Solar Tax Credit Bill Fails

Senate Republicans managed to scuttle a bill that would extend energy tax credits for companies investing in solar and other renewable energy sources:

http://green.yahoo.com/blog/ecogeek/564/senate-nixes-solar-tax-credits.html

The Republicans were upset that the bill would be offset by closing tax loopholes for hedge fund managers operating offshore funds. Hedge funds, which are basically secretive, unregulated financial playgrounds for the rich, are apparently more important than finding a solution to energy problems which affect poor and middle class people the most. Hopefully technology will advance to a point where a person or community could easily and cheaply generate their own energy and not have to be at the mercy of the oil industry and their political enablers.