posted on Aug, 21 2022 @ 09:47 PM
This is the modern equivalent of "Let them eat cake."
According to legend, that phrase (actually in French: "Qu'ils mangent de la brioche") was spoken by Queen Marie Antoinette just prior to the
French Revolution (where Marie actually and literally lost her head). It was uttered as a response to a report that the peasants were upset because
they had no bread to eat; it was so offensive because those same peasants typically had never been able to eat the richer bread (aka "cake") that
Marie enjoyed daily; read was almost their entire diet. It is said to show exactly how far out of touch with the common people Marie and her husband,
King Louis XVI, were.
Similarly, in response to the common people complaining that they could not afford food, gas, and utilities, this Granholm lady replies with "Let them
invest." Most lower-class people have never had money to invest!
There are so many things wrong with this proposal it is completely ludicrous. Firstly, the lower-class person who owns a home is rare... most people
at the lower end of the economic scale rent. They do not have the resources or income to justify a mortgage. So are they supposed to invest thousands
of dollars to fix up their landlord's house? How exactly is that going to help them?
Maybe she is expecting the landlords to make these investments... OK, so that will raise the rent for the people already living in poverty. Landlords
are not going to lose money on their houses! Anything they put out on a house they expect to make back, usually within a year or two at most.
Then let's talk about the financing... 25 years? Sure that will drop the payments low, but don't forget that after ten years at best the solar cells
will have to be replaced/repaired or they will produce only a fraction of the power they did when new, and possibly no power at all. So, even if
someone saved enough to make the payments at first, by the time ten years rolls around they are back to paying almost as much for electricity as
before, plus another 15 years of solar cell payments on a dead system (unless of course, they can shell out a few thousand to have it repaired).
Oh, and all that power they will be selling back to the power company? Yes, that is completely possible to do. However, there is something they are
not telling you: electricity at the wholesale level is not sold at a fixed price! A power distribution company may pay one price for power during a
hot weekend day in August when everyone is at home, but pay a tiny fraction of that price in the dead of night when most people are asleep. Just
throwing out round figures for example's sake, let's say electricity is going for $0.10 per kilowatt hour during peak times wholesale cost. At night,
it might be as little as $0.02 or even less! The power company then marks it all up to a single price, say $0.25 per kilowatt hour to cover their cost
of all the power lines and maintenance. Do you really think they are going to buy power back for $0.25 a kilowatt hour?
No, they're not. The law in most places says they have to pay for power returned to them, but it does not specify how much... it only says the "normal
wholesale cost." Well, what's the "normal wholesale cost"? That;s what they pay for electricity from the power plants. Those power plants have some
mighty expensive equipment to monitor not only how much electricity they provide, but also when it was provided. You so not have that
equipment, so no matter when the power was sold, the power company will pay you for it at the lowest price they pay the power plant(s) that produce
most of their power.
And it's all legal. Unless you care to spend a few million $$$ on equipment that will log how much power went out at what time.
So here's what the solar cell debacle boils down to... Granholm is suggesting that poor folks take out a major 25-year loan on something that will
pretty much be useless in ten years, to have it installed on someone else's property, in order to cut the cost of their power bills less than the cost
of the payments and in the process help the power companies by supplying them with cheap power during peak demand.
And of course, who makes solar cells? That would be... China. The same China who makes the batteries for the new electric vehicles. So China makes a
lot of money; the banks make a lot of interest (money); the power companies make a lot of money by buying power at a discount; and the people who this
crazy scheme is supposed to be helping are paying for it.
Typical.
TheRedneck