Obama's $50 Light Bulb.....

[MMC]

The winner of a $10 million government contest to develop a super-efficient light bulb is here. But will anybody want it?
The Obama administration announced last year that it would award $10 million to the company that could create a light bulb that was both eco-friendly and affordable. The winning LED bulb, made by Philips, is about to hit (http://www.washingtonpost.com/business/economy/government-subsidized-green-light-bulb-carries-costly-price-tag/2012/03/07/gIQAFxOD0R_story.html?hpid=z) the market. There's only one problem: It costs $50. The price of your standard incandescent bulb, on the other hand, hovers in the $1 region. The $10 million award, dubbed the L Prize, is part of the government's plan to phase out all energy-wasting incandescent bulbs over the next several years. But could Obama's $50 light bulb possibly be worth its price?

Either way, the Obama administration shouldn't be involved: "Ah yes, who knows more about efficiency than the federal government?" asks Don Surber at The Charleston Daily Mail (http://blogs.dailymail.com/donsurber/archives/52659). Government prizes aren't the way to encourage energy-efficient light bulbs. "One would think the marketplace would take care of that.".....snip~

http://news.yahoo.com/obamas-50-light-bulb-too-pricey-161000910.html

50 dollars and it will save the average homeowner over a hundred dollars in savings in a decade :huh: More free money. Probably took them 75 cents to make. Wonder what Obama's cut is? Erm I mean donation! :wink:

Methinks the candle and torch buisness is going to make a guest appearance real soon like. Might be worth the investment. :laugh:

[Conley]

Obama's administration is giving a $10M to Phillips? He's right, the government shouldn't be involved - if it really saves people money then Phillips's profits will be reward enough.

[MMC]

Wonder if Obama found anyone to win the 10 million dollar grant for coming up with the 50 dollar light bulb that no one will buy? Or do you think he will pocket the money? Since he is getting desperate for money.

[Goldie Locks]

The winner of a $10 million government contest to develop a super-efficient light bulb is here. But will anybody want it?
The Obama administration announced last year that it would award $10 million to the company that could create a light bulb that was both eco-friendly and affordable. The winning LED bulb, made by Philips, is about to hit (http://www.washingtonpost.com/business/economy/government-subsidized-green-light-bulb-carries-costly-price-tag/2012/03/07/gIQAFxOD0R_story.html?hpid=z) the market. There's only one problem: It costs $50. The price of your standard incandescent bulb, on the other hand, hovers in the $1 region. The $10 million award, dubbed the L Prize, is part of the government's plan to phase out all energy-wasting incandescent bulbs over the next several years. But could Obama's $50 light bulb possibly be worth its price?

Either way, the Obama administration shouldn't be involved: "Ah yes, who knows more about efficiency than the federal government?" asks Don Surber at The Charleston Daily Mail (http://blogs.dailymail.com/donsurber/archives/52659). Government prizes aren't the way to encourage energy-efficient light bulbs. "One would think the marketplace would take care of that.".....snip~

http://news.yahoo.com/obamas-50-light-bulb-too-pricey-161000910.html

50 dollars and it will save the average homeowner over a hundred dollars in savings in a decade :huh: More free money. Probably took them 75 cents to make. Wonder what Obama's cut is? Erm I mean donation! :wink:

Methinks the candle and torch buisness is going to make a guest appearance real soon like. Might be worth the investment. :laugh:


If and when they designate Ubamacare constitutional then the government can demand almost anything such as this is a great light bulb, we must all purchase it along with GM cars and anything else them deem we must purchase.

[Trinnity]

A fifty dollar light bulb is not a good investment. They break.

[Cigar]

I remember when a 55 inch TV cost $10k ...

[Mainecoons]

How many of these do you have in your house? Aren't you supporting The Annointed One by buying the latest example of government mal-investment? Sorry you missed out on Solyndra but it isn't too late! Rush right down to Tiffany's and get yours now.

[patrickt]

Only a Democrat would consider a $50 light bulb affordable. Can you spell "out of touch"?