Spend, Spend, Spend! Get That “Green Energy” Money Out The Door!

J.J. Jackson | September 29, 2011 

Even thought it is unconstitutional, even though the government has already been burned by the recent scandal of Solyndra, even though the program is just two days from expiring, those were not reasons for the Obama Administration to not dole out another one billion dollars in loan guarantees to solar energy projects.

Yes, on Wednesday the bumbling, stumbling, fumbling administration currently in Washington, who seems to have never met a liberal boondoggle it didn’t like, approved nearly $750 billion in loan guarantees for Tonopah Solar Energy and almost $340 billion for Mesquite Solar. The companies will use the money to build, so we are told, solar plants of 110 and 150 Megawatts respectively. It appears to be yet another classic example of liberals not being able to admit that their actions are wrong and a failure but instead plowing ahead on the same old course and believing that more money will make their actions work.

Of course, if the plants were going to be profitable the government would not need to give these loans; private investors would be lining up with money. Especially in a day and age when interest rates on bonds are near zero, CDs are a worthless investment and the stock market jumps so erratically as investors try to out guess the next bit of bad news.

But hey, don’t tell that to Steven Chu, the Department of Energy or President Obama. Because you see there is money to be spent! And you cannot expect liberals not to spend it. No matter the risk or the cost.

Copyright © 2006-2011
J.J. Jackson is a libertarian conservative author from Pittsburgh, PA who has been writing and promoting individual liberty since 1993 and is President of Land of the Free Studios, Inc. He is the Pittsburgh Conservative Examiner for Examiner.com. He is also the owner of The Right Things - Conservative T-shirts & Gifts. His weekly commentary along with exclusives not available anywhere else can be found at LibertyReborn.com (Digital Fingerprint: libertyreborn123456789)


Contributor's website: http://www.libertyreborn.com



Content posted by users from other sites is posted for commentary and news purposes under fair use and each author is responsible for their own postings and a particular posting should not be construed as being endorsed by this site or its owner.
Please Note: The comments section is for both the registered users of this web site as well as non-registered users. All wishing to post comments must comply with our Commenting Rules or risk having their comments stricken. Comments do not necessarily reflect the views of the ownership of this site and should not be taken as such just because they are visible and posted here.

Leave a Reply





    • American Conservative Daily is owned and operated by J.J. Jackson, President of Land of the Free Studios, Inc.