SenJimDeMint

Easy Being Green: Iberdrola Part of Sen. Jim DeMint's "Easy Being Green" video series looking at stimulus spending on President Obama's favored green energy projects. TRANSCRIPT: President has recently called on Congress to pass yet another stimulus bill. Even though the last stimulus added a trillion dollars to our debt and did nothing to slow increasing unemployment, the President's hoping you've forgotten the lessons of the last stimulus and will buy in to another round of economic snake-oil. Let's take a few minutes to look at one of the projects that the last trillion dollar stimulus bought us. In 2010 as part of the failed stimulus, the administration created the Treasury Department's 1603 Renewable Energy Grant Program. This $7 billion program provided $170 million in federal tax dollars to a Spanish company to build a wind farm in Illinois. (www.whitehouse.gov Iberdrola -- the Spanish company building the wind farm -- is investing heavily in the United States, not because renewable energy is economically competitive here, but because the subsidy gravy train still runs freely. They said as much in news reports: www.sustainablebusiness.com And it's not as if Iberdrola can't afford to spend the money itself, in fact, it's one of the largest energy companies in the world. Behind their pretty windmills there are serious consequences. We know exactly what happens -- excessive government spending, and mountains of debt, and temporary jobs that evaporate. We know this not because of some speculative ... From: SenJimDeMint Views: 4513 30 ratings Time: 02:37 More in News & Politics