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More Crony Capitalism? It’s OK Because It’s Green.

An editorial in today’s Washington Times says, “Government digs deeper into debt so pricey biofuel can power warcraft.” The editorial begins by saying:

“The $1 trillion budget bill before Congress includes a provision that would resurrect the Keystone XL pipeline, but don’t expect its passage to open a flood of black gold and wash away Uncle Sam’s infatuation with all things green. Even as the scientific validation of global-warming theory crumbles, adherents in Washington have dragooned the U.S. military into leading the charge toward renewable energy.

The Navy made headlines last week with the revelation that it has been ordered to purchase 450,000 gallons of biofuel to power its jet fighters. Conventional jet fuel costs about $4 a gallon, but the biofuel made from fermented algae will set back the service about $16 a gallon. The pricey green gas, says the Navy, will be used next summer to power planes participating in exercises near Hawaii under the politically correct title of “the Great Green Fleet Carrier Strike Force.” The purchase is part of a larger deal in which the Navy is partnering with the Agriculture and Energy departments to buy $510 million worth of biofuels over three years. (emphasis added)

“One supplier is California-based Solazyme, which received $22 million in federal stimulus funds to construct a biofuel plant in Louisiana. A company adviser, according to Hot Air, is T.J. Glauthier, who was a member of President Obama’s transition team. So in essence, overspending feds borrowed stimulus money, handed it over to an Obama buddy who helps build a factory for algae fuel that the feds buy back at quadruple the going rate. Meanwhile, the defense budget is slashed by $500 billion and faces additional cuts of $1.2 trillion as a result of the congressional debt panel’s failure to approve a deficit reduction plan - all in the name of “sustainability.”

Last week, Investor's Business Daily put the story in the category of "ecofanaticism," editorializing that "SolyndraGate was no isolated case of corrupt government misspending."

Yesterday, Andrew Stiles wrote at National Review Online that President Obama is forcing “the Navy to purchase expensive and dubiously green biofuel,” adding:

“One might assume, or at least hope, that the fallout over the $535 million Solyndra loan scandal would make the Obama administration think twice before lavishing more taxpayer dollars on politically connected “green energy” firms. Not in the slightest.”

Meanwhile, a San Francisco Chronicle blog points out: “Those of you obsessed with the Solyndra scandal, take note: Range’s government loans and grants were issued by the Bush administration, via the U.S. Department of Agriculture and the U.S. Department of Energy.” And Fox News points out:

“The purchase is being authorized by an executive order under the Obama administration's "we can't wait" campaign.

“Administration officials gave no indication why they're not going through Congress, instead using a program that was established to promote rapid job growth by bypassing congressional debate.”

All the while the Navy Secretary is cheerleading the buy because it was "the biggest government purchase of advanced biofuels, as reported by Bloomberg.

But remember, the grandees don't understand it’s taxpayers who are being plundered. Besides, if it’s green, it must be good. Wrong!

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