The Spectacle Blog

Germany’s Green Bubble Follows Spain’s; Will Congress Waste More Billions on Ours?

By on 12.15.11 | 8:58AM

Today's headlines (h/t, The Global Warming Policy Foundation) are full of Germany's green bubble collapsing. Yeah. Just like Spain's.

I told you so. For example, in this testimony from earlier this year accepted for the record by the Senate Environment and Public Works Committee I noted, inter alia

The German Model

The one bubble that has yet to fully burst is Germany's, but that fate clearly is unfolding. This model remains worthy of our focus because late last year the White House revived its claim that Germany offers a successful model of what they hope to accomplish here with similar policies.

Similarly, I had made clear on several occasions that Germany was simply a couple of years behind Spain's collapse, and was pushing for US policies to buy their stuff and bail them out.

Too late. Too bad. Now, with our own industry's welfare expiring and up for renewal (and their own press releases admitting, yet again, that they, just like their Spanish and German counterparts, are words of the taxpayer and disappear without being propped up in order to produce intermittent, more expensive, land-grabbing and bird0-killing electricity), can our policymakers learn?

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