“Green” investments are the new dot-com bubble, funded with “stimulus” money.
http://news.cnet.com/8301-13578_3-10158505-38.html
One of Obama’s appointees, Doerr, has argued in favor of a massive diversion of taxpayer dollars to green tech. In March 2007, Doerr gave a speech at the TED conference approvingly citing Al Gore’s views on global warming. “I’m really scared—I don’t think we’re going to make it,” Doerr said. “There is a time when panic is the appropriate response. And we’ve reached that time.”
Three years ago, Kleiner Perkins created a $100 million green tech fund, which has invested in technologies including solar cells, fuel cells, smart grid, ethanol, and synthetic fuels. Not-so-coincidentally, Doerr has lobbied for laws at the state level—and, more recently, as part of the “stimulus” proposal—that would benefit his portfolio by moving toward smart grid, solar, and other technology.
Sadly, we couldn’t make this nightmare up.