Green energy is AWESOME! So awesome in fact, that it’s HORRIBLE! Here’s a cheery story about how all the “Greenies” have absolutely wasted BILLIONS with a “B” of America’s tax dollars.
What did we get for it? Nothing. Nada. Zilch. Zero.
Thanks Obama. Brilliant idea circumventing the natural process of innovation, followed by investment, and then a product goes to market, people are happy with the new product and buy it, then the investors make bank.
When the Government decides on its own whim on some new product and decrees it must happen…a recipe for disaster.
This time to the tune of Billions of dollars.
Here’s the skinny from The Daily Caller:
The Spanish green energy company Abengoa has filed for Chapter 15 bankruptcy protection in the U.S. after getting billions of dollars from the Obama administration to build solar power and biofuels plants.
Abengoa, which has gotten $2.7…