Feds pour $32 million more into beleaguered solar industry. Oh what the hell, it’s only Monopoly money at this point anyway. Fire up those printing presses!
This post was last modified on January 26, 2021
Feds pour $32 million more into beleaguered solar industry. Oh what the hell, it’s only Monopoly money at this point anyway. Fire up those printing presses!
This post was last modified on January 26, 2021
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I've probably posted this video before but when I saw in the headline "Fire up the printing presses" I had to do it again.
https://youtu.be/J6TcpfBHlbs
First thought, without even reading any details:
Nowadays, $32 mil into an entire industry is diddy-squat. A business with a market cap of 32 mil is a small business. So what are they really doing?
Well $32 mil to a person or three, or four, amounts to a decent chunk of change. Especially when you're a failed businessman.
That's my bet on what is really happening there.
$32 million isn't squat when you look at the $150 billion already wasted on green projects. Solyndra and Abound Solar, both bankrupt and out of business, got almost $1 billion themselves and neither survived. I think we all know where the money went and it wasn't back to the taxpayers.
I didn't mean to imply that they didn't piss away huge sums of money down the green energy rat-hole. Just that this particular expenditure amounts to so little in the big picture that no one can possibly think that it's for "the industry". It's obviously a last-ditch payday to donors and pals.
Like trying to fill the outhouse basement with dollar bills....
They're already on the toilet paper roll. That's the next logical step.