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(RedState)   $3.4 billion annually in tax preferences to "Big Oil": A horrible drain on the federal treasury that should be investigated. $24 billion IN ONE YEAR to "Green Industries": Nothing to see here, Mr. Taxpayer   (redstate.com) divider line 186
    More: Obvious, force of law, storm drain, energy technologies, treasurys, forms of energy, John Thune, Charlotte Observer, Sierra Club  
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820 clicks; posted to Politics » on 08 Mar 2012 at 4:35 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-03-08 12:02:23 PM
what a crime it is to invest American money in trying to get America off of foreign oil. oh the outrage (in Ben Stein's voice)
 
2012-03-08 12:05:03 PM
How dare we give money to clean energy startups that have little to no cash and/or chance of surviving in an oil-filled economy! Better give all that money to the oil companies instead, so they don't have to use their 60 BILLION DOLLARS worth of saved up cash, instead!
 
2012-03-08 12:08:05 PM
There's a difference between loans and direct subsidization.
 
2012-03-08 12:18:51 PM
You can bet your ass China is plowing money into alternatives to oil. Perhaps you'd like to let them take over the market, America can start making little plastic toys.
 
2012-03-08 12:28:01 PM
crow202.org

There's a difference between loans and direct subsidization.
 
2012-03-08 12:45:13 PM
Government money going to stop Whooping Cough: $30,000 a year
Government money going to stop Cancer:$857 BILLION a year!
 
2012-03-08 01:28:48 PM
Take that $3.4B annually and add it to the $24B for green tech. Then triple it and make it an annual investment.
 
2012-03-08 04:08:37 PM
Big difference between subsidizing hugely profitable and well established companies, and subsidizing struggling startups working on creating new technology that will be required in the not so distant future if we want America to remain competitive in the global economy.
 
2012-03-08 04:20:37 PM
Does this include ethanol subsidies? The idea of burning your food for fuel never sat well with me.

I firmly believe in education and research and development. Subs wouldn't be posting on the internet if people in Government 50 years ago didn't believe in this as well.
 
2012-03-08 04:29:33 PM
Seriously, conservatives. I know that there's got to be at least a few of you with functioning brains.
 
2012-03-08 04:37:02 PM
BIG NUMBERS
 
2012-03-08 04:37:30 PM
Lando Lincoln: Seriously, conservatives. I know that there's got to be at least a few of you with functioning brains.

Is joke?
 
2012-03-08 04:37:37 PM
HotWingConspiracy: BIG NUMBERS

LOUD NOISES
 
2012-03-08 04:38:05 PM
Subby, I'm not sure you realize it but, annually = ONE YEAR
 
2012-03-08 04:39:23 PM
Oil companies are the most profitable businesses in the history of humanity

Green industries have problems with slow adoption and economies of scale, but have great growth potential if they can get a foothold in the market.

One of these deserves subsidies, the other doesn't
 
2012-03-08 04:39:38 PM
ok, now I ask myself does it bother me that the oil companies get 3.4 billion, yes. Does it bother me that green energy gets 24 billion, nope.
 
2012-03-08 04:39:40 PM
I'm of two minds for it. I don't agree in ANY corporate welfare at all like most Libertarians. However, I agree with Bush in that it's in our national interest in regards to security militarily and economically to be weened off foreign oil.
 
2012-03-08 04:40:13 PM
Not to worry. Oil will last forever!
 
2012-03-08 04:40:37 PM
Reads headline

No, Subby must be trolling, article can't be that disingenuously misleading and stupid.

*reads article*

a1.twimg.com
 
2012-03-08 04:40:45 PM
I'd add this to the incredibly long list of things conservatives don't understand, but it was already on there. Thanks for reminding me though, Subby.
 
2012-03-08 04:41:22 PM
We should always just compare raw numbers without looking at any sort of underlying context.
 
2012-03-08 04:42:49 PM
Good. We need more money funneled into progress and advancement and less into diminishing returns and depleted resources.
 
2012-03-08 04:44:28 PM
Why invest in the future (renewable, affordable, independent energy) when you can invest in the past (rotting dinosaurs)?
 
2012-03-08 04:45:14 PM
Subby, the oil companies are still going to fark you, they just aren't going to use lube.
 
2012-03-08 04:45:14 PM
deadcrickets: I'm of two minds for it. I don't agree in ANY corporate welfare at all like most Libertarians. However, I agree with Bush Carter in that it's in our national interest in regards to security militarily and economically to be weened off foreign oil.

Yeah, we've been pretty slow on this one.
 
2012-03-08 04:45:40 PM
What kind of a pissant little twatwaffle would spin investment in green energy as a bad thing?

Oh. Redstate. Typical wingnuts. Their editors must have got the new bariatric keyboards so their morbidly obese hamfingers can hit individual keys again.

And subby is a 'tard.
 
2012-03-08 04:46:05 PM
Aarontology: There's a difference between loans and direct subsidization.

Not in freeperville.

Math is hard, thats why you pay BOA a banking fee.
 
2012-03-08 04:46:37 PM
www.greentechmedia.com
 
2012-03-08 04:46:39 PM
So this is it then?
They've got nothing left, and the campaign hasn't even started yet?
Is there some constitutional way to just skip the next 9 months of derp?
 
