In my book Never Allow A Crisis To Go To Waste, I detail how Barack Obama’s “clean energy economy” socialism planned to tax the oil and gas industry out of existence and redistribute that wealth to support government directed alternative energy industries and electric cars. Because almost no one was willing to buy a $40,000 underperforming battery car, Obama decreed that the government would buy the cars for their own fleets.
Today, we learn the self dealing socialism gets even worse.
The Obama administration gave Arizona solar panel manufacturer, First Solar, $32.3 million in loans and grants to build a plant in Ohio to help Democrat governor Ted Strickland get reelected. Then, Team Obama gave First Solar another $455.7 million in loan guarantees to sell its solar panels to a solar far it owned in Canada to goose the government export figures. In short, the administration put the taxpayers on the hook for nearly half a billion dollars to finance First Solar’s export of solar panels to itself.
This gives an entirely new meaning to the term incestuous relationship.