How much do solar, wind, and electric vehicle companies get in federal handouts and tax loopholes in President Joe Biden’s Build Back Better bill? Well over $100 billion in taxpayer largesse. If all the tax credits are included, that number could reach half a trillion dollars. No other industry in American history has ever received this lucrative a paycheck.
Article by Stephen Moore from our premium news partners at The Epoch Times.
The folks at the Institute for Energy Research calculated that this is on top of the more than $150 billion in subsidies these industries received from Uncle Sam in the last 30 years.
The umbilical cord to taxpayer wallets never gets cut. Yet, laughably, the left says all these subsidies to “green energy” are necessary for an “infant industry.” Really? Does Big Wind or Big Solar ever grow up? Incidentally, our ancestors were using windmills and solar panels during the Middle Ages.
So why do these renewable energies get so much money from Congress, and why do Democrats want to give them the biggest payday in the history of the Washington favor factory? Not because renewable has great promise. Thirty years after the handouts started, wind and solar accounted for less than 8 percent of our total energy production. It’s inconsequential.
If we taxpayers are “investors” in green energy, we’d be wondering where our return is at this point. Wind and solar costs are going down, but not nearly as fast as the cost reductions in natural gas, thanks to the shale revolution.
But now the left is trying to save its latest round of gargantuan welfare checks by arguing that the higher costs of oil and gas at the pump show that these energy sources prove that we can’t rely on fossil fuels.
It is reminiscent of the story of the boy who kills his parents and throws himself at the mercy of the court for being an orphan. Oil and gas prices are rising because Biden and the left have declared war on American fossil fuels. They aren’t allowing drilling. They instead are passing new “methane” taxes and not building pipelines.
Now liberals shake their fingers at the producers and accuse them of gouging consumers as they assault the added American oil and gas supply that would lower the prices to fill up your tank and heat your home. They are now starting a multimillion-dollar ad campaign in Washington, paid for by taxpayers, telling us that the high gas prices the Biden administration wants mean we have to stop using gas.
The irony of all of this is that the reliance on green energy subsidies is one good reason for so little technological progress in renewable energy. We’d perhaps see more innovation if the industry had to fight on a level playing field.
Democrats in Congress keep doling out the dollars because the green energy industry gives 90 percent of its contributions to Democrats. It is nothing more than a pay-to-play gambit.
If wind and solar are the low-cost energy sources of the future, why do they need so much government aid? Will they ever take the training wheels off?
After three decades, maybe it is time to admit the obvious: Wind and solar are niche energy sources that will not anytime soon, and probably never, provide anywhere near the energy we need for our $22 trillion industrial economy.
Will 2022 Be the End of America-First News Outlets?
Things are looking grim for conservative and population news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from sites like ours. But that narrative isn’t entirely true. It’s not the advertisers themselves who are complaining for the most part. It’s the ad networks who are “woke” and authoritarian that are actually taking down the ads.
Certain topics are anathema for the ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
We need help. I don’t want to say “desperately,” but the need is definitely great. If you have the means, please donate through our GivingFuel page or via PayPal. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
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JD Rucker – EIC