Green energy subsidies mean billionaires get your money 

Do you think our government should take money from taxpayers and give it to billionaires? Some billionaires do, as long as they couch it as "green energy." Chris Moody at the Daily Caller reports on an event in DC yesterday:

“This is all the help I want. I want a billion dollars a year for five years and then kill it,” [Billionaire T. Boone] Pickens said, describing the amount of public money he’ll need through tax credits to get his plan off the ground. “Five billion dollars...."

“Just give me the money to get it started,” he said at the Tuesday luncheon. “Give us the direction, Mr. President and we’ll go in that direction because we are patriotic and we’re not stupid.”

Ted Turner also wants Obama to give him your money:
Turner recently invested millions in the solar power business, and wants to see some dough from Uncle Sam too.

“There does need to be some subsidies,” Turner said when asked if he could launch his projects with just private capital.

Turner's most dizzying statement: “Right now we’re subsidizing coal and oil big time. Wind and solar and geothermal are not being subsidized because they were not here to get in line and get their spot at the feed trough.”

First of all, wind, solar, and geothermal are being subsidized. A lot. By a lot of government programs. Just to name two from the stimulus -- grants for renewable energy developers, and multibillion-dollar loan guarantees. States are in the game, too.
What's sad is watching Pickens and Turner, successful businessmen who made money through voluntary transactions, begging Obama for handouts. What's odd is that this brazen behavior is somehow acceptable. I wrote about this dynamic on a visit to Ohio last fall where I saw a bunch of green energy executives on stage with Gov. Ted Strickland:
the event could be seen as brazen patronage -- Strickland was subsidizing businesses with the tax dollars and the electricity bills of his constituents, and the subsidized CEOs were supporting Strickland's re-election. It was another glimpse of the odd new world of "green jobs" in which Democrats outflank Republicans on the "pro-business" line and openly give handouts to campaign contributors. Everything is hunky-dory because it's green.
Read my prior columns on T. Boone Pickens' subsidy-suckling:

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Timothy P. Carney

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