PrintJanuary 20, 2011
Liberals Who Hate Profits but Profit from 'Green Jobs'
The left has long trumpeted the "green economy" and "green energy" as the fuel and means for the next big economic boom. At the heart of the "green energy" agenda is the expansion of windmill farms, at taxpayer expense, all across the United States. Everyone from well-known billionaires such as T. Boone Pickens to newcomers such as Tom Carnahan of the famous Carnahan family in Missouri and founder of Wind Capital Group, a Missouri-based wind farm development company, have clamored for taxpayer dollars to heavily subsidize this unprofitable industry. Typically, the funding for the construction of large utility projects comes from a combination of equity (i.e., savings) and long-term debt, not taxpayer dollars. Normally, you need "savings" when you try to start any business, let alone the development of a utility project. Savings cover the period between when you start spending money until your revenues exceed...(Read Full Article)
