the Imposter which is definately campaigning for his own re-election.

Who pays for all the costs of operating Air Force One & all the support planes & staff & moving ‘The Beast”???

IF this is a much a campaign trip as is transparently evident,,,,,should not the Democrat National Committee be paying for all these costs?

Barry is flitting around the country—an hour here—a dinner there-—a speech of rabble rousing in front of the unemployed blacks——& he sure does set down a huge cargon footprint.

He bad mouths Rick Perry for not connecting the terrible fires in Texas with Global Warming (which is a hoax of unknown proportions) & then Barry the Imposter is racking up miles & miles & miles on Air Force One.

Even his dog got a separate airplace on one vacation!!!!!

We cannot get rid of him soon enough.


7 posted on 09/26/2011 6:57:10 PM PDT by ridesthemiles
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To: Amagi; Tunehead54; golux; tubebender; Fractal Trader; Genesis defender; 4horses+amule; Carlucci; ...
Thanx for the ping Amagi !

 


Beam me to Planet Gore !

8 posted on 09/27/2011 4:07:14 AM PDT by steelyourfaith (If it's "green" ... it's crap !!!)
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To: Nachum; markomalley; Clairity; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; ...

Corruption ping


9 posted on 09/27/2011 10:26:45 AM PDT by raptor22 (Join me on Twitter @gerfingerpoken)
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