I’ve written before that Obama’s Solyndra-style handouts have been a grotesque waste of tax dollars.
I’ve argued that they destroy jobs rather than create jobs.
I’ve gone on TV to explain why government intervention in energy creates a cesspool of cronyism.
I’ve even shared a column from Obama’s hometown newspaper that criticizes the rank corruption in green-energy programs.
And it goes without saying that I’ve disseminated some good cartoons on the issue.
But even though green-energy programs are a disgusting boondoggle, American taxpayers and consumers should be thankful they’re not in Germany.
Our programs may be wasteful and corrupt, but we’re amateurs compared to what’s happening on the other side of the Atlantic.
Here are some passages from a must-read story in Der Spiegel.
The government predicts that the renewable energy surcharge added to every consumer’s electricity bill will increase from 5.3 cents today to between 6.2 and 6.5 cents per kilowatt hour — a 20-percent price hike. German consumers already pay the highest electricity prices in Europe. But because the government is failing to get the costs of its new energy policy under control, rising prices are already on the horizon. Electricity is becoming a luxury good in Germany.
As is so often the case with government intervention, the promises from politicians about low costs were a mirage.