[Innovative]

Highly recommended reading the entire article, lots of good points and info.

Here is the print version, the entire article on a single page

[Innovative]

“DOE had blown through $14.5 billion investing in and guaranteeing loans for private companies like Solyndra” — but we can’t cut from this, we need to close the White House for visitors to save money and cut our defense...

You can see where Obama’s priorities lie.

[E. Pluribus Unum]

In an event today at the Argonne National Laboratory President Obama will be talking up his proposal ... to create something called the Energy Security Trust.

When the feral government uses a word like "trust," it always means the exact opposite of what normal, non-psychopathic people would think.

[Secret Agent Man]

This is just reparations. All this guy does is find ways to take money from groups and people he hates, and gives it to people he likes. And the media orgasm and think it’s such a novel idea nobody’s had before.

Crony kickbacks. Political payback. In the process causing everyone’s energy to go up, wasting more money on ideas he knows won’t work, so that money can’t be used on real answers, and helping to tank the economy and companies further.

[Tublecane]

Sorta like forcing carriage companies to pay for automobile research, except we don’t know anything about automobiles or if there even is such a thing. If there’s money to be made from “alternative energy,” then we don’t need to skim off the top of oil profits to research it. That endeavor would provide its own rewards. Which is why oil companies themselves are paying for their own research. Because they want those profits, too.

[Brad from Tennessee]

[. . .this is a terrible idea — and a backdoor to the imposition of a nationwide carbon tax. . .]

With this White House it is a backdoor to criminal misappropriation.

[upchuck]

Thanks for that link to the print, one page version.

I really like the last paragraph:

You want an Energy Security Trust? Well we already have one. It’s this: the hard work and innovation of the tens of thousands of engineers at American oil companies who have unlocked a plentiful supply of energy that will keep the nation moving and growing for decades. And all without taxpayer handouts.

YES!