In a word, corruption. Holman W. Jenkins, Jr. -"The Dumbest Trade War Is a Green One"
Some 80% of companies receiving Department of Energy backing, according to the Hoover Institution's Peter Schweizer, are "run by or primarily owned by Obama financial backers." One, Mr. Al Gore, is worth an estimated $100 million, thanks to $2.5 billion in federal loans, grants and tax breaks, according to Friday's Washington Post
What about the "green" jobs that were supposed to sprout? By Mr.
Obama's own arithmetic, the $21 billion spent so far should have
delivered 700,000 jobs. Actual count: 28,854, according to Friday's
Bloomberg Businessweek. [my emphases]