ABC News explains Barack Obama’s green energy programs:
President Obama’s Department of Energy helped finance several green energy companies that later fell into bankruptcy — but not before the firms doled out six-figure bonuses and payouts to top executives, a Center for Public Integrity and ABC News investigation found.
…we all did things during our college years that we might want to forget. Luckily for me, none of my nonsense was captured on video. Not so lucky for our President. The video of him encouraging a gathering of Harvard students to embrace the man and the message of the late leftist Dr. Derrick Bell has been making the rounds of the Internet. Although Democrats (and most of the media) suggest this is nothing more than a student showing support for the first black tenured professor at Harvard Law School, I’m fairly sure the President would just as soon not have to deal with the issue during an election campaign.
Last year, the Department of Energy gave Solyndra a $535 million loan guarantee funded through the American Recovery and Reinvestment Act. Five-year-old Solyndra was the first company to receive a loan guarantee, and it has become a poster child for the success of federal stimulus spending and its ripple effects on the economy.
It’s become a poster child for certain, but hardly in that manner.
One has to ask the question about Greens, do they even live on this planet they are trying to save? They often seem to be living in a completely different universe if not just a different planet.
The most recent example of this is the LED light bulb, the latest answer to Congress’s 2007 energy efficiency mandate – which was regrettably signed by George Bush. Last week a story emerged that the 100 watt LED light bulbs slated to replace 100 year old inefficient incandescent bulbs will cost upwards of $50 apiece! That’s right, $50 for a light bulb…
