{"id":393074,"date":"2021-04-06T15:29:02","date_gmt":"2021-04-06T19:29:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=393074"},"modified":"2021-04-06T15:29:05","modified_gmt":"2021-04-06T19:29:05","slug":"biden-proves-he-learned-nothing-from-obamas-green-failure","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-proves-he-learned-nothing-from-obamas-green-failure\/","title":{"rendered":"Biden Proves He Learned Nothing From Obama\u2019s Green Failure"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-proves-he-learned-nothing-from-obamas-green-failure%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=393074&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-588.jpeg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>No one even a little bit political in the early years of the Obama administration could forget the massive failure that was the federal government\u2019s spending on green energy companies that later went bankrupt.<\/p>\n<p>It <em>should<\/em> have been a cautionary tale for future administrations not to give hundreds of millions of taxpayer dollars to companies with unproven technology simply because they were in a favored industry. But this is Washington, where failure only means that not <em>enough<\/em> money was wasted.<\/p>\n<p>Last week, as The Daily Wire reported, President Joe Biden revealed that he is following this model when he announced that he would be spending billions more on green energy companies, saying the lesson he learned from former President Obama wasn\u2019t to be better stewards of taxpayer money, but that the Obama administration didn\u2019t give companies like Solyndra and Abound Solar <em>enough<\/em> money to succeed.<\/p>\n<p>It\u2019s been 12 years since Obama\u2019s American Recovery and Reinvestment Act spent $787 billion dollars, losing hundreds of millions on green energy boondoggles. Biden himself oversaw the failures while he was Obama\u2019s vice president, personally announcing the money that would be given to future-failed companies.<\/p>\n<p>\u201cTwo solar power companies, Solyndra and Abound Solar, both went bankrupt in 2011 after receiving loan guarantees under Obama\u2019s stimulus worth $535 million and $400 million, respectively. The small automaker Fisker received a $529 million loan guarantee to manufacture hybrid and electric vehicles before going bankrupt in 2013,\u201d The Daily Wire reported. \u201cA123 Systems, which made batteries for Fisker, announced bankruptcy shortly after the car company and after receiving a $279 million loan guarantee.\u201d<\/p>\n<p>This wasn\u2019t enough for Biden, who now wants to try again with green energy \u2013 this time with even more money.<\/p>\n<p>\u201cNow, 12 years later, President Biden is preparing the details of a new, vastly larger, economic stimulus plan that again would use government spending to unite the goals of fighting climate change and restoring the economy,\u201d The New York Times <a href=\"https:\/\/www.nytimes.com\/2021\/03\/29\/climate\/biden-climate-stimulus.html\">reported<\/a>. \u201cWhile clean energy spending was just a fraction of the Obama stimulus, Mr. Biden wants to make it the centerpiece of his proposal for trillions of dollars, not billions, on government grants, loans, and tax incentives to spark renewable power, energy efficiency and electric car production.\u201d<\/p>\n<p>Biden and his allies intend to argue that more money is the answer to the failures of the past while also arguing there has been an increased demand for green energy in the past decade. The last part may be true, but it hasn\u2019t made green energy affordable without government subsidies.<\/p>\n<p>The idea of throwing more money at something is hardly new to the federal government. For decades, the federal government has given more and more money to America\u2019s schools without anything to show for it, with test scores remaining stagnant and no evidence to suggest the additional funds have done anything to improve graduation rates \u2013 which have increased. During the coronavirus pandemic, Congress passed trillions of dollars in relief, with billions going to public schools. Most of that money won\u2019t even be spent on COVID-related expenditures, nor will it be spent this year or next in order to get kids back into classrooms.<\/p>\n<p>It\u2019s simply Washington\u2019s way of claiming it has \u201cdone something\u201d \u2013 success of a program isn\u2019t determined by measurable outcomes and data, but by how much money has been wasted in the name of change.<\/p>\n<p><em>The views expressed in this piece are the author\u2019s own and do not necessarily represent those of The Daily Wire.<\/em><\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a&nbsp;<\/em><a href=\"https:\/\/www.dailywire.com\/subscribe\"><em>member<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No one even a little bit political in the early years of the Obama administration could forget the massive failure that was the federal government\u2019s spending on green energy companies &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2311749,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-588.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"Biden Proves He Learned Nothing From Obama\u2019s Green Failure","footnotes":""},"categories":[],"tags":[],"class_list":["post-393074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/04\/fb_image-588.jpeg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"Biden Proves He Learned Nothing From Obama\u2019s Green Failure","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/393074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=393074"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/393074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2311749"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=393074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=393074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=393074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}