If you need a fresh symbol of the Obama administration’s impractical green energy pursuits, a new $50 light bulb should do it. The bulb is made by Philips, which won a $10 million prize from the federal government for creating it.
The prize was part of a contest designed to create an energy-efficient but “affordable” light bulb, according to Energy Secretary Steven Chu.
The Washington Post reported: “A Philips spokesperson declined to talk in detail about the bulb or its