Philips Wins $10 MILLION Taxpayer Subsidized Prize For Affordable Green Lightbulb With $50 Price Tag!
What planet are these eco-marxists idiots living on? Certainly not the one where the jobs recession is the longest since WWII.
(WaPo)The U.S. government last year announced a $10 million award, dubbed the “L Prize,” for any manufacturer that could create a “green” but affordable light bulb.
Energy Secretary Steven Chu said the prize would spur industry to offer the costly bulbs, known as LEDs, at prices “affordable for American families.” There was also a “Buy America” component. Portions of the bulb would have to be made in the United States.
Now the winning bulb is on the market.
The price is $50.
Retailers said the bulb, made by Philips, is likely to be too pricey to have broad appeal. Similar LED bulbs are less than half the cost.
Still, the contest set price goals. According to the L Prize guidelines, manufacturers were “strongly encouraged to offer products at prices that prove cost-effective and attractive to buyers, and therefore more successful in the market.”
The target retail price, including rebates from utilities, was to be $22 in the first year, $15 in the second year and $8 in the third year.
$28 shy of the price goal set by the L Prize contest, yet Phillips’ $50 light bulb was still chosen as the winner. Failure must have been an option.
Reality is not their friend but apparently the crack pipe is their BFF.
Image source: Liberally Conservative’s “Obama’s Green Corruption“