IRS Hands Out $14 Billion For Green Energy, But Doesn’t Keep Track Of It
UNREAL … YOUR HARD EARNED TAX DOLLARS HANDED OVER TO SO-CALLED GREEN ENERGY AND NO ACCOUNTABILITY.
The Daily Caller is reporting that the IRS has handed out billions of dollars to support Barack Obama’s green energy projects. You know, those one’s like those unsuccessful and bankrupt companies like Solyndra. And it gets worse, if possible. The IRS is not tracking the money to see how it was being spent. ARE YOU KIDDING, WHEN WILL THIS ALL STOP!!! The IRS, the organization who makes people’s lives miserable for not properly tracking their income, does not have to do the same with tax payer dollars? Talk about the ultimate in hypocrisy. Honestly, the IRS really does need to be abolished and converted into an entity that just counts the tax revenue sent in by Americans from a flat or fair tax and no longer allowed to harass or divvy out monies at the bequest of a president.
A new government watchdog report found that the Internal Revenue service has handed out billions of dollars to support green energy projects, and then failed to mention how the money was spent on building new power generation.
The Government Accountability Office (GAO) reports that IRS tax subsidies to green energy operators “accounted for an estimated $13.7 billion in forgone revenue to the federal government for renewable projects and $1.4 billion for traditional projects” between 2004 and 2013.
That’s a lot of money, but the IRS can’t (or won’t) tell government auditors how much green energy generating capacity their tax subsidies are supporting. The GAO says the IRS “is not required to collect project level data from all taxpayers” who claim an Investment Tax Credit (ITC) or Production Tax Credit (PTC).
“IRS officials stated that IRS is unlikely to collect additional data on these tax credits unless it is directed to do so,” the GAO reported. “Since 1994, GAO has encouraged greater scrutiny of tax expenditures, including data collection. Without project-level data on the ITC and PTC, Congress cannot evaluate their effectiveness as it considers whether to reauthorize or extend them.”
Posted June 1, 2015 by Scared Monkeys
Abolish the IRS, Barack Obama, Crony Capitalism, Epic Fail, Green Energy, Green Jobs, IRS, Misleader, Scandal, Solar/Wind | one comment
Ooops … Federal Govt Study Concludes Biofuels From Corn Waste Not Better Than Gas
It’s settled science … bio-fuels made from corn worse than gas in emitting greenhouse gases …
What say you Barack Obama, Al Gore and the rest? According to a federal government paid for study, bio-fuels made from leftovers of harvested corn plants release 7% more greenhouse gases as compared to conventional, evil gasoline. Let me repeat that, this was a paid for federal government study. So not only are we creating a fuel that is more harmful, as they say, to the environment, they are taking the food source away from human and animal usage.
Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration’s conclusions that they are a much cleaner oil alternative and will help combat climate change.
A $500,000 study paid for by the federal government and released Sunday in the peer-reviewed journal Nature Climate Change concludes that biofuels made with corn residue release 7 percent more greenhouse gases in the early years compared with conventional gasoline.
While biofuels are better in the long run, the study says they won’t meet a standard set in a 2007 energy law to qualify as renewable fuel.
build subsidies it, it will fail …
Hate it when that happens, eh environmental wackos? Here comes the priceless part, the LEFT and Obama admin officials is criticizing the study as flawed. HAHAHA!!! What’s the matter, don’t like it when the results that you paid for don’t fit your liberal agenda? These are the people that demonize those that do not believe that man is responsible for global warming, oh sorry what do they call it these days, climate change.
The conclusions deal a blow to what are known as cellulosic biofuels, which have received more than a billion dollars in federal support but have struggled to meet volume targets mandated by law. About half of the initial market in cellulosics is expected to be derived from corn residue.
The biofuel industry and administration officials immediately criticized the research as flawed. They said it was too simplistic in its analysis of carbon loss from soil, which can vary over a single field, and vastly overestimated how much residue farmers actually would remove once the market gets underway.
It’s Final — Corn Ethanol Is Of No Use.
OK, can we please stop pretending biofuel made from corn is helping the planet and the environment? With huge subsidies for ethanol in gasoline, with all States now selling gasoline having some ethanol blend, and a general misconception that these biofuels are green, corn ethanol has taken on a $30 billion/yr life of its own.
The United Nations Intergovernmental Panel on Climate Change released two of its Working Group reports at the end of last month (WGI and WGIII), and their short discussion of biofuels has ignited a fierce debate as to whether they’re of any environmental benefit at all.