2012-03-08 04:47:18 PM
www.awea.org

Remember kids that small green line is "run away favoritism". Funny also the 35 billion in guaranteed loans the Obama admin put out for the nuclear industry is completely ignored.
 
2012-03-08 04:48:11 PM
Serious Black: [www.greentechmedia.com image 640x284]

You were faster but I think a pie chart is better. :)
 
2012-03-08 04:48:25 PM
One pollutes and funnels American dollars to countries who don't like us.

The other doesn't pollute and promotes home-grown entrepreneurship.
 
2012-03-08 04:49:19 PM
tinyarena: So this is it then?
They've got nothing left, and the campaign hasn't even started yet?
Is there some constitutional way to just skip the next 9 months of derp?


Didn't notice this when they swung towards social issues? This one was next on their list of sh*t to fling at the wall to see what sticks.
 
2012-03-08 04:50:09 PM
Aarontology: There's a difference between loans and direct subsidization.

No there isn't. Also, the president is a black man, did you know? Read more on breitbart.com
 
2012-03-08 04:50:24 PM
Jesus fark. Even I know what "investing" and "future" mean, and I'm a goddamn idiot.
 
2012-03-08 04:50:30 PM
It's almost as if new and emerging technologies require a substantial investment of research funds.
 
2012-03-08 04:50:49 PM
Which fuel should we invest in as a country?

Ones that become more and more expensive every year? (nuclear and fossil fuels)

Or ones that become CHEAPER every year? (renewable?)

Already solar is becoming cheaper than many fossil fuels. And that's not even counting the costs of the fossil fuel CO2 creation and other polution which is being passed on to the tax payers that we will have to deal with in the future.
 
2012-03-08 04:51:42 PM
lexslamman: One pollutes and funnels American dollars to countries who don't like us.

The other doesn't pollute and promotes home-grown entrepreneurship.


And one become cheaper every year to produce energy and the other becomes harder to get and more expensive.
 
2012-03-08 04:51:47 PM
deadcrickets: I'm of two minds for it. I don't agree in ANY corporate welfare at all like most Libertarians. However, I agree with Bush in that it's in our national interest in regards to security militarily and economically to be weened off foreign oil.


i234.photobucket.com


At the end of the day, the capitalist in me wants to see the U.S. corner the "Green Market". So I lean towards throwing cash at companies who are trying to find alternative energies.
 
2012-03-08 04:52:08 PM
2.bp.blogspot.com
This thread sponsored by the Royal House of Saud. No females are allowed to read or to make comments without permission of their male master!
 
2012-03-08 04:52:44 PM

They would have you believe that oil companies are completely on the dole, while solar and wind companies are heavily taxed entities in desperate need of some "tax breaks" and loans in order to alleviate the burden of producing their auspicious form of energy.


No, they would have you believe that oil companies are well funded businesses that are utilizing proven technology to turn a handsome profit and are not in need of subsidies, while "green" technologies are still very much in development and that we need to help them along in order to move away from hydrocarbon-based fuel sources, whether for environmental, national security or financial reasons.
 
2012-03-08 04:53:41 PM
Yeah but thats different.....just because.
 
2012-03-08 04:55:14 PM
WTF Indeed: Government money going to stop Whooping Cough: $30,000 a year
Government money going to stop Cancer:$857 BILLION a year!


The cigarette settlement money went into the general fund....it is not being used to stop cancer or research cancer or anything like that....it was used to redecorate the offices of politicians and their staff.
 
2012-03-08 04:55:15 PM
When green energy companies start raising the price on energy while raking in record profits I might be outraged, until then Big Oil can go fark itself.
 
2012-03-08 04:55:48 PM
I'm sure some of the subsidies to "green" energy industries did not succeed ,and may have been ill-advised. But, duh, subsidies are meant for fledgling industries to help jump start them, not for oil companies that are making record profits.
 
2012-03-08 04:56:02 PM
I must also admit that I find it hilarious that the Saudi Arabian oil minister wants to combat catastrophic climate change by shifting to renewable energy sources more than Republicans.
 
2012-03-08 04:56:05 PM
I came in here to say many things and found them all already said. Kudos, Farkers, for swiftly demolishing a trolltard headline.
 
2012-03-08 04:56:59 PM
Giltric: Yeah but thats different.....just because.

So, you don't know the difference between "loan guarantee" and "direct subsidy"?
 
2012-03-08 04:57:13 PM
Giltric: WTF Indeed: Government money going to stop Whooping Cough: $30,000 a year
Government money going to stop Cancer:$857 BILLION a year!

The cigarette settlement money went into the general fund....it is not being used to stop cancer or research cancer or anything like that....it was used to redecorate the offices of politicians and their staff.


That sounds like you're in favor of *jarring chord* EARMARKS!

BURN THE RINO!
 
2012-03-08 04:57:28 PM
Giltric: Yeah but thats different.....just because.

Somebody didn't read the thread.

/I paid $1.50 for a pack of gum, and $78000 for a house. Clearly, the house is a rip off.
 
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