Just a day after the president talked about eliminating tax loopholes for evil big oil, the useless $25 billion a year Department of Energy announced a $4.5 billion loan guarantee for First Solar to build three plants in left-wing California. The Green Agenda moves on for Obama.  Big Oil is evil and should get no tax breaks, but solar and wind power, expensive green energy that is useless when the sun doesn't shine and the wind doesn't blow, gets a $4.5 billion federal loan guarantee.

Everyone knows that solar and wind power are economically unsound and can't stand on their own and need massive government subsidies to exist. The stock for First Solar went up 10% when the "deal" was announced this morning. I wonder what congressman and senators speculated in FIrst Solar before today. They are, of course, immune to SEC rules when it comes to knowledge about publicly traded companies that the government is "helping".



Green Energy Helps Bankrupt America