The environment is very important to us at Against Crony Capitalism. We believe in a cleaner planet, we are fans of trees, we like vast expanses of rain forest, we like environmentally friendly materials and energy. But in order for something to be considered truly sustainable it must be sustainable economically. Does the market want a material or form of energy at a cost which makes sense? If the answer is no, if a project is not economically sustainable, it should not be done. Pouring mounds of taxpayer dollars (which are taken from the productive part of the economy) into untested technologies and markets created by government fiat is just poor stewardship. It’s a bad use of money.
For anyone who is not familiar with the work Tim Carney is doing at the Washington Examiner they should be. Yesterday he reported on how it is that tax credits for certain companies found their way into the fiscal cliff bill.
This is one of the main reasons why we must never let anything like SOPA happen. Sites such as this one must be left alone to thrive and get the word out about what is really going on. The dinosaurs below are not in the business of reporting what is really going on.
Jeffery Immelt, CEO of General Electric and in the running for King of Crony Capitalism (with Warren Buffet), now says that Obama is doing a poor job. He is afraid that big business is being vilified by the administration
I guess now that the green energy subsidies are drying up so is his support for the president.