Filed under: Capitalism, Democrat Corruption, Economy, Law | Tags: Crony Capitalism, Just a Coincidence?, Political Payoff
The Environmental Protection Agency says that new greenhouse gas regulations, as proposed, may be “absurd” in application, and “impossible to administer” by its self-imposed 2016 deadline, according to The Daily Caller. The agency is asking taxpayers for around $21 billion so they can hire up to 230,000 new bureaucrats to attempt to implement the rules.
Although the Clean Air Act does not give the EPA authority to regulate greenhouse gas emissions, they plan to do it anyway. The agency’s plan is being challenged in court by petitioners who argue that such a decision should be left for Congress to make. However, Obama feels free to waive rules made by Congress, so nothing is for certain anymore.
If the EPA wins its court battle, the number of businesses forced to file for an EPA permit and complete extra paperwork in order to continue operating would grow to as many as 6.1 million from the 14,000 now required to file.
The EPA would be forced, forced, to hire another 230,000 employees to deal with all the permits. The $21 billion does not cover the economic impact of the regulations, which would be much bigger.
Obama is simply ignoring the Solyndra scandal which keeps growing, as he hits the campaign trail trying to fire up his base. The Chicago Way— rewarding donors with taxpayer money, is becoming a pattern. Solyndra favored a major Democratic donor, George Kaiser.
LightSquared’s wireless broadband project jeopardizes the nation’s GPS system, on which the military and aviation depend, as well as others. That support involves not only supporting a big donor, Philip Falcone, by approving the project, but there is the possible subborning of perjury by asking four-star General William Shelton , head of the U.S. Space Command to alter his testimony to Congress.
A member of Missouri’s most prominent political family, Tom Carnahan is the host of the St. Louis fundraising effort, but his energy development firm, Wind Capital Group, is the recipient of a $107 million federal tax credit to develop a wind power facility in his state. The BlueGrass Ridge Wind Farm consists of 27 turbines, 252 feet tall. Each of the blades is 140 feet long. But after all the hype and investment, all the subsidies, wind accounts for only 1% of our electricity, backed up 24–7 by natural gas or coal-fired power plants. But tomorrow, sometime, it will surely produce all the electricity we need to power our economy.
There is a worrying disregard of basic economics, and the national interest in the blind pursuit of leftist environmentalist ideology. The appearance of corruption may just be an appearance, but the administration is busily picking winners and losers, and the winners just happen, coincidentally, to be big Democratic donors.
So Obama continues his strategy of forcing the cost of energy up so the public will be forced to support his clean green economy. None of it will work. The DOE’s Energy Information Administration reported that in 2007, the average subsidy per megawatt hour for all energy sources was $1.65. The subsidy for wind and solar was about $24 per megawatt hour. But then Solyndra seemed to think it was fine to sell solar panels for $3 that cost $6 to make.
Administrator Lisa Jackson seems to think that in a time of recession it’s fine to ask for $21 billion to hire another 230.000 people to process permits. Does she think that she is creating jobs? The government has no money of its own, where does the money come from? And is the $21 billion funding for permanent salaries and benefits, or just for the next year?
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