Lake Minnetonka Liberty

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Tag Archives: Dept. of Energy

FOLLOW UP: Obama Gives $737 Million to Solar Firm tied to the Pelosi’s

What was it again that I said in a post earlier today? Oh yeah, here we go:

But wait! It gets better. There is even more corruption in this latest billion dollar boondoggle that leads to the top-tier of government.

Let’s set this up, okay? Okay! Here we go, via The Hill:

The Energy Department announced Wednesday that is has finalized a $737 million loan guarantee for a Nevada solar project.

The decision comes several weeks after a California-based solar manufacturer that received a $535 million loan guarantee from the Obama administration in 2009 filed for bankruptcy and laid off 1,100 workers, setting off a firestorm in Washington.

The $737 million loan guarantee will help finance construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nev. The project is sponsored by Tonopah Solar, a subsidiary of California-based SolarReserve.

Crescent Dunes is the latest solar project to receive a loan guarantee from the Energy Department in recent weeks. The department announced a $1.2 billion loan guarantee to Abengoa Solar for a solar generation project in California and a $150 million loan guarantee to 1366 Technologies for a Massachusetts solar manufacturing project earlier this month.

You just read that Tonopah Solar is a subsidiary of SolarReserve. So, in order for this project to get off the ground, the government secretly subsidized them, probably because no free market bank or loan company would back this boondoggle.

So as long as Tonopah gets off the ground and the power companies are mandated to purchase their energy, Tonopah and it’s parent company make a lot of money. What a racket! This would make the mafia proud! So anyway, guess who the number two guy is at the parent company, SolarReserve, who stands to make a great deal of money? Why that would be Ron Pelosi, brother-in-law of House Minority Leader Nancy Pelosi. Move along now, nothing to see here.

Obama wants new tax to fund 62% increase in transportation budget

That would be Ray “Gimmie more power and money” Lahood’s department. NO! No more money, no more taxes.

Senate Budget Committee ranking member Jeff Sessions (R-Ala.) took Transportation Secretary Ray LaHood to task Thursday for the Obama administration’s call for a massive increase in transportation spending.

Given the record deficit this year, Sessions said he was surprised to see Obama’s 2012 budget call for an 11 percent spending increase and a 9.5 percent increase for the Education and Energy departments, respectively.

As usual, he does it again. You’ve seen me write about these two boondoggle waste of money bureaucracies before. I’ve said they both need to be eliminated. We don’t need the Dept. of Energy which was a Carter created bureaucracy, and the Dept. of Education, another Carter created bureaucracy to appease the teachers unions. Both of them should be eliminated. But not in the funny little world of Barack Obama. Oh no, they need to be expanded! Is he still doing cocaine? He’s got to be because something isn’t right with how he thinks.

The new tax would be necessary, in part, because the gasoline tax used to fund the highway trust fund is collecting less revenue than projected due to increasing fuel efficiency.

And who’s fault is that? Once again, Barack Obama and his new CAFE standards, not to mention the failure to be drilling for our own oil. This is all his failed policies, everything like this is happening just like I told you it would two years ago. Every single time the government sticks its nose in to something, there are always consequences that affect all of us.

To solve the problem, lift all CAFE standards, and start drilling and building nuclear power plants. It’s so simple, it really is.