Wednesday, June 29, 2011

Obama’s $7 Billion Renewable Energy Grants Targeted for Audits - Bloomberg
Government investigators are auditing some of President Barack Obama’s more than $7 billion in renewable energy grants to determine whether the money was awarded properly and the recipients were eligible.
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Because the grants are based on the cost of a project, “there is no built-in encouragement for the developer to keep costs as low as possible,” Lisa Linowes, executive director of the Industrial Wind Action Group, said in an interview.
Bankrupt 'Green Jobs Company' Received $535 Million in Stimulus Money, Was Coincidentally Headed by Huge Obama Contributor
In other words, your kids and grandkids will be paying back that half-a-billion dollars (with interest) -- which was borrowed from the Chinese -- to pay off a huge Obama contributor (coincidentally).
In The Know: Coal Lobby Warns Wind Farms May Blow Earth Off Orbit | The Onion - America's Finest News Source | Onion News Network
Panelists debate whether the U.S. is doing enough to heed the warnings of coal industry scientists who say turbines could blow the Earth right into the sun.

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