WHY DOES THIS ADMINISRATION CONTINUE TO THROW DOWN THE GREEN RATHOLE?

The extreme positions that the Obama administration takes in funding "GREEN ENERGY" companies continues to befuddle the average citizen and taxpayer.We learned just a few weeks ago that over $500 million was given to a company called Solyndra. We also know that before the energy department gave away our tax money,many had warned that this was a bad investment,dating back to the Bush administration.They even received at least a billion dollars from private investors,including people who bundled money for Obama during his campaign.

When it was known that the company would fail, they even changed the rules that would have given the taxpayers first rights to any money left,instead giving it to private investors,who just happen to be big Obama supporters.What a coincidence!!This after the bond holders of GM were to get first pickings by law, but the Obama administration gave it to the unions first.

Now we find out that a company called Sunpower,received 1.2 billion in loans while owing $820 million,$20 million more than its market capitalization. According to Human Events, it traded at an all time of $133 in December of 2007.As of October 4Th, it was trading around $6.60 per share.Sound like this $1.2 billion will be gone soon,if not already.

The loan guarantee was to go to the California Valley Solar Ranch {CVSR}. According to the DOE, this project would create 350 construction jobs during the estimated two years to build this project.It would create a whopping 15 permanent jobs, which works out to a cool $80 million per job.What a deal!!But wait, they say that they would create an undetermined number of jobs building the panels, only these would be in Mexico.

This GREEN ENERGY PROGRAM is going to really help our already insurmountable debt and for what.Just a bunch of failing businesses,while the heads get tons of money.Talk about crony capitalism !

This administration harps constantly about any money given to oil companies even though they pay huge taxes.At least they are giving us a needed commodity,even though oil has gone u[p considerably the last two years, at a usable price.The so called green energy will come about when the private market finds ways to market it a reasonable price that the consumer will pay.In the mean time, lets drill for more oil and natural gas.We also have more coal than anyone in the world..Enough is Enough!!