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Obama To Ask For $1 Billion Climate Change Fund
An anonymous reader writes "President Obama will ask Congress for a $1 billion 'Climate Resilience Fund' in his proposed budget next month. From the article: 'Obama is expected to release his proposed 2015 budget in early March. The prospects for the climate fund are uncertain in a Republican-controlled House. But Obama, who made preparation for climate change one of the major themes of the climate action plan he released in June, will continue to press for the need to adapt, according to the White House.'"
The difference between our government and others is that we have a Constitution which restrains corruption. The further we drift from the law, the more lawless we become.
We are fortunate that Madison was prescient in this thinking and chose to include a mechanism for recovering control in the face of a thoroughly corrupt federal government.
The states will do their duty, and it will be a signal to the world that the American People are both resilient and well equipped to handle any challenge.
Given that Solyndra is the only failure that the Obama critics can ever come up with, and given that a subsidy program for renewable energy obviously has high risks (but also high gains), Obama has a very impressive track record in this area.)
I'm all for solar and renewal energy development. But let's not kid ourselves over President Obama's track record. Here's a list of the ten largest loans to solar panel companies that went bankrupt:
If we add in Solyndra at $570 million he's managed to piss away about $2.5 billion on those ten companies. If that's what you consider an impressive track record, I'd hate to see what you consider mediocre, or poor.