…is a long and undistinguished list of losers.
When the government is in the business of picking businesses to support, they usually fall flat on their face. In the case of the Obama Administration, the failure of the Green Energy sector is colossal and continues to be under reported in the MSM.
In fact they do talk about individual failures, but they don’t talk about all the past failures of green companies when they do it, giving the impression that it’s a rare thing.
Fail.
President Obama’s Taxpayer-Backed Green Energy Failures
Ashe Schow
It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.
The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that some companies are not under financial duress does not make the policy a success. It simply means that our taxpayer dollars subsidized companies that would’ve found the financial support in the private market.
via The Complete List of Obama’s Taxpayer-Backed Green Energy Failures.
Truth, Lies and In Between 