Posts Tagged ‘Department of Energy’


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Fed Battery Boost a Bust


Monday October 22nd, 2012   •   Posted by K. Lloyd Billingsley at 11:08am PDT   •   2 Comments

In 2009 the federal government gave a $249 million grant to A123 Systems, a green energy manufacturer touted by President Obama as an example of “what’s possible in a clean energy economy.” The company used the money to make batteries for electric cars in two Michigan factories. But since 2009 the company lost $857…
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$100 Billion of Corporate Welfare


Wednesday August 8th, 2012   •   Posted by Craig Eyermann at 9:37am PDT   •   14 Comments

How much welfare do corporations receive as a direct cash benefit from the U.S. government? According to a recently published Cato Institute policy analysis, it’s nearly 100 billion dollars. We mined the report to visualize which U.S. government agencies or spending categories are the biggest recipients of the largesse of U.S. politicians: The majority…
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Crony Capitalism and Phony Energy


Thursday February 16th, 2012   •   Posted by Emily Skarbek at 6:52am PST   •   0 Comments

A revolving door between green energy firms and the Department of Energy is a prime example of crony capitalism in full swing. As the Washington Post reports, rent-seeking businessmen like Sanjay Wagel are going where the money is. Following an enduring Washington tradition, Wagle shifted from the private sector, where his firm hoped to…
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GM’s Chevy Volt Costs Taxpayers $250,000 Per Vehicle


Wednesday December 21st, 2011   •   Posted by David Theroux at 6:37pm PST   •   23 Comments

In new analysis from the Mackinac Center, James Hohman discusses how $3 billion in federal and state funding for General Motors’ Chevy Volt, the much acclaimed “green,” plug-in, hybrid electric vehicle, is costing taxpayers $250,000 per car. As noted by Hohman, the Volt “might be the most government-supported car since the Trabant,” the car…
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Cost of U.S. Military Intervention in Libya: Forbes Says $2 Billion Per Day?


Tuesday March 29th, 2011   •   Posted by David Theroux at 8:43pm PDT   •   0 Comments

In the new article, “The Real Cost of U.S. in Libya? Two Billion Dollars Per Day,” Loren Thompson at Forbes now reports that the real cost of Obama’s war in Libya is $2 billion per day! The one thing most experts seem to agree on about the current coalition air campaign in Libya is…
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“The government can’t even get out of its own way.”


Tuesday September 28th, 2010   •   Posted by David Theroux at 7:22am PDT   •   1 Comment

In a new article in the Wall Street Journal, Louise Radnofsky traces the bureaucratic stranglehold of federal, state and local governments that has directly hindered the spending of the Obama administration’s “stimulus” funding from the federal government. Specifically, she examines the malaise resulting from the roadblocks to insulate homes in Detroit because of restrictions…
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