This transcript is automatically generated
Like this because personal Solyndra now beacon power's file for bankruptcy up to give -- a guarantee loan from the government.
And our next guest says -- -- just the tip of the iceberg.
In all boils down to crony capitalism joining us now -- rally directive the National Center for Public Policy Research.
Research free enterprise project Tom.
We talk about this notion of crony capitalism explain specifically though why these Green projects are really beginning to fell miserably.
-- the number of things don't offer Thibault President Obama dumped billions and billions of dollars -- to clean energy.
And now we start to see these clean energy companies go under because -- lot of the -- not prime from prime time it's not -- The big issue that really happened is when cap and trade fails as a legislative.
Proposition to boost fossil fuel prices so that Green energy could be equal when that didn't happen -- companies can't compete.
And it's an artificial market its command to control.
Now it's crony capitalism because a lot of Obama's and enable bombs advisors are getting money for example when it is jobs panel advisor John -- He's the billionaire venture capitalist -- Al Gore's business partners venture capital firm.
They backed fiscal automotive fiscal automotive got a half a billion dollar loan to make the cost in the making -- Yeah and just doesn't get alone -- -- and it taken to task guaranteeing Kleiner Perkins -- is one of the most prestigious in biggest venture capital firms and in the world we don't know how these people get compensated.
A lot of times what these and when -- -- PE firms do is say take -- they take their profits and losses from all of their investments.
And they can end up netting out and they spread it over twenty people to say that John -- an Al Gore alone are profiting we don't know that for certain and it's Kleiner Perkins I mean.
You should Kleiner Perkins stop investing in FaceBook and -- Green and her.
I don't just look what it until it's -- -- jobs package should not be an jobs panel then recommending more money going to Green energy -- -- engines failing look.
-- this car is -- 97000.
Dollars sports car that has been sold to Leonardo di -- this is what's really going on.
Our tax dollars are going to the government and we're backing these venture capital that's also how the lyrics look the business all right pass on the extent now business gets done is different parties and cocktail parties and -- let's now.
Now perhaps is the company's go bankrupt like they did with Solyndra taxpayers lose -- -- makes money taxpayer isn't gonna make any money but the billionaires keep getting richer.
That's by the Occupy Wall Street people should be get John Delors.
Organization and and not in Wall Street because it's crony capitalism.
He shouldn't be part of what I thought that I can find a lot of examples of crony capitalism that exist beyond and before this administration meantime let's head out -- -- -- OK so so what is your proposal for how the government should be involved England entity out of the way it should be -- free market it shouldn't be billions don't than to buy someone the government have involvement in nuclear power in developing this call and and and Nat gas industry and it's an -- -- getting an economist only what our national debt is.
We can afford these Green programs anymore it's outrageous bankruptcy if the bank I'm Alan Charles yeah.
I -- a very very sorry I don't think -- and a it's but the thing as I guess.
Is that you do believe that there's room for clean energy but you think it should be done you -- out -- that.
You can't force a market we should know that is being -- All the money that's going to to -- where the jobs they promised us jobs now we've -- bankruptcies.
And the darker side of full list at the same time Obama since -- in cap and trade.
He's raising fossil fuel prices by adding.
EPA regulations on coal -- over fifty coal power plants that Google offline and we gonna charge.
Armstrong I do worry about -- -- are gonna come from Corus up since that and that and that sort of the next step in the generation process but you know added I have to worry about the notion though pushing up gas prices on the average Americans -- so -- -- The other thing that's it or it's a big fight someone in the raising energy prices which you know you're talking about power shortages on the electric grid where is this you know -- the time you don't talk -- and -- -- -- -- and -- -- actress Dana my I.
Overall how did you get that absolutely fantastic and I can't wait their budgets -- by the go at it again -- --