Monday, March 19, 2012

Firm sells solar panels - to itself, taxpayers pay | Campaign 2012 | Washington Examiner

A heavily subsidized solar company received a U.S. taxpayer loan guarantee to sell solar panels to itself.

First Solar is the company. The subsidy came from the Export-Import Bank, which President Obama and Harry Reid are currently fighting to extend and expand. The underlying issue is how Obama's insistence on green-energy subsidies and export subsidies manifests itself as rank corporate welfare.

Barack Obama | Gas prices | Re-election campaign | The Daily Caller

President Barack Obama is about to launch a 5,000-mile, four-state, two-day trip on Air Force One to contain the political damage caused by high gas prices.

Obama is slated to fly out this Wednesday to camera-ready podiums in Nevada, New Mexico, Oklahoma and Colorado, from where he’ll tout his administration’s efforts to reduce the nation’s use of gasoline.

His 5,000-mile trip will consume roughly 25,000 gallons of jet fuel, according to Boeing.

That adds up to a fuel bill of $80,000, assuming the Air Force buys jet fuel at the cheapest cost, now estimated at $3.20 a gallon by the U.S. Energy Administration. The retail price for jet-fuel at local airports is just over $6 a gallon, including taxes.

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