In what is being called a shocking development the taxpayer funded SpectraWatt Inc is closing its plant and letting 117 employees go. I wonder if the reason this news is so shocking is because solar power depends on government subsidies to grow until the cost of its electricity is competitive with fossil fuel generated power and when does the government ever quit throwing money at something?
Maybe the reason this is shocking to people is because a reason given for the shutdown is the harsh wEuinter in Europe. So let me sum this up - we needed the taxpayer funded solar power to prevent man-made global warming. Europe is experiencing one of its worst winters on record.......I guess solar power worked.
Thursday, December 23, 2010
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