Utility grid updates and emission controls (infrastructure upgrades) are soon going to cause our monthly electric bills to climb as the power companies will undoubtedly pass the costs onto us. Thanks to government inadequacy in understanding the magnitude of the effort:
During the budget battle, Congress cut $500 million from the program to bring this year’s total to $4.7 billion, down from a high of $5.1 billion in 2010. For next year, the Obama administration requested only $2.6 billion, leaving states with roughly half the assistance they’ve had in the past. The White House rationale relies on the assumption that energy prices will decline, but regulatory filings have indicated the opposite trend is in store.
Looks like this is in addition to expected utility rate increases by 2014.
They made no mention of the Solyndra execs being questioned during their Friday evening newcasts.
I guess the media folk figured that “invoking the 5th Amendment” at each question posed to those Solyndra execs wasn’t newsworthy. So where did that $545M of our tax money wind up?????? I would think that in itself would be a plenty newswortthy question to warrant some discussion.
Here is some more on this, at Hotairpundit.
Posted in Corruption, Deficit, Economy, Energy, Ethics
Tagged Economy, Ethics, Fraud, Incompetence, Spending, Truth, Unemployment
And naturally, and succinctly, Hot Air has an excellent summary as well as additional meat (er, links) to tell us about Solyndra’s grant, um, winnings.
You know, I’ve mentioned it before – to others and elsewhere – that this administration headed by Obama, has what I call the Un-Midas Touch. Damned if I’d gamble with these folks.
How many times has the White House handed over lots of our tax money to companies that later failed? Anybody keeping track?
Well, there’s the Caterpillar company, wasn’t that first? But now, with the current one – meaning Solyndra – here we have the FBI investigating the company & the home of its CEO. We hear rumblings how the CEO is such a good contributor to the Obama campaign.
But, oh wait, then why would the FBI raid Gibson and take product – when THAT CEO wasn’t a contributor (yet Gibson’s competition is)????
Perspective, I guess. Not sure I care for 1600’s view on legalities, though. Especially when the prior administration shelved the notion of giving to Solyndra. Yet Obama and company decided not to follow that road correctly.
Remember November 2012.
Posted in Constitution, Corruption, Deficit, Economy, Energy, Ethics
Tagged Economy, Ethics, Fraud, Incompetence, Marxism, Spending, Transparency, Unemployment
GE was awarded 44 contracts totaling over $46,000,000 and 44 grants totaling more than $79,000,000 from the Obama-Pelosi $757 billion dollar stimulus package.
Today GE announced that it was going to gut its offshore wind-power plans.
Is this why GE CEO Jeffrey Immelt was hired by the POTUS, to create jobs and take them away???
I don’t think so, but it sure looks that way now doesn’t it?
In August there were 0 jobs made, or gained, or uh, nothing changed since July on the jobs front. What’s going to happen now, Wall Street? Particularly since this news comes on a weekend?
Posted in Deficit, Economy, Energy, Ethics
Tagged controversy, Economy, Ethics, Incompetence, Jobs, Spending, Transparency, Unemployment
In the Gulf. Question is, when oil is being extracted, will it be ours – or sold to some other country? And, how many resuscitated jobs will be developed?
So far, no answers to those questions yet. But the fascinating thing here is – this discovery was made as a result of recent work on an existing well that was halted over one year ago.
Imagine what our economy, jobs picture and fuel prices could have been – had it not been halted by this administration?
Read the whole thing at Hot Air’s article.
Posted in Deficit, Economy, Energy, Ethics, Politics
Tagged Economy, Ethics, Incompetence, Intolerance, Jobs, Politics, Spending, Transparency, Unemployment
In simplest terms, we are not ready. And here is why:
Electric cars aren’t necessarily green at all. Electric vehicles require large amounts of electricity – so much that Toronto Hydro chief Anthony Haines says he doesn’t know how he’d get it. “If you connect about 10 per cent of the homes on any given street with an electric car, the electricity system fails,” he said recently.
That is but a snippet from the article, be sure to read the whole thing.
One other thing to keep in mind, COSCTO has been removing charging stations from their parking lots (in CA) recently. They just may have saved themselves some grief.
Sorry, but like Kermit said: It isn’t easy, being green.
Yeah, drill, baby, drill. Here, in the U.S. of A.
Posted in Corruption, Deficit, Economy, Energy, Ethics, Sovereignty
Tagged Economy, Freedom, Intolerance, Jobs, Marxism, Profit, Spending, Unemployment
Posted in Constitution, Corruption, Deficit, Economy, Energy, Ethics, Rule of Law, Taxes, Theft
Tagged anti-business, Control, Economy, Fraud, Incompetence, Marxism, Spending, Unconstitutional, Unemployment
Crude, rude and tattooed, most likely.
Apparently, Maxine Waters doesn’t care much for Tea Party members. Guess what, Maxine, we don’t like Socialists, either.
The new civility – same as the old civility.
Posted in Constitution, Corruption, Deficit, Economy, Energy, Ethics, Rule of Law
Tagged anti-business, Economy, Ethics, Fraud, Marxism, Spending, Unconstitutional
Here. In the Gulf of Mexico. Our own regulators killed EXXON’s attempt to drill in the largest oil field of over a billion gallons discovered in 2007.
h/t Hot Air.
Per Investors Business Daily:
The Exxon discovery is the biggest in a decade. If put into operation, its billion barrels will be enough to make a dent in America’s oil dependency on foreign tyrants. If that isn’t a sufficient national security reason, what is?
Not to mention our thousands of jobs lost in the Gulf Coast area and beyond, revenues to the government funds lost, economic devastation, more funds lost to overseas oil companies, our oil rigs lost to other countries, etc., etc. etc.
Now what was that quote by candidate Barak Obama? Oh, yeah:
“Under my plan, electrical energy costs would necessarily skyrocket.”
Apparently, it isn’t just coal that provides energy, now is it?
Posted in Constitution, Corruption, Deficit, Economy, Energy, Ethics, National Security, Politics, Rule of Law, Taxes
Tagged anti-business, Control, Economy, Ethics, Fraud, Incompetence, Intolerance, Jobs, Marxism, Spending, Unemployment