Tag Archives: Solyndra

Why are gas prices so high? 11 more Solyndras in Obama’s energy program

Hans Bader reviews Obama’s energy plan.

Excerpt: (links removed)

A liberal Congress must share the blame for this fiasco, since the massive $800 billion stimulus package it passed in 2009 funded these boondoggles. As a Solyndra stakeholder exulted, “there’s never been more money shoved out the government’s door in world history.”  But as the Washington Post noted, energy programs were “infused with politics at every level” under Obama.  His Administration hastily approved subsidies for Solyndra, whose executives are now pleading the 5th Amendment, despite obvious danger signs and warnings about the company’s likely collapse. (Later, federal officials successfully pressured Solyndra to delay its announcement about upcoming layoffs until just after the 2010 election, to avoid embarrassing the Obama Administration).

The Obama Administration also used green-jobs money from the stimulus package to outsource American jobs to countries like China: “Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University’s School of Communication in Washington, D.C.”   As the Investigative Reporting Workshop noted, “79 percent” of all green-jobs funding “went to companies based overseas . . .In fact, the largest grant made under the program so far, a $178 million payment on Dec. 29, went to Babcock & Brown, a bankrupt Australian company.” (The stimulus package also funnelled money to left-wing community organizers and liberal lobbying groups.)

What does it mean to you when Obama takes money from consumers and business owners in order to spend, spend, spennd on his campaign fundraisers and other beneficiaries of “green energy”?

Click here to see a graph of gas prices from January 2009.

 

Canadian Conservative MP Joe Oliver declares war on green radicals

Canada 2011 Federal Election Seats
Canada 2011 Federal Election Seats

Terence Corcoran writes in the Financial Post about the Canadian Minister of Natural Resources Joe Oliver.

Excerpt:

Through most of 2011, Canadian energy officials in politics and industry watched with bewildered helplessness and some shock as Washington allowed environmentalists to seize control of TransCanada’s $7-billion Keystone XL pipeline issue. They stood by aghast as President Barack Obama, a captive of U.S. green activists and Hollywood movie stars, caved in to political pressure and postponed a decision to approve the project, a potential economic bonanza that promised to deliver thousands of jobs to Americans and billions of barrels of Canadian oil sands production to Texas.

No such green hijacking is going to take place in Canada, at least not without an official fight. On the eve of hearings, which begin Tuesday in Kitimat, B.C., into the $5.5-billion Northern Gateway pipeline — to carry the same oil sands production from Alberta to the West Coast and on to China — the Harper government clearly aims to do what Barack Obama cannot or will not do in America, namely stand up to the growth-killing professional green movement.

It is a cliché in journalism to declare metaphorical wars at the drop of a news release. In this case, it looks like war is exactly what Natural Resources Minister Joe Oliver launched Monday in an unprecedented open letter warning that Canada will not allow “environmental and other radical groups” to “hijack our regulatory system to achieve their radical ideological agenda.”

What a welcome war this is. Never before has a Canadian politician challenged the hitherto saintly protectors of the environment in such direct language. More importantly, Mr. Oliver took straight aim at a troubling trend in Canadian environmentalism — the foreign funding of Canadian green activist groups with the express purpose of shutting down Canadian resource development — first documented in the National Post by Vancouver investigative writer Vivian Krause.

“These groups,” said Mr. Oliver, “seek to exploit any loophole they can find, stacking public hearings with bodies to ensure that delays kill good projects. They use funding from foreign special interests to undermine Canada’s national economic interest. They attract jet-setting celebrities with some of the largest personal carbon footprints in the world to lecture Canadians not to develop our natural resources.”

That’s one reason why the Canadian economy is booming.

We elected a President who gave $535 million to Solyndra, blocked the Keystone XL pipeline, placed a moratorium on Gulf oil drilling and subsidized the Chevy Volt to by $250,000 PER VEHICLE. Note that all of the Chevy Volts sold have now been recalled for repairs. We could have been like Canada, if only we had not elected environmentalists and socialists.

