Why Is The President Pushing Pond Scum?
Well the Washington Free Beacon has an idea:
President Obama’s most recent green energy fixation—algae—may suffer from the accusations of cronyism that have plagued his broader effort to promote non-fossil fuel energy sources through massive federal subsidies.
May suffer? Read on:
Solazyme, a San Francisco-based firm that specializes in the plant matter, has received more than $25 million in federal grants and contracts as part of Obama administration’s controversial stimulus package, and is poised to receive millions more as part of the president’s recent efforts to promote green biofuels such as algae.
The firm employs a former member of the Obama-Biden transition team who, according to one online bio, “played a key role in developing the energy provisions in the economic stimulus bill.”
That’s right, the usual – crony capitalism. And in this case, you get a twofer. San Fran Nan’s district benefits.
Be nice if the guy who claimed he was going to change “politics as we know it” wouldn’t revert to “politics as usual” at every opportunity to pad his re-election campaign and help out his cronies, huh?
~McQ
Twitter: @McQandO













Along with a tax payer subsidized solar panel company that used tax payer funds to sell (buy) solar panels from/to itself. More Sweet Green Deals
http://campaign2012.washingtonexaminer.com/article/firm-sells-solar-panels-itself-taxpayers-pay/434251
http://sonofsoylentgreen.wordpress.com/2012/03/19/gee-wonder-how-this-will-go-over-at-the-trial/
Same story are looker, but a different view. Really, CAN there be any question that the whole “green” thing is a massive scam…top to bottom?
@Ragspierre Solarrrr gooooood, oil baaaaad, solarrrrr gooooood, oil baaaaaaad.
I’m pretty sure Professor Erbonomics will be right on over from the “progressive” threads to explain why this is exactly what progressive economics has always been about which you’d know if you’d been to one of his lectures, Buffy.
@DocD I’m STILL waiting for any response to the Ragspierre Challenge; cite a time when the market failed to “respond in time” to the loss of a resource (not counting times of war). The point being, the entire premise of “economic planning” is stupid. Unless your object is to pipe money to your cronies…
@Ragspierre well, you guys have to admit, it certainly does show government exerting control over the markets, which Erbonomics heartily recommends at all times. Markets don’t regulate themselves you know!
Funny, HotAir has a follow up the EO issued over the weekend. Their new take … it’s all about R&D money like that of DARPA
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“Why Is The President Pushing Pond Scum?”——————————
Nepotism.
Sorry. Just couldn’t resist that one.