Obama: $12 billion new federal loan guarantees for renewables

Throwing good Taxpayer Dollars after Bad ones….when will Congress wake up and stop the madness?

Watts Up With That?

solyndra_fail

Guest essay by Eric Worrall

The Obama administration has just announced $12 billion in new Federal loan guarantees for renewables businesses.

According to a Whitehouse press release;

FACT SHEET: President Obama Announces New Actions to Bring Renewable Energy and Energy Efficiency to Households across the Country

President Obama is committed to taking responsible steps to address climate change, promote clean energy and energy efficiency, drive innovation, and ensure a cleaner, more stable environment for future generations. That is why at Senator Reid’s National Clean Energy Summit later today, he is announcing a robust set of executive actions and private sector commitments to accelerate America’s transition to cleaner sources of energy and ways to cut energy waste.

To continue to reinforce American leadership in deploying clean energy and cutting energy waste while creating jobs and reducing carbon pollution, the Administration is announcing the following actions:

Making $1 Billion in Additional…

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