German finance minister: OK, yeah, we probably overdid it on the renewable-energy transition « Hot Air: "Environmentalists have been trying to get really super stern with President Obama and his “all of the above” energy plan recently, hoping to pressure him into make a more outright declaration of love and support for further climate-change commitments (not to mention an anti-Keystone XL pipeline one) in his State of the Union address, so I’d expect a healthy-sized shoutout somewhere in the rhetorical mix on the many ostensible merits of the heavy taxpayer subsidization of renewables, a.k.a. wind and solar.
Which, if you happen to be into things like prosperity, job creation, and price efficiency, doesn’t really make a whole lot of sense at the moment. Just ask the guys over in Germany currently reaping the consequences of some of the very same sorts of plans President Obama is likely to tout."
'via Blog this'