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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.'"
Just say No to this.
The U.S. is doing fairly well on pollution, It's the third world up-and-comers with a massive increase in their oil budgets and no, or suppressed, or wholly state-owned, watchdogs who are polluting the world.
A pork fund by any other name is still a pork fund.
Don't be fooled.
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.
That's some terrible formatting - mixing billions and millions and straight dollar amounts.
After some simple parsing: 33 companies total, 19 filed for bankruptcy, 14 did not.
Of the 19 that filed for bankruptcy, Solyndra was easily the largest with $535M.
Of the 14 that did not, Brightsource is easily the largest with $1600M.
Brightsource alone constitutes more money involved than the total for those that filed for bankruptcy; $1598M.
The total money involved for those that did not: $5837M
Ultimately these numbers don't mean a whole lot without looking at the complete effects, but I thought I'd at least make that list a little easier to work with; numbers in millions.
1600,Brightsource
1460,First Solar
1200,SunPower
529,Fisker Automotive
299,Johnson Controls
178,Babcock and Brown
151,LG ChemÃTM
126.2,ECOtality
100,Mascoma Corp.
98.5,Nevada Geothermal
50,Vestas
39,Navistar
5.9,Amonix
0.5,GreenVolts
535,* Solyndra
400,* Abound Solar
279,* A123 Systems
118.5,* EnerDelÃ(TM
80,* Range Fuels
43,* Beacon Power
33,* Raser Technologies
25,* Evergreen Solar
20,* Konarka Technologies Inc.
16,* Nordic Windpower
13.3,* Energy Conversion Devices
10,* OlsenÃ(TM
7,* Stirling Energy Systems
6.5,* Thompson River Power
5.4,* Azure Dynamics
3,* Satcon
2,* Mountain Plaza
0.700981,* Willard and Kelsey Solar Group
0.5,* SpectraWatt
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.
Good work on the list, but even then, that list is not complete. For example, it does not include Tesla, of which .5B was lent to them and since repaid. And how much of a difference has it made? Huge. They have forced all of other car makers (save nissan) to build electric cars, even though they do not want to.
I prefer the "u" in honour as it seems to be missing these days.