Friday, July 02, 2010

Dumbasses.

My Gawd these people are about as dumb as a box of rocks. When I first read about this stupid program at least 6 months ago, I thought - why the hell would anyone buy a house that essentially has a lien on it? I never would.

It seems like someone has a pulse somewhere, because all of a sudden people are having a hissey.

How many years till they figure out all those electric cars need electricity, and are going to strain the grid?

Mercury News.

"SAN FRANCISCO — The Obama administration is devoting $150 million in stimulus money for programs that help homeowners install solar panels and other energy improvements, which they pay for over time on their property tax bills.

At the same time, the two government-chartered agencies that buy and resell most home mortgages are threatening to derail the effort by warning that they might not accept loans for homes that take advantage of the special financing.

The mixed messages have alarmed state officials and prompted many local governments to freeze their programs, which have been hailed as an innovative way to help homeowners afford the retrofitting of a house with solar panels, which can cost $30,000 or more before incentives.

"The thing that is maddening is that this is having a real-life impact with companies laying off people and homeowners in limbo as all these projects are stalled," said Clifford Rechtschaffen, a special assistant attorney general in California.

Under the financing programs, a local government borrows money through bonds or other means, and then uses it to make loans to homeowners to cover the upfront costs of solar installations or other energy improvements. Each owner repays the loan over 20 years through a special property tax assessment, which stays with the home even if it is sold. "

3 comments:

Keyser Söze said...

Okay, government, here's a little piece of unsolicited advice. If the economic problem is excessive indebtedness, the solution is not more debt.

Just sayin'.

she said: said...

It doesn't matter. We are all doomed. President Money bags is just spening and spending and spending. I don't think anyone understands how much. Between Tesla and Solyndra - it is a billion. Solyndra scrapped their IPO. Tesla - how do you make cars with no It doesn't matter. We are all doomed. President Money bags is just spending and spending and spending. I don't think anyone understands how much. Between Tesla and Solyndra - it is a billion. Solyndra scrapped their IPO. Tesla - how do you make cars with no infrastructure?

Then - just this morning:

updated 7/3/2010 4:26:43 AM
WASHINGTON — President Barack Obama announced Saturday the awarding of nearly$2 billion (euro1.59 billion) for new solar plants that he said will create thousands of jobs and increase the country's use of renewable energy sources.

The two companies that will receive the funds from the president's $862 billion economic stimulus are Abengoa Solar, which will build one of the world's largest solar plants in Arizona, creating 1,600 construction jobs; and Abound Solar Manufacturing, which is building plants in Colorado and Indiana.


But, when I look at their grants it looks like it might be closer to 2 bil each. Though I'm getting ready to leave so I just did a quick search.

But, that is like 5 billion just between 5 companies.

Keyser Söze said...

Well, let's be fair. After all, there is precedent for huge economic gains coming from major government investment in new energy sources. Why, just look at all the money that Carter spent on synthetic oil. Where would we be without the billions invested in the Synthetic Fuels Corp.?

Oh, wait, never mind...