Green Energy
LAWSUIT ALLEGES CRONYISM IN OBAMA ADMINISTRATION “GREEN ENERGY” LOANS
From Powerline (click on title to read the whole thing):
A lawsuit recently filed in the United States Court of Claims may shed further light on the corruption of the Obama administration’s “green energy” programs. The lawsuit was filed on behalf of XP Vehicles, Inc. and Limnia, Inc., companies that competed for Department of Energy loans under a Congressionally-authorized program.
The owners of XP eventually realized that there was no real competition, and that the whole Department of Energy program was a scam intended to funnel money to Obama and Democratic Party campaign contributors and political allies.
They allege in addition that DOE misappropriated proprietary technology that they submitted in connection with their loan applications, and gave that technology to Obama administration cronies.Are the allegations true? I don’t know.
They certainly are consistent with what we know about the administration’s green energy programs, and there is no doubt about the fact that companies like Tesla and Fisker, which won out in preference to these plaintiffs, were 1) politically connected, and 2) failures in the marketplace.
What we can say for sure is that programs of this sort are destined for disaster. There is no reason why the government should be in the business of favoring some private companies over others; if it does so, either the reality or the appearance of political favoritism is inevitable.
It is time to drive a stake through the whole enterprise of government involvement in “green energy.”
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Judge Throws Out ‘state Secrets’ Claim, Allowing Lawsuit Against Nsa To Continue
From Will at THE OTHER NEWS: Judge throws out ‘state secrets’ claim, allowing lawsuit against NSA to continue.HT:RussiaToday. The suit, known as Jewel vs. National Security Agency, was originally filed in 2008 by the Electronic Frontier Foundation...
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Obama's 36 Green Energy Failures
From Heritage: It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner...
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US Gov't approves 4 more solar energy loan guarantees worth nearly $5B on Friday From Will at The Other News: The U.S. Energy Department approved four more solar energy loan guarantees worth nearly $5 billion on Friday just hours before a controversial...
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HOUSE TO PROBE OBAMA ACTIONS ON SOLYNDRA, LIGHTSQUARED Rep. Darrell Issa (R-Calif.) said Tuesday that his committee plans to investigate government loan programs to private corporations in light of allegations of improper dealings between the White House...
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The Bankruptcy Of Obama's "green Economy"
From Will at The Other News: Congressional Investigator: More Solar Bankruptcies to Come.(Heritage).A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee...
Green Energy