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Green Stimulus Complete: Renewable Energy Loan Program Expires

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By Doug Powers  •  October 1, 2011 02:54 PM

**Written by Doug Powers

The guaranteed government loan program for “renewable energy” projects, a stimulus-sponsored exercise in venture socialism most famous for its ongoing Solyndra debacle and ties to investors that just happen to be Obama campaign donors, expired yesterday.

The Department of Energy didn’t let the deadline go quietly:

The Energy Department finalized Friday more than $4.7 billion in loan guarantees for four solar projects, bringing an embattled stimulus-law program aimed at financing renewable energy projects to a close.

The approvals come amid objections from House Republicans, who have alleged that the department was rushing to finalize the loan guarantees before the program expired Friday.

The best part is that each of the final round of guaranteed loan winners will also receive a complimentary slightly used whistling robot that warbles the tune Zip-a-Dee-Do-Da while the people who paid for it are on the verge of humming Yip Harburg classics.

I’m assuming that just because the new loan program has expired, that won’t prohibit any company with an existing loan to come back and ask for more. Even if they’ve already defaulted on the original amount, the Energy Secretary has proven he’s still willing to entertain the request.

**Written by Doug Powers

Twitter @ThePowersThatBe

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