From Guest Blogger Richard Marks: Where Does Alternative Energy Stand Politically?
As a company developing an electric vehicle, we are seeing the investment community frozen solid. When Obama got elected everyone thought he would solve all of our problems, including health care, Global Warning through a cap and trade bill, education, and taking care of the under-privileged at the expense of the rich. The cap and trade looked to be sure bet and a lot of investors jumped into alternative energy regardless of whether it made economic sense or not. While without economic sense, alternative energy is more expensive than status-quo and thus it is losing favor, orders are being cancelled and many small and large companies are failing. Investors are scared. The August primaries around the country has told us, people are upset and do not like what is happening in Washington DC. I voted in the primary against any incumbent running for reelection. I was not the only one! We are upset with what is happening. What bunch of idiots would write a 2,500 page Health Care bill and half of Congress did not even read! (more…)