Cash for renewable clunkers

August 31, 2009

The Wall Street Journal reports how Wall Street wind investors get a 30% cash rebate on the building of renewable energy facilities in addition to accelerated depreciation deductions — with no government spending cap on the program.

A spokesman for Rep. Darrell Issa (R-CA) said:

“We are concerned that this may evolve into a cash-for-clunkers version 2.0.”

One Response to “Cash for renewable clunkers”

  1. dublds Says:

    What can be wrong with the government funneling profits for lower capacity/higher cost energy infrastructure to handpicked corporations before they provide the first watt?

    Its just the greens version of “the rich get richer”. They get profits first, we pick up the costs second. They make money today, we pay higher costs forever.

    Oh what? You actually believed the green movement was about helping the environment? Hahahahaha!

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: