Greeley Report thanks the local readers for their insights and contributions. This story is your information, shared with the public.
More information has been gleaned about the direction of Vestas during 2012. Their performance during 2011 was weak. In fact, the Chief Financial Officer (not the CEO) has resigned. The chairman of the board of directors will not run for reelection, nor will two other board members.
In a recent meeting with employees, Vestas encouraged them to contact their senators and representatives, and push for passage of the production tax credit (PTC). Although Vestas does not directly benefit from this utility company subsidy, their connections and benefits are unmistakable. They need this, to survive. Wind turbines cost around $4 million to produce. The PTC gives utilities roughly $2.2 million per turbine. You can do the math, and connect the dots yourself.
Shouldn't Vestas continue to receive government subsidies, pay employees well, and create green jobs and energy? After all, government subsidies are rampant, spreading from farm and ranch to the medical industry. Government tentacles even subsidize alcohol plants. But these government funds are really your money! You pay, the government takes their chunk out of the pot, and then they spend (and print more empty dollars) to give to whatever segment of society they deem worthy. It is truly redistribution of wealth. Your wealth. Your children's wealth, controlled by the hands of tyrants, pickpockets and thieves.
When we realize this, we also start to realize this government handout program has to stop somewhere, and sooner or later, it must get to everywhere! The Federal government is literally controlling huge segments of local industry through handouts. But it cannot continue.
So, as the government picks their winners and losers for the year, which businesses will fail? Which will succeed? Shouldn't it be free markets that dictate the terms? If we radically cut government subsidies across the board, we would find out soon enough.
Comments