Wednesday, May 09, 2012
National suicide as usual
Few months ago I thought a tiny little spark of sunlight was visible, as Congress seemed to be allowing a wind "power" subsidy to expire by accident or default.
Now the picosecond of common sense has disappeared as always, and it's the fucking Repooflican traitors who disappeared it as always.
Good old Bush The Father, always busybusybusy, always SMASHING SMASHING SMASHING SMASHING America and serving his Chinese masters with perfect loyalty.
Business as usual. You thought we were going to do something sensible or useful? Ha. Fool. Gotcha again.
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Polistra is praying to Allah, or to whatever gods still exist. Bring this former nation to its knees fast. Take it down. Total bankruptcy. That's the only way common sense will prevail, after ALL the money has gone to China, after ALL other expenditures have been cancelled. ¶ 3:16 AM
Now the picosecond of common sense has disappeared as always, and it's the fucking Repooflican traitors who disappeared it as always.
The $1.2 billion a year PTC [production tax credit] was created as a temporary boost for green energy in 1992.
Good old Bush The Father, always busybusybusy, always SMASHING SMASHING SMASHING SMASHING America and serving his Chinese masters with perfect loyalty.
PTC offers a 2.1 cent per kilowatt hour tax write-off for wind energy production that effectively exempts much of the industry from federal income tax. By contrast, the oil and gas companies whose tax rates Mr. Obama keeps complaining about pay some $26 billion a year in federal and state corporate income taxes.
Now the PTC is scheduled to expire, and the industry is launching a lobbying blitz to extend it for another four years. Several GOP Governors are already on board, including South Dakota's Dennis Daugaard, who also wants an investment tax credit for wind.
Enter [Comrades] Reichert and King. [Comrade] Reichert is co-sponsoring legislation to extend the PTC because the subsidies "reduce electricity costs and create jobs." As for [Comrade] King, who likes to advertise himself as a principled conservative, his line is that "Iowa is a wind energy success story" that only needs the federal government to "provide stable, low tax rates."
Business as usual. You thought we were going to do something sensible or useful? Ha. Fool. Gotcha again.
= = = = =
Polistra is praying to Allah, or to whatever gods still exist. Bring this former nation to its knees fast. Take it down. Total bankruptcy. That's the only way common sense will prevail, after ALL the money has gone to China, after ALL other expenditures have been cancelled. ¶ 3:16 AM
