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Boehner: Energy Subsidies “Wrong” (& Can I Please Have a $2-Billion Loan Guarantee for a Nuclear Power Plant?)

boehner loan guarantee request

Yes, sadly, our politicians are downright hypocrites, especially those on a certain side of the aisle. What they say versus what they vote for (and ask for) are completely opposite in many instances. After joining in the loan guarantee flogging after Solyndra, for example,  House Speaker John Boehner (R-OH) has gone and supported a $2 billion loan guarantee for an Ohio nuclear power plant (yes, that would be his home state of Ohio). He’s even gone so far as to say not backing the loan guarantee would “betray” Ohio workers.

Last I heard, loan guarantees for nuclear power plants have a financial failure rate of over 50%. Umm…

Going back to Boehner’s September opinion on loan guarantees: “for the federal government to be out there picking one company over another, one type of energy source over another, I think is wrong.”

Oh, how the opinions change with the wind in Congress.

“Boehner is far from the only Republican using Solyndra to score political points while asking for loan guarantees at the same time,” Think Progress reports. “In fact, Republican House members host $11.8 billion in loan guarantees in their districts.”

But you know what, viewers of FOX News, listeners of Rush Limbaugh, and many other Americans are not aware of this at all…. Hence the reason I do this job (one of them, at least). Help get the news out. Spread this no only to your clean-energy choir, but also to your whole network on Facebook, or Twitter, or Google+, or wherever you socialize.

Photo Credit: SpeakerBoehner

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Written By

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.


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