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Direct Federal Subsidies to 'Clean' Energy Up 186.6%
Cybercast News Service ^ | 8/17/11 | Andrew Herzog

Posted on 08/17/2011 5:22:27 PM PDT by Nachum

(CNSNews.com) – In addition to the 2009 economic stimulus law which, among other things, created financial incentives for clean energy, a new report by the Department of Energy shows that direct federal subsidies to alternative energy increased 186.6 percent between 2007 and 2010, up from $5.1 billion to $14.6 billion.

Around the same time the report was released, a large solar energy company in Massachusetts, touted by the Obama administration as benefiting from the economic stimulus, announced it was filing for bankruptcy.

(Excerpt) Read more at cnsnews.com ...


TOPICS: News/Current Events
KEYWORDS: clean; direct; federal; subsidies

1 posted on 08/17/2011 5:22:34 PM PDT by Nachum
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To: Nachum

Why shouldn’t it be up, Obama got his money didn’t he?


2 posted on 08/17/2011 5:26:37 PM PDT by Venturer
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To: Nachum

and they are declaring bankruptcies. What a great big con job. What a scam.

Is there an honestest leftest out there?


3 posted on 08/17/2011 5:27:36 PM PDT by FreeAtlanta (Fight for Liberty)
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To: Nachum

so, how does this work?

company x...hey, we have a plan to generate megawatts of energy by putting pinwheels on bicycles.

0bama administration...that’s GREAT! here’s a couple billion dollars to you to pursue!

a month later...company x...oh sorry...didn’t work out...thanks for the billion dollars...bye

is that how it works?

can you substitute “friends of 0bama” for company x?


4 posted on 08/17/2011 5:33:06 PM PDT by mreerm
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


5 posted on 08/17/2011 5:38:12 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

What a waste of money.


6 posted on 08/17/2011 5:47:49 PM PDT by WHBates
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To: mreerm

can you say ‘friends of John Kerry”?


7 posted on 08/17/2011 5:53:08 PM PDT by bitt (“I have never heard a US President lament his constitutional limitations as much as this punk.”)
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To: Nachum

Eagles, owls, and hawks not included.


8 posted on 08/17/2011 6:11:57 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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