Posted April 21, 2014 by Scared Monkeys
Barack Obama, Energy, Environment, envirowackos, Epic Fail, Gas Prices, Government, Green Energy, Green Jobs, Liberals, Misleader, Obamanation, Oil, Politics, Progressives, Radicals | 2 comments
Gallup Poll: Barack Obama’s Greatest Failure … OBAMACARE, His Greatest Achievement … NOTHING!!!
President Barack Obama’s presidency in a nutshell … his greatest failure is his signature piece of legislation, Obamacare.
According to a recent Gallup poll, Barack Obama greatest failure of his presidency to date by an overwhelming number of 36% has been Obamacare, followed by not getting along with Congress and working with Republicans (9%), lack of communication (5%), lack of leadership (4%) and so on. When it comes to Obama’s failures, there is so many to chose from. You could have answered the questions of Obama’s failures, the jobless job recovery, the economy, real unemployment, record number of Americans on food stamps, record $17 trillion debt, wasteful spending, investments in green energy, the scandals (IRS-gate, Fast & Furious, Benghazi-gate, AP-gate, Fox/Rosen-gate, NSA spy-gate), Middle East Arab Spring, Libya, Egypt, etc.
On the other hand, Republicans (50%) and Democrats (25%) alike are most likely to mention Obamacare as the president’s biggest failure, although Republicans are twice as likely to do so. This suggests that even Democrats recognize the negative issues associated with the new healthcare law and its implementation. Republicans also cite Obama’s lack of communication and lack of leadership as a failure, while Democrats mention his inability to get along with Congress and Republicans, his lack of communication, lack of immigration reform, lack of leadership, and his inability to bring all troops home.
Hey America, did I tell you that you can keep your healthcare if you like it?
I am not quite sure what some of these media outlets like CNN and … are reporting that Obamacare in Barack Obama’s greatest achievement and failure. Take a look at the poll below, “Nothing/None” at 23% is #1 as Obama’s greatest achievement to date, the ACA/Obamacare is second. Honestly, one would have to be hard pressed to name anything that this president has accomplished that would be considered an achievement and benfit for the United States of America.
Obama Administration: It’s Ok for “Green Energy” Wind Turbines to Kill or Injure Bald or Golden Eagles without Penalty Because We’re Trying to Save the Environment
THE HYPOCRISY AND DOUBLE STANDARD OF THE LIBERAL ENVIRONMENTALISTS … DEATH PANELS FOR EAGLES.
Obama says OK to KILL Eagles for “Green Energy” … What say you Audubon Society, PETA, Sierra Club, Greenpeace, NRDC, Earth First, and “Spotted Owl” Gore?
So not only does Obama pick winners and losers with regard to energy companies, he also picks who can kill and who can’t. The shameful new rule enacted by Obama’s Interior Department makes it possible for green energy companies to slaughter Bald and Golden eagles without penalty for 30 years. UNREAL. Big Oil harms some water fowl and these people lose their minds and talk about the evils of oil. However, Big Green Wind kills eagles and other birds and that is perfectly acceptable. What a fraud these liberal groups are that claim to protect the Earth and the Eco-system. As long as so-called “green” energy kills the symbol of the United States, that bis perfectly ok, but of coal, oil, gas injures a worm … then that is a national tragedy. This president will do anything to pander to his liberal base and make it all political. I would ask Mr. President, how is this fair to the Eagles?
The Obama administration said Friday it will allow some companies to kill or injure bald and golden eagles for up to 30 years without penalty, an effort to spur development and investment in green energy.
The change, requested by the wind energy industry, will provide legal protection for the lifespan of wind farms and other projects for which companies obtain a permit and make efforts to avoid killing the birds.
An investigation by The Associated Press earlier this year documented the illegal killing of eagles around wind farms, the Obama administration’s reluctance to prosecute such cases and its willingness to help keep the scope of the eagle deaths secret. The White House has championed wind power, a pollution-free energy intended to ease global warming, as a cornerstone of President Barack Obama’s energy plan.
According to the Washington Times, wind energy facilities have killed at least 67 golden and bald eagles in the last five years, but the figure could be much higher, according to a new scientific study by government biologists. Hmm, so why doesn’t Obama and his liberal environmentalists put the same type of restrictions of “killer” wind turbines that they do to the coal, gas and oil industry? How come wind farm companies do not have to build protective cages around the turbines like a common fan has to protect birds from flying into the blades? This administration certainly has no issue with costly expenses when it comes to regulating other forms of energy.
