No, going into green energy is not a good thing if it is not economical, and it is not. Obama blew $150 billion, stolen from the taxpayers, on these essentially “crony capitalist”, anti-free market projects.
Obama Subsidizes U.S. Solar Energy
Spain’s economy was basically destroyed by the fanatical green energy movement there –
Spain’s Green Disaster a Lesson for America
Really it’s a kind of insanity that government officials think they know better than a free market does, and they repeat the failures of centralized command and control (socialist) systems over and over again. So excluding the bogus “CO2 pollution” argument, why do they want renewable energy? They claim it’s because we will run out of fossil fuels! However, as fossil fuels get used up or more expensive to extract, they will become more scarce and their price will necessarily rise. At some point, between rising prices and improved technology, entrepreneurs will bring economical alternative energy to the market. NO “GOVERNMENT SOLUTION” NECESSARY. Instead government distortions of the market simply result in our industries being less price competitive with foreign companies whose government economic policies are not so fucked up.
And no, it was never about “investment in green technology” – that was just the public excuse. R&D is already a tax write-off for companies. Instead, the money was a pay-off to Obama backers, to protect them from market forces of free enterprise and competition, but the economics of “green energy” are so bad that many of those companies went bankrupt anyway. Since it was not their own hard-earned money (like it would have been an entrepreneur), they could waste it on hookers and blow – and kickbacks to the Democrat Machine.
…These programs might be the greatest—and most expensive—example of crony capitalism in American history. Tens of billions of dollars went to firms controlled or owned by fundraisers, bundlers, and political allies, many of whom—surprise!—are now raising money for Obama again.
Analysis: 80% of DOE green energy loans went to Obama backers
The electricity utilities are happy to sell you a “green energy plan” where you pay more for the same amount of energy, but getting the government to force everyone to do it by Dictate, just means a lowered standard of living for everyone. The facts are most people simply can not afford it:
- 62% of Americans have less than $1000 of savings
- 15% of households have negative wealth
- 100 million Americans are out of work; 50% of working age Americans are not working ; the lowest labor force participation rate in 40 years.
- 50 million Americans would starve without government food payments.
- A record high 15% of Americans live in poverty.