Firm Sells Solar Panels – To Itself, Taxpayers Pay

March 19, 2012 By 2 Comments
Barack Obama 9 SC 300x200 Firm sells solar panels   to itself, taxpayers pay

A heavily subsidized solar company received a U.S. taxpayer loan guarantee to sell solar panels to itself.

First Solar is the company. The subsidy came from the Export-Import Bank, which President Obama and Harry Reid are currently fighting to extend and expand. The underlying issue is how Obama’s insistence on green-energy subsidies and export subsidies manifests itself as rank corporate welfare.

Here’s the road of subsidies these solar panels followed from Perrysburg, Ohio, to St. Clair, Ontario.   More…

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