Just curious, why aren’t wind farm companies regulated to put protective covers over their blades like a common fan?
More from Breitbart.com, It’s okay to kill Eagles because Obama said so.
Wildlife conservationists are livid at the Obama administration’s approval of a new rule that extends wind farms leases up to 30 years. On Friday, wildlife protection groups decried the new regulation as a “stunningly bad move” that gives wind power companies the ability to kill eagles and other birds for the next 30 years.
The Wildlife Society Bulletin approximates that 573,000 birds and 888,000 bats are killed by flying into wind turbines every year. National Audubon Society President David Yarnold expressed his anger over the Obama administration’s new rule: “It’s outrageous that the government is sanctioning the killing of America’s symbol, the bald eagle.”
UPDATE I: The only one who has stepped to the plate is the Audubon Society. Interior Dept. Rule Greenlights Eagle Slaughter at Wind Farms, Says Audubon CEO … New Rule Will Authorize 30-Year Permits for Killing America’s National Bird.
Instead of balancing the need for conservation and renewable energy, Interior wrote the wind industry a blank check. It’s outrageous that the government is sanctioning the killing of America’s symbol, the Bald Eagle. Audubon will continue to look for reasonable, thoughtful partners to wean America off fossil fuels because that should be everyone’s highest priority. We have no choice but to challenge this decision, and all options are on the table.” (Statement from Audubon President and CEO David Yarnold)
UPDATE II: From Right Wing News … All this carnage just to provide a pittance, a miniscule amount of energy. But because it is deemed “green” it is okay to make Eagles blood red.
All to provide miniscule power while putting a blight on the landscape. Average delivered power is roughly 30-40% with very low power density (megawatts per square mile), since you need huge tracks of land/sea for the farm. Compare that to natural gas, which has an average delivered power in the upper 80?s, with an extremely high power density.
From page 193 of The Mad, Mad, Mad World Of Climatism via Right Wing News
Obama’s Failed Green Energy Policies: American Taxpayers Lose $139 Million on Fisker Automotive Loan
The Obama administration fumbles the ball again in picking Fisker Automotive and giving them our hard earned money …
What else could we expect from Barack Obama, but yet another failed policy costing the American tax payers millions in wasted money. This time it is Obama’s failed so-called green energy policies like Fisker Automotive and a $139 million loss. Great, now we are selling off $192 million defaulted loans to the Chinese for $25 million. Thanks Barack Obama.
Happy Thanksgiving from the Obama administration. The Energy Department has sold off its $192 million loan guarantee to Fisker Automotive to Chinese billionaire Richard Li for $25 million — the biggest taxpayer loss on a green loan since the failure of Solyndra.
The Energy Department will announce the “selling of the promissory note” to Hybrid Tech, which is owned by Chinese billionaire Richard Li, according to sources familiar with the sale. The DOE sold the loan to Li for $25 million after lending the financially troubled green automaker a total of $192 million since 2009.
“Once again, American taxpayers are losing out to foreign investors due to the Obama administration’s failed green energy policies. Time after time this administration has fumbled the ball with their attempts to pick winners and losers when it comes to American energy,” House Energy and Commerce Committee vice chairman Marsha Blackburn, a Tennessee Republican, said in a statement to The Daily Caller News Foundation.
“As a result of President Obama’s misguided policies, the Department of Energy Loan Guarantee program is quickly becoming a highly utilized stimulus program for foreign investors,” she added.
Including the $25 million loan sale, the DOE has recovered only $53 million of the original $192 million disbursed — netting taxpayers a $139 million loss.
Fisker was awarded a $529 million loan guarantee by the Obama administration in 2009 to produce a luxury hybrid car, the Karma, which sold for a $103,000 per unit. However, failure to meet Energy Department benchmarks to receive funding resulted in the company losing its loan guarantee in 2011
Posted November 23, 2013 by Scared Monkeys
Bankruptcy, Barack Obama, Campaigner in Chief, Chicago-Style Politics, China, Community Agitator, cronyism, Democrats, Energy, Epic Fail, Government, Green Energy, Green Jobs, Misleader, Obamanation, Obamanomics, Outsourcing Jobs, Socialist in Chief, Wasteful Spending, WTF | 2 comments