- By Anton Grillo
- (General Dispatch) – After a resounding failure in the Obama era, Joe Biden seeks to finance technology campaigns focused on green energy alternatives, which in the past represented a serious mistake.
- Once again, U.S. President Joe Biden will gamble part of the nation’s economic resources to finance projects that do not represent a benefit for the country.
- The Daily Wire recently reported the news that the projects contemplate inorganic economic proposals providing support to companies that have not justified their theories.
- Critics of the issue indicate that the Biden administration should take a look back and note that billions of dollars were invested in projects of this nature resulting in significant monetary losses.
- Companies such as Solyndra and Abound Solar, dedicated to the alternative conduction of solar energy in 2011 declared bankruptcy after receiving $535 million and $400 million.
- Years later, history intends to repeat itself in the United States, now under the mandate of Biden, who will apparently allocate billions of dollars to companies in the green energy sector.
- On the contrary, economists specializing in the investment area reported that financing business models that do not have a high market demand is not convenient.
- Once again, the nation’s economic resources will be distributed in operations that are of little significance for boosting the gross domestic product of Americans.
Adittional Information:
Daily Wire: Biden Proves He Learned Nothing From Obama’s Green Failure
The New York Times: Biden’s Lesson From Past Green Stimulus Failures: Go Even Bigger
