More than $16 billion in loans authorized five years ago by Congress to develop fuel-efficient vehicles has yet to be disbursed, with applicants for the money complaining that the Energy Department is crippling plans for greener cars and trucks at a time of rising gas prices.
Some companies contend that the loans, administered by energy officials, have dried up because of a political firestorm that followed the bankruptcy last year of the solar panel company Solyndra, which had received a federal loan from a related program. The bankruptcy fed Republican criticism of the Obama administration’s handling of clean energy loans because one of the investors in Solyndra was a major fund-raiser for the president.
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3 comments:
these "d" loans should dry up and never come back again. get the government out of the practice of picking winner and losers to subsidize. the government is lousy at doing this. it's a total waste of our tax dollars and not constitutional.
enough of this practice and much more. STOP THE SPENDING NOW !!!!
2:31
I agree totally.
Most of these "green" companies are noting more than front groups for the reelect Obummer campaign, and the money is slowely funneled right back to Obummer.
The bottom line is (which is glossed over by proponents of the green movement) the lifestyle change which is involved in order to see the full benefits of this movement.
For instance solar panels. To get the maximum benefit financially from them you must rethink and relearn everything we've been doing. Things such as taking long hot showers, watching TV for hours at a time, using the dryer, leaving computer on all day long......
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