In response to:

Romney Smacks Wind Energy Money Grab

Tom24 Wrote: Aug 24, 2012 12:16 PM
... where he wrote about what is seen and not seen in economic transactions. What is seen here is the few and mostly temporary jobs you mention in building wind farms and in running wind companies and of course that includes lobbyist and p.r folks like you. It also includes the $100 million payments to wind farm crony entreprenurs like Tom Carnahan (see my previous post). What is not seen is all the wealth that will be lost by society in general and jobs created from the things that could have been purchased with the tax money and lost wealth resulting from the perpetual higher energy cost paid by all citizens that wind power ultimately represents. I can assure you that the latter greatly exceed the former.

For twenty years American taxpayers have been supporting the wind energy industry through the Production Tax Credit (PTC) and twenty before that in various forms of favoritism.

Each time it is scheduled to expire, the lobbyists from the American Wind Energy Association (AWEA) fight for its extension, claiming the infant industry is almost ready to stand on its own and just needs a little more help. The PTC appeals to an emotional and ideological viewpoint as the idea of “free” energy seems attractive—but it can’t stand up when viewed through the filter of facts and science.

Now that...

Related Tags: Energy Money Wind