Gary Palmer: The Green Economy: Costly and economically damaging

  The federal government’s considerable efforts to create a “green” economy are losing big money. To make it worse, data from other nations that have tried to create a green economy indicates that more job losses are coming. The news of bankruptcy filings by U.S. green energy companies that received hundreds of millions of dollars in taxpayer-funded loans just adds to the frustration with the Obama Administration over the poor economy and high unemployment.

  Solyndra, one of President Obama’s model green companies and the largest recipient of taxpayer-provided largesse at $535 million, was supposed to manufacture solar panels.  However, the collapse of solar energy markets in Germany and Spain, along with the fact that China produces solar panels at much lower costs, doomed the company. That’s right … over half a billion of taxpayer dollars went right into the green money pit.