Obama used the ruse of “green energy” to suck billions out of the economy.
Now that he’s gone, Alexandria Ocasio-Cortez hope to keep the scam rolling.
Going green became the catchphrase for government larceny under Obama.
The man put PT Barnum to shame, as he billed himself as a friend to the environment. Thus, Obama preached about renewable energy and sustainable sources.
As the saying goes, “There’s a sucker born every minute,” so Obama suckered many Americans.
In fact, Obama spent nearly $40 billion a year on green energy projects. This is an amazing figure, particularly considering all America got for the money.
The Solar Letdown
For decades, green energy supporters touted solar energy as the answer. However, the solar energy industry cannot support itself without massive government subsidies. The average homeowner would need a $30,000 system just to save $2,000 a year. And who really knows what the savings are, given the Obama administration’s “fake data.”
Regardless, even using their numbers it would take 15 years just to recover one’s initial investment. Since the average home owner stays in their house less than 13 years, a buyer never recovers his or her investment.
As we’ve learned with Leftists, their policies aren’t about saving taxpayers money or doing something amazing for the cause.
The Institute for Energy Research reports:
President Obama subsidized solar and other renewable energy in the United States with taxpayer money to the tune of $39 billion per year on average for the past 5 years. These massive subsidies, however, have done little to increase the contribution of solar power to the electricity generation mix as solar is expected to produce just 0.6 percent of electricity generation this year.
The Numbers Speak for Themselves
With statistics like these, it’s no wonder that most of the green energy companies funded by Obama went belly-up. Green energy could easily have been called ObamaFuel, reminiscent of the healthcare scheme that failed just as badly. How many of those ObamaCare co-ops were total flops?
Nearly 40 companies that took big government pay-outs are bankrupt or headed for bankruptcy.
Fox Nation compiled a list of the failing energy companies along with the amount of government funds at their disposal. Most of these companies had millions thrown at them:
- Evergreen Solar ($25 million),
- Schneider Electric ($86 million)
- Johnson Controls ($299 Million)
Other companies actually received billions of taxpayer funds.
- First Solar (1.46 billion)
- Sun Power (1.2 billion)
- And many others.
Thick as Thieves
We are still totaling up the damage from the green energy debacle under Obama. But before we’re even out of the woods, another leftist wants to keep the scams rolling.
As Breitbart explains:
Democrats including Rep. Alexandria Ocasio-Cortez (D-NY) are calling for a Green New Deal intended to transform the United States economy to combat climate change and create thousands of jobs in renewable energy.
The freshman lawmaker and Sen. Ed Markey (D-MA) are teaming up on the plan, which aims to eliminate all carbon emissions in U.S. energy production by 2030. A joint resolution drafted by Ocasio-Cortez and Markey sets a goal to meet “100 percent of the power demand in the United States through clean, renewable and zero-emission energy sources,” including dramatic increases in wind and solar power.
Ironically, even Nancy Pelosi scoffed at the idea. Of course, anyone with half a brain knows the democratic party will soon implode from the drama brewing within the party.
In fact, Pelosi made it clear that no one plans to take this “New Green Deal” seriously. And the new committee to form climate change initiatives doesn’t include Orcasio-Cortez.
It’s almost shocking to see Ocasio-Cortez snubbed by her own party. I’m sure it was comedic gold when Pelosi released the list of Representatives tasked with climate change and Ocasio-Cortez didn’t make the cut.
NEW: Speaker Nancy Pelosi names members to new Select Committee on the Climate Crisis.
— ABC News (@ABC) February 7, 2019
It sort of ruins my theory that Ocasio-Cortez is the love child of Chuck Schumer and Nancy Pelosi. However, this set-back won’t stop Ocasio-Cortez from working against the American people.
She will continue to look for ways to destroy us in the name of going green. Just as Obama did.
Clearly, he managed to misappropriate funds for his green energy wet dream, and taxpayers lost billions. Along with what we’ve already discussed, Obama buried climate change in almost all his legislation. Further, he attempted to make climate change expenditures difficult to track and even more difficult to remove.
Sadly, what liberals don’t tell you about the increase of renewables is that the fossil fuel energy grid remains active even when the renewable energy is operational. Thus, it is just wasteful.
Unfortunately, getting rid of Obama wasn’t enough to remove the scams from our legislation. Leftists are still selling pipe dreams in green wrapping paper. And they’re willing to waste billions with nothing to show for it. But President Trump won’t have to do much to deal with this ridiculousness. He can just sit back and watch as they pick each other off one by one.