Friday, February 17, 2012
John Ruberry - marathonpundit
One of the lessons from the three years of the Obama administration is that the government should not be picking winners and losers in our economy. Solyndra comes to mind here.
The Wind Production Tax Credit isn't an Obama invention--it dates back to 1992. It's been extended in one-to-two year intervals--a few times it wasn't extended.
We're back to not extending it--at least for 2013. Good. The tax credit is the only reason wind power is financially feasible. The wind lobby could be panicking, Hot Air writes. Big Wind thinks the expiration of the tax credit blows.
C'mon now, guys. You've had 20 years to figure out how to make money in the wind racket. But it seems your lesson is that it's best to do that the easy way--with federal help.
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