The following list of failed ventures/lost "bets" that this administration placed with our tax money includes companies and Obama's political cronies that received Federal government loans, Federal government loan guarantees, and Federal government outright (free) grants of taxpayer money:
- Solyndra - $535,000,000
- Ecotality - $141,400,000
- Beacon Power - $43,000,000
- Spectrawatt - $500,000
- Evergreen Solar - $5,300,000
- A123 - $250,000,000
- Fisker - $529,000,000
- Tesla - $465,000,000
- Chevy Volt - $1,500,000,000
- Total taxpayer wealth lost from just this partial list of alternative energy efforts - $3,469,200,000
Hundreds of billions of dollars spent, and wasted, through the years with nothing to show for it.
Gas prices that have doubled since January, 2009 with no long term energy strategy or plan in place that is either environmentally friendly and/or economically friendly.
No new energy technologies for the housing, automotive, or commercial sectors of the economy that have proven worthwhile as a result of Energy Department funding or Energy Department initiatives.
No new auto technologies that will miraculously get unheard of mileage from a new generation of cars as a result of Energy Department funding or Energy Department initiatives.
What a colossal waste of time, energy, money, and government resources, both historically and over the past couple of years, relative to the energy situation in this country.
However, what the entire Federal energy bureaucracy, the entire Federal political class, and hundreds of billions of dollars could not do, change the energy paradigm in this country, a high school senior in Grant City, Missouri may be doing for a few hundred dollars.
Consider the amazing story of high school senior Don Gibson, age 18, as described in the May 18, 2012 issue of The Week magazine and in other credible journalistic channels:
- Mr. Gibson purchased a 1995 Geo Metro auto and ripped out the engine.
- He went on Ebay and purchased a used fork lift for $200.
- He stripped out the fork lift's electric motor and installed it into the now motorless Geo Metro.
- The retrofitted car is street legal and deemed safe to operate on the street in the eyes of the Missouri state government's department of motor vehicles.
- He has been driving the car his entire senior year of high school without any problems.
- He can attain a top speed of about 62 miles per hour.
- He can recharge the electrical batteries in the fork lift engine in about six hours, which he does overnight every day.
- A complete charge costs about $.25 which means he gets the equivalent of about 200 miles per gallon, based on the current cost of a gallon of gas.
- His range is about 30 miles before he needs to recharge the batteries.
- The Chevrolet website estimates that its electric car, the Volt, has a range of 35 miles from its electric engine, only about 17% longer than Mr. Gibson's Geo Metro.
- However, recall that the Chevy Volt received over $1 billion form the Federal government to help attain that 35 mile range while Mr. Gibson received $0 to attain his 30 mile range.
- He feels he could get the range substantially higher with newer battery technology as opposed to the current fork lift battery technology he used.
- The 18 year old is quoted in the article as saying: "If you live in a small community and you just need to drive around town, this is the most ideal vehicle you could drive." This sounds an awfully like the initial Volt advertising I saw where it hyped the fact that if you drive around town, you would never need to use gas.
What a great advancement and what a great embarrassment to those who think we need the Federal government to oversee and overspend our tax wealth to cure the environmental and dependence problems inherent in our current energy paradigm.
But wait, the story gets even better. According to news reports, Mr. Gibson is working on the development of his own personal windmill-powered charger station so that he can charge his high mileage, low pollution converted Geo Metro with wind power. Unbelievable. A true tribute to American innovation and a true indictment of America's politicians.
We invite all readers of this blog to visit our new website, "The United States Of Purple," at:
http://www.unitedstatesofpurple.com/
The United States of Purple is a new grass roots approach to filling the office of President of The United States by focusing on the restoration of freedom in the United States, focusing on problem solving skills and results vs. personal political enrichment, and imposing term limits on all future Federal politicians. No more red states, no more blue states, just one United States Of America under the banner of Purple.
The United States Of Purple's website also provides you the formal opportunity to sign a petition to begin the process of implementing a Constitutional amendment to impose fixed term limits on all Federally elected politicians. Only by turning out the existing political class can we have a chance of addressing and finally resolving the major issues of or times.
Our book, "Love My Country, Loathe My Government - Fifty First Steps To Restoring Our Freedom And Destroying The American Political Class" is now available at www.loathemygovernment.com. It is also available online at Amazon and Barnes and Noble. Please pass our message of freedom onward. Let your friends and family know about our websites and blogs, ask your library to carry the book, and respect freedom for both yourselves and others everyday.
Please visit the following sites for freedom:
http://www.cato.org/
http://www.robertringer.com/
http://realpolichick.blogspot.com/
http://www.flipcongress2010.com/
http://www.reason.com/
http://www.repealamendment/
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