John Hinderaker:
In other words, we are happy to invest trillions of dollars, but you have to take the risk out of the deal by guaranteeing our return. That is, of course, what is already happening with investor owned utilities. But as costs continue to skyrocket, more resources are needed to flow into the inexhaustible maw of the “green” boondoggle. Supply and demand won’t do the trick. Consumers won’t support the effort. So the only solution is using taxpayer money to guarantee private sector returns.
Thus the “green” train chugs onward. An utter failure in the marketplace, but still a darling of the political world, where politicians don’t spend their money. They spend yours.
# posted by Ranger @ 3:33 PM
