Firm Sells Solar Panels - To Itself, Taxpayers Pay

Washington Examiner ^ | 3/19/12 | Timothy P. Carney

[Lmo56]

A heavily subsidized solar company received a U.S. taxpayer loan guarantee to sell solar panels to itself.

First Solar is the company. The subsidy came from the Export-Import Bank, which President Obama and Harry Reid are currently fighting to extend and expand. The underlying issue is how Obama's insistence on green-energy subsidies and export subsidies manifests itself as rank corporate welfare.

Here's the road of subsidies these solar panels followed from Perrysburg, Ohio, to St. Clair, Ontario.

[Lmo56]

Ya gotta read all of this - only in America ...

[TigersEye]

bttt

[pandoraou812]

shakes head!

[Gene Eric]

Enron.

[equaviator]

“-——

CORRECTION: Due to my own brain slip-ups, this column originally referred, repeatedly, to wind farms. No wind farms are involved here. All solar. My apologies for the carelessness and the confusion it caused. -TPC

Timothy P.Carney”

Y’see? People just don’t think enough of wind and solar energy production to even remember which is which.

[lowbridge]

Bump