WaPo: Obama’s energy policies “infused with politics at every level”

From Hans Bader.

Excerpt: (with the links removed)

Even the liberal Washington Post, which hasn’t endorsed a Republican for President since 1952, seems to be souring on the Obama Administration’s failed energy programs, saying they were “infused with politics at every level.” As it noted in discussing the Solyndra scandal: “Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal ­e-mails. Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials. The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra,” which was owned by major Obama backers, like George Kaiser.

As law professor Glenn Harlan Reynolds notes, “all the ‘stimulus’ and ‘green energy’ stuff was never anything but a program to put taxpayer money into the hands of cronies and supporters.”

The Obama Administration hastily approved the  taxpayer subsidies for Solyndra despite obvious danger signs and warnings from accountants about the company’s likely collapse, themisgivings of agency officials, and the company’s mismanagement and lousy-quality products. (Solyndra executives are now pleading the 5th Amendment to avoid disclosing incriminating information.) The Obama administration was determined to shovel taxpayer money to its cronies as fast as it could. As an Obama fundraiser and Solyndra stakeholder exulted,  “there’s never been more money shoved out of the government’s door in world history and probably never will be again than in the last few months and the next 18 months. And our selfish parochial goal is to get as much of it . . . as we possibly can.”  “At the time Solyndra received its grant, Vice President Joe Biden declared that the Solyndra investment is ‘exactly what the [the stimulus package] is all about.’”

While diverting taxpayer money away from productive and efficient businesses to corporate-welfare recipients controlled by political cronies, the Obama Administration is busy wiping out jobs through thousands of pages of counterproductive regulations.  Some of these new regulations are designed to spawn lawsuits that will enrich trial lawyers at businesses’  and consumers’ expense.

Here’s an excerpt from the Washington Post piece he linked:

Since the failure of the company, Obama’s entire $80 billion clean-technology program has begun to look like a political liability for an administration about to enter a bruising reelection campaign.

Meant to create jobs and cut reliance on foreign oil, Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal ­e-mails. Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials.

The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra.

The documents reviewed by The Post, which began examining the clean-technology program a year ago, provide a detailed look inside the day-to-day workings of the upper levels of the Obama administration. They also give an unprecedented glimpse into high-level maneuvering by politically connected clean-technology investors.

They show that as Solyndra tottered, officials discussed the political fallout from its troubles, the “optics” in Washington and the impact that the company’s failure could have on the president’s prospects for a second term. Rarely, if ever, was there discussion of the impact that Solyndra’s collapse would have on laid-off workers or on the development of clean-
energy technology.

“What’s so troubling is that politics seems to be the dominant factor,” said Ryan Alexander, president of Taxpayers for Common Sense, a nonpartisan watchdog group. “They’re not talking about what the taxpayers are losing; they’re not talking about the failure of the technology, whether we bet on the wrong horse. What they are talking about is ‘How are we going to manage this politically?’ ”

The administration, which excluded lobbyists from policy-making positions, gave easy access to venture capitalists with stakes in some of the companies backed by the administration, the records show. Many of those investors had given to Obama’s 2008 campaign. Some took jobs in the administration and helped manage the clean-energy program.

Documents show that senior officials pushed career bureaucrats to rush their decision on the loan so Vice President Biden could announce it during a trip to California. The records do not establish that anyone pressured the Energy Department to approve the Solyndra loan to benefit political contributors, but they suggest that there was an unwavering focus on promoting Solyndra and clean energy. Officials with the company and the administration have said that nothing untoward occurred and that the loan was granted on its merits.

I am really surprised to see such a strongly-worded denunciation of Obama’s energy policies in a liberal newspaper.

Take a look at the rest of Hans’ post where he talks about the effects of environmental regulations on job creation and the stimulus’ effect on long-term economic growth. Basically, the only thing that Obama did right in 3 years was sign those free trade deals – and he sat on those for two years so as not to anger his union buddies.  The rest has been a disaster from start to finish.