"Fourteen green-tech firms in which Gore invested received or directly benefited from more than $2.5 billion in loans, grants and tax breaks, part of President Obama's historic push to seed a U.S. renewable-energy industry with public money."
That's nice work if you can get it—at least if you're on the investment-management end of the deal. But what if you're on the worker-bee end?
The Post story mentions one of the beneficiaries of Mr. Gore's investment acumen, Milwaukee-based Johnson Controls, which won a $299 million award from the federal government in 2009 to make electric-car batteries. Here's how that worked out:
"The company has dramatically scaled back, after executives concluded demand for electric cars was far lower than the administration forecast. The factory outfitted with stimulus funds is nearly idle, and plans to build a second plant have been postponed."And the article gets more interesting, at the link.
Global warming. Follow the money.
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Other op-ed pieces from the WSJ worth reading. Not recommended for those on heart medication or with "heart conditions."The Fog of Obama's Non-War
Secretary of Say What?
The Ethanol Election Delay
Why the US burns 40% of its corn, despite a global food shortage.School reform on the ballot
Jerry Brown vs the 99%
Payroll taxes are "Regressive"? Time to rethink that idea
"Concierge" medicine, ObamaCare and the end of empathy
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