Apparently, the
junior Senator from Montana believes the United States has not wasted enough money
on failed, uneconomic energy programs. He is jumping on the bandwagon. Jon Tester
wants to Solyndracize Montana energy.
Senator Jon
Tester receives
the Geothermal Heat Pump Industry Champion
award from GEO, an
industry lobbying
and trade organization whose
corporate members will benefit
from S 362.
|
Earlier this week, Montana
Senator Jon Tester introduced a bill, S 362, that he claims will “create jobs and
increase America’s energy security by better utilizing Montana’s geothermal
energy resources.” In reality, Tester’s
legislation greases the palms of corporate cronies. Senator Tester’s bill hands over federal funds to firms that curry favor with Tester's designee, Energy Secretary, Steven
Chu (or Chu's successor).
Doubling down on the failed model that has
sent billions of taxpayer dollars down the drain to subsidize the likes of Solyndra,
Tester’s legislation authorizes the Secretary to administer a “direct loan program for high risk
geothermal exploration wells.”
Tester is going big. The
legislation funds “the use of geothermal energy in large scale thermal
applications.” The bill authorizes the Secretary to develop a
”cost share percentage for loans made under this section on a sliding scale, with higher
Federal shares awarded to projects with higher risks.” The bill authorizes Secretary Chu to grant “loan
modifications or forgiveness” to his (or should I say Jon’s) corporate
pals. Big cost applications, plus big cost shares, plus
big cost risks, plus cost forgiveness equals huge defaults. Way to go Jon! You are hitting on all cylinders. When my children understand what you are
doing for them, no doubt they will thank you for pushing yet more debt onto
their generation.
Meanwhile, we are still wondering,
Senator Tester, where in the four corners of our founding fathers' document did you find that constitutional right to mail delivery? And we demand our truck rights. Ford F-Series pickup trucks are good for
Montana!
Maximus Baucus has created a whole 87 green energy in all of Montana.
ReplyDelete