Walter Russell Mead @ The American Interest:
Another green subsidy, another green scandal. The Wall Street Journal reports that a governent program meant to aid businesses that turn cooking oils into fuel may be guilty of serious fraud. The federal government now alleges that two of these businesses have been abusing the system, casting a pall over the entire program:
In December 2010, a Lubbock, Texas-based company, Absolute Fuels, sold about $1 million worth of numbers representing an equivalent amount of biofuel output to Tesoro Corp., one of the country’s largest oil refiners, according to affidavits filed by a Secret Service investigator in federal court. Tesoro said it believed the numbers were valid and has turned in additional numbers to the EPA to replace those it bought from Absolute.
The trade capped a big quarter for Absolute, which had closed similar deals with other big refiners. . . . Two months later, Environmental Protection Agency inspectors visited the Absolute factory and discovered the facility didn’t appear to be producing any fuel, the documents said.
Turning left over cooking oil into diesel fuel seems like a good idea, but good ideas need good people to make them work.
To give 0-bama more stimulus dollars to wasted would be rediculous. He doesn’t have a clue how to stimulate our economy and the wacho liberals around him clearly don’t either.
@Common Sense: Actually, they are decidedly effective in stimulating the transfer of our wealth into the coffers of the democraps crony bundlers.
That’s the way it goes in the American capitalist system—there’s always corruption.