Liberals think the next Solyndra will work if only the President enacts enough regulations.
The only lesson Liberals in power are capable of “learning,” it seems, is that they didn’t use enough power the last time they failed. If they had only found a way to provide more money, regulate more strictly, tax more heavily, or exercise more power in some other way, then all their plans would succeed. Failures never teach them that their plans were wrong but only that they need to try again with more effort.
When Solyndra failed, that should have taught the administration something about giving campaign donors taxpayer cash to produce a business. But the Obama Administration continued to attempt (and fail) to use their power to pick business winners.
And they haven’t given up. They are incapable of rethinking their strategy.
As Marita Noon writes at Breitbart.com, “Obama’s Clean Power Plan: Solar Companies Win, Taxpayer’s Lose.”
President Obama’s Clean Power Plan, released in its final form on Monday, August 3, sparked jubilation in the solar industry. The same day, however, some other news reminded the public of what happens when government policy mandates and incentivizes a favored energy source: Taxpayer dollars are gobbled up and investors lose out.
“The fundamental objective of the Clean Power Plan,” according to Solar Industry Magazine, “is the phasing out of coal-fired power plants in favor of low- or zero-emission sources.” It does this through three “building blocks,” one of which seeks to “increase electricity generation from non-emitting renewable sources, such as solar and wind.”
In a post titled: “How Obama’s Clean Power Plan will fuel the solar industry’s rapid growth,” Forbes.com contributor Lyndsey Gilpin, quotes Shayle Kann, senior vice president of GTM Research: “It could be a major catalyst for solar nationwide.” Gilpin points out: “Apart from the Solar Investment Tax Credit, the federal tax credit for solar, the Clean Power Plan is the first national policy for renewable energy.”
What is the main obstruction to the plan? Noon quotes the solar advocates. They are worried about fracking and natural gas. This has brought energy prices far too low to make solar profitable or to make solar look as if it might become profitable anytime soon.
Mark Horne wrote last year about how the government claims to know the future needs and be able to meet them, but fracking is one example among many that the government has no crystal ball when it comes to planning the economy.
What the government produces is not superior planning for the future, but corruption. Noon writes about the solar energy company Abengoa.
The Spanish solar company was the single largest recipient of taxpayer funding through Obama’s 2009 Stimulus Bill—$2.8 billion—but has been beset with corruption and allegations that it routinely violates U.S. immigration, environmental, and workplace safety laws. The company, currently under investigation by U.S. Customs and Immigration Service and the Department of Labor, creates spinoffs that enable it to move funds from one to the other, apparently hiding money and falsifying records.
The government is such a sleazy operator. It leverages the fear of an unknown future in order to scamp people out of their money. They are as disgusting as any frauds they claim we need to be protected from.