From National Review:
Wind-Energy Sector Gets $176 Billion Worth of Crony Capitalism
It takes enormous amounts of taxpayer cash to make wind energy seem affordable.
Last month, during its annual conference, the American Wind Energy Association issued a press release trumpeting the growth of wind-energy capacity. It quoted the association’s CEO, Tom Kiernan, who declared that the wind business is “an American success story.”
There’s no doubt that wind-energy capacity has grown substantially in recent years. But that growth has been fueled not by consumer demand, but by billions of dollars’ worth of taxpayer money. According to data from Subsidy Tracker — a database maintained by Good Jobs First, a Washington, D.C.–based organization that promotes “corporate and government accountability in economic development and smart growth for working families” — the total value of the subsidies given to the biggest players in the U.S. wind industry is now $176 billion.
That is money coming right out of our wallets - the Federal Government does not make any appreciable money. All of its funding comes from our tax dollars. We are currently $19 trillion dollars in debt and we are spending this kind of money on crony capitalism and alt.energy ratholes.
Leave a comment