It's too bad that Obama's got a spending problem instead of being like Clinton who had a woman problem. Hey Barry, keep it in your wallet.
Green energy = forced wealth transfer from tax payers to democrat donors.
Reward your friends.
That is all it is.
Additional taxes on gas, oil, coal and nuclear power will be a boon for the economy... of China and India.
What in the hell can these people possibly be thinking?
To them it's all about wealth redistribution, and anything that aids that goal is to be promoted.
This is a HIGHLY overlooked factor in the eternal discussion of wealth distribution and the 'evil' super rich. If the government follows the socialist / communist philosophy of leveling / equalizing wealth then innovation DIES!
Pickens, a largely self-made billionaire, has enough wealth to try an idea and then to drop it when it does not work. Since it is his own money, he has little restrictions on going elsewhere. This is conceptualized in economics under the term "Free Capital". It is inclusive of time, labor and money and has in our lifetimes resulted in Apple, Microsoft and other such 'garage' endeavors.
This case of Solyndra shows what happens when a government intervenes. To my mind the absolute key factor was the fact that the "loan guarantees" were tax dollars and no one person was personally invested in the proper use of these dollars. When it is "other people's money" it is an abstraction and for the bureaucrat there is probably no penalty for failure and there is always more money in the pot.