Monday, June 11, 2012
Karl Rove's in favor of wind farm subsidies? Wait what?
Wind farms are among the stupidest, costly, and wasteful forms of "green" energy. But for huge government subsidies, not a single windmill would be productive. As it is with taxpayer subsidies, unreliable wind still makes up less than 3% of the nation's energy production. That said, why would Karl Rove be in favor of subsidies?
This is Karl himself from Hotair -- “We’ve got a growing economy that’s increasing energy consumption and wind energy should be part of the solution,” Rove said today on a panel at a wind conference in Atlanta. Extending the so-called production tax credit “should be a priority.”
A bill to extend through 2016 the 2.2-cent-a-kilowatt-hour credit for electricity produced by wind turbines, biomass, geothermal and landfill-gas plants has stalled in congress along with about 100 other expiring tax-related incentives.
Apparently Goldman-Sachs has positioned itself to make a king's ransom if the subsidies are renewed. This is such a weird position for a conservative like Rove to take that I can't help but wonder if he has some skin in the game with Goldman-Sachs.
I don't believe in taxpayer subsidies for any industry. If you can make it in the free market, great. If not, find something else to do for a living.