GE-Obama Corporate Windmill Welfare Exposed

Wind subsidies aren't working, they're just subsidizing big business

(By Timothy P. Carney, Washington Examiner) - White House economic and energy officials have privately expressed concern that the wind subsidies in the stimulus aren't doing very much but enrich some companies. The Wall Street Journal editorial page got its hands on the memo, and today's editorial [behind a paywall, sadly] is an important read.

The memo, written by Larry Summers, Carol Browner, and Ron Klain, discuss how stimulus subsidies are going to projects that would have happened anyway, and in which government ends up bearing most of the risk (while, of course, the private companies get all the profit).