Downsizing Blog
Clean Coal Subsidies
Feds and the States Tag-Teaming on Corporate Welfare
Federal, Indiana Governments Dole out Corporate Welfare Together
Public Projects Carelessly Managed
Privatize the TVA
The 'No More Solyndras Act' Charade
Last week, the House passed the “No More Solyndras Act” on a mostly party-line vote. However, instead of terminating the Department of Energy loan guarantee program that subsidized Solyndra and other boondoggles, the bill allows applicants who filed before the first of this year to still receive handouts.
Washington Post Zings "Green" Auto Subsidies
Even the Washington Post’s editorial board can see that the Obama administration’s “green” automobile subsidies have been a failure:
'The President's Utility'
According to a recent article in the New York Times, that’s what a lobbyist for Exelon Corp. “proudly” called the Illinois-based energy company. It appears to be an appropriate label.
No More Solyndras? Not Quite
Last week, the House Energy and Commerce Committee passed the “No More Solyndras Act.” As Taxpayers for Common Sense notes, however, the bill should probably be called the “More Solyndras Act” because it would still allow the Department of Energy to approve loan guarantee applications that were submitted by Dec. 31, 2011.
Another Subsidized Solar Company Goes Dark
Solyndra received some company late last week when Abound Solar filed for bankruptcy and announced that it was shutting down operations. Abound, which received $70 million from taxpayers, is the third company backed by a Department of Energy loan program to go belly up.