It's Getting to be a Habit - Another Green Industry Failure - A Bad Habit

"Meanwhile, (former) Governor Granholm continues to parade around the country on a book tour touting green energy as the future and the federal Department of Energy continues to pour money down the drain."

Another Green Industry Failure - National Review Online

Posted on December 27, 2011 By Henry Payne

When the MSM isn’t outright ignoring Green scandals like Climategate, it is shrugging off the failure of Big Government’s green “investments” like Solyndra as isolated incidents.

“The failure of a single company — and anyone who knows anything about transformative technologies knows there will be failures — is no reason to stop our efforts to catch up,” huffs the New York Times’s editors.

“Those who oppose taxpayer-funded subsidies for alternative energy, either on ideological grounds or to protect their own stake in the carbon-based status quo, have pounced on (the Solyndra bankruptcy and Chevy Volt troubles) as proof that all such government initiatives are prone to failure,” writes theDetroit Free Press editorial page.

But the proof is everywhere.

Before Barack Obama hung out his White House Investment Bank shingle (“We invest, taxpayers bear all the risk”), former Michigan governor Jennifer Granholm had already thrown away millions in taxpayer money on green ventures from bankrupt Fisher Coachworks to Evergreen to RASCO. Obama & Co. have followed with investments in boondoggles like Beacon Power and A123 Systems — which is struggling in part because government has mistakenly invested in too many battery suppliers chasing too little demand.

Now the snowball of bad investments has claimed another victim: Saginaw’s GlobalWatt solar company.

-read on at link-