“Subsidymagination:” GE’s regulatory robbery Opinion Articles - Timothy Carney | Editorials on Top News Stories | Washington Examiner

Imagine a salesman comes to your door peddling composting barrels. You tell him that while composting would offer some benefits—good for the environment, free topsoil—you don’t think it’s worth the cost.

He replies, “Oh, sir, but I’m afraid you don’t really have a choice. You see, the county government just passed a law requiring everyone to use a composting barrel. I should know—I’m also a lobbyist, and I helped write the law.”
You’d call that a racket. On a far larger scale—peddling “greenhouse gas credits” and windmills instead of composting barrels—General Electric calls it “Ecomagination.” Author Steve Milloy has come up with another apt name for much of GE’s business “Subsidymagination.”