Green companies that got stimulus money from Harry Reid line up to help his campaign …
Why They Go Green
A green breakfast to thank Harry Reid..
In a free energy market, companies succeed by producing cheaper, better products than competitors. In a “green” energy market, companies succeed by holding Beltway fundraisers. For more on the distinction, ask Senate Majority Leader Harry Reid, who will benefit today from a tony Washington money-raising breakfast hosted by top “renewable energy” industry groups.
Democrats may be losing altitude with most of struggling corporate America, but it’s all about the love with the green sector, floating above economic realities thanks to stimulus handouts and other perks funneled them by the majority. Mr. Reid has been a strong advocate of this transfer, and the industry is showing it knows how to give back.
That, and watching its back. The companies that belong to the American Wind Energy Association or the Solar Energy Industries Association You(among the fundraiser’s hosts) produce costly products that can’t compete against traditional fuels. Their business plans are written around Washington subsidies and mandates. They’re obviously worried a Republican majority might pare back the grants, loans and tax credits, in the name of cutting government waste. One can hope.
As the event invitation noted—in requesting $2,500 to attend—Mr. Reid’s Nevada Senate competition against Republican Sharron Angle is an “incredibly important race.” Indeed it is if your balance sheets depend on the Democrats’ special way with taxpayer money.
