Tim Carney: U.S. and China waste billions on solar panel race

[Geee]

Washington Examiner:

What happens when China and the United States clash in a subsidy-fueled solar panel arms race? The world gets a lot more solar panels than anyone wants to buy, manufacturers go bankrupt, and taxpayers get stuck with the tab.

Will the recent bankruptcy of subsidized Chinese solar giant Suntech Power cause the Obama administration to tone down its argument that we need to match China's solar policy?

"As long as countries like China keep going all in on clean energy, so must we," President Obama said in his 2013 State of the Union. This is a typical refrain in Obama's industrial policy.

In a 2010 address at Georgetown calling for more green energy subsidies, Obama said "the countries that lead the 21st-century clean energy economy will be the countries that lead the 21st-century global economy. I want America to be that nation. I want America to win the future."

[clearvision]

So the WH wants higher prices to keep the rest of their "green" portfolio from crashing?