Saturday, February 11, 2012

Solar subsidies

Apparently, the government is predicting that it will lose up to three billion dollars in loans made for alternative energy out of a total twenty-four billion dollar program.  Sounds pretty bad, right--a loss ratio of 12%, right?

Nope.  Actually, only 8.3 billion dollars have been loaned out, so we're predicting about a 35% loss ratio.  In short, you'd do better "investing" at the house that Bugsy Siegel built.  And in further honor of Mr. Siegel, and in apology for posting a song from Donny Osmond's teen years, here you go.

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