July 23, 2012

Obama’s Green Energy Bets Keep Coming Up Short

“The only problem we have is these credits were working so well, there aren’t enough tax credits to go around.”
           – President Obama, July 9, 2010

In May, the Senate Republican Policy Committee published an analysis of President Obama’s failed investment of billions of taxpayer dollars in “green” energy companies. The President's bets continue to come up short. Recent bankruptcies of solar companies Amonix and Abound Solar further show that President Obama’s deployment of taxpayer funds to pick winners and losers in the global energy economy is a terrible policy that should end.

Green Energy

*Loan never closed because the company declared bankruptcy.

Issue Tag: Energy