The Obama administration’s track record with taxpayer-funded, green-tech subsidies is severely flawed, and according to new documents obtained by CBS News, its failures were all too predictable. The Energy Department's $535-million loan guarantee to Solyndra is, at least publicly, its most illustrious investment blunder, as the company went bankrupt last year leaving taxpayers with a hefty bill and putting more than 1,000 employees out of work.
With so many of our most essential liberties under attack from the oligarchy on the Potomac, it is little wonder that the freedom of the press and speech are next on the government guillotine.
In 2007, Congress passed and President George W. Bush signed the Energy Independence and Security Act (EISA). In keeping with Bush’s 2006 State of the Union pledge to make ethanol “not just from corn but from wood chips and stalks of switch grass … practical and competitive within six years,” the law included subsidies for ethanol production and mandates for its use. By 2011, oil companies were required to blend 250 million gallons of this cellulosic ethanol into their gasoline. The mandate doubled for 2012, and by 2022 it will be 16 billion gallons.
Google announced Tuesday a new social networking maneuver that will rummage through photos and commentary on its budding social network, Google+, so search results can provide more personal information for web browsing. The addition, which was employed the same day it was announced, will tailor search results by filtering content to the unique interests of each user browsing the Internet.
Interior Department Secretary Ken Salazar has imposed a 20-year ban on new uranium mining claims on one million acres of public land near the Grand Canyon. The ban would not affect 3,000 mining claims currently staked in the area, which is rich in high-grade uranium.