NYT: ‘Biden’s Lesson From Past Green Stimulus Failures: Go Even Bigger’ – The more the plans fail, the more the planners’ plan!
New York Times: "As vice president, Joe Biden oversaw a 'green jobs' stimulus package that produced notable failures. This time, with more money and more demand for clean technology, will be different, Democrats say." ... "12 years later, President Biden is preparing the details of a new, vastly larger, economic stimulus plan that again would use government spending to unite the goals of fighting climate change and restoring the economy. While clean energy spending was just a fraction of the Obama stimulus, Mr. Biden wants to make it the centerpiece of his proposal for trillions of dollars, not billions, on government grants, loans, and tax incentives to spark renewable power, energy efficiency and electric car production.
But the failures of the Obama stimulus, and Mr. Biden’s role in them — he oversaw recovery-act spending — could haunt the plan as it makes its way through Congress. The risk to taxpayers could be orders of magnitude more this time around, and Republicans for years have proven adept at citing Solyndra to criticize federal intervention in industrial planning."
https://www.climatedepot.com/2021/03/30/nyt-bidens-lesson-from-past-green-stimulus-failures-go-even-bigger-the-more-the-plans-fail-the-more-the-planners-plan/
