Subsidizing Green Energy is Throwing Good Money After Bad

Another one of the Obama backed green energy companies is sinking fast.  ECOtality Inc. which received $100 million in federal stimulus grants has laid off all it employees and is facing two class action lawsuits, trying to recoup investors’ money by selling the company’s assets.  One hundred million here, half a billion there, a billion over there; pretty soon we are talking about real money being wasted on President Obama’s green energy fantasy.  When will Congress call a halt to these programs?  And how much more will be added to the deficit in the meantime?

Comments (11)

Trackback URL | Comments RSS Feed

  1. Lloyd says:

    As long as government thinks they can actively promote their own agenda with positive outcomes, government will keep spending our money and losing it. They may never learn that it is the market that decides what will succeed.

  2. JD says:

    Subsidizing bad industries is a double whammy. First, it distorts the market by making bad companies look good and good companies look bad (in comparison), ultimately resulting in the expansion of bad companies and the shuttering of good. Second, the money comes out of public coffers, making us all poorer.

    • Dewaine says:

      So, we get poorer products and can buy less of them?

    • Sabal says:

      But, how do we know that we’re subsidizing a bad industry? If we keep investing, a “bad” industry could become a good one and provide great benefits.

      • JD says:

        That doesn’t seem likely historically or logically. Subsidization insolates companies from many consequences meaning that there is less “fire to their feet”. A company competing openly will have to work harder to make it.

  3. Tomas says:

    Government acting as a start up investor just doesn’t sound like the best idea.

  4. It was also slow to get the reader to go back if
    a page went by that you had not finished reading. Hopefully, you are not the type of person that gives up easily; I will hate for you to purchase the kill
    your stutter program and not put it to use, because you are frustrated or because
    you do not have time to read through the guide. You
    will upload into your web or blogsite, submit the ebook toward a ebook shop or websites.

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.