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Big League Economics

Marsha Blackburn’s Opponent Phil Bredesen Has SOLAR SCANDAL On His Hands

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Phil Bredesen’s chairmanship of the Silicon Ranch solar company, based partly in Nashville, calls into question his multi-million dollar solar-energy allocations during his time as governor of Tennessee.

The people of Tennessee have been asking questions, and the mainstream media in his state now realizes it: Phil Bredesen handled taxpayer gifts to the solar industry, then jetted off to the chairmanship of a state-based solar company.

This is what Trump supporters mean when they talk about “The Swamp.”

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The Nashville Tennessean reports:

“Former Tennessee Gov. Phil Bredesen spent much of his second term touting the benefits of solar investments.

He dedicated millions in stimulus dollars to set up the Tennessee Solar Institute in Knoxville, recruited two large manufacturers of solar materials to the state, and his administration pushed for legislation providing green energy companies a series of tax breaks.

Weeks after the tax bill passed in June 2010, Bredesen had another reason to root for the burgeoning sector’s success: He became chairman of a new Nashville solar company, Silicon Ranch.

Today, Silicon Ranch builds, owns and operates more than 120 solar projects in 14 states. The company’s partners include global oil and gas company Royal Dutch Shell, which bought a 43 percent stake in the company this year, and Canada-based Greystone Managed Investments. It employs about 45 people, who mostly work in downtown Nashville.”

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Big League Economics

Steve Mnuchin Secures Commitment Towards Trumpbux 2.0 $1,200 in Stimulus Negotiations

The Democrats are holding it up.

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Treasury Secretary Steve Mnuchin has received a commitment from House Majority Leader Nancy Pelosi on a second $1,200 stimulus payment towards American taxpayers, contingent on a broader deal with the Democratic majority in the House.

With an agreement on direct payments to taxpayers reached, Democrats are now holding up a second TrumpBux payment in an attempt to secure bailout pork for encumbered state and city governments. Republicans have already proposed two different stimulus packages, but the Democrats have shot down both, insisting upon a whopping $3.4 trillion package. Republicans upped the ante to a $1.4 trillion package after their first plan was rejected, but it’s still not enough for the Democrats.

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The priority should be payments to taxpayers and relief for real community small businesses that are struggling to compete with digital corporate monopolies in the atomized post-coronavirus world. Somewhere along the line, Democrats decided to make bankrupt municipalities the priority. Payroll support for the struggling airline industry is also a matter of contention in the negotiations.

A vote on a tentative stimulus package was planned in the House of Representatives on Wednesday, but it appears that plan has been postponed as Mnuchin and Pelosi continue to negotiate over the substance of the legislation. The size of the total package will most likely range between $2.2 trillion and $1.5 trillion, the proposals set forth by Democrats and Republicans respectively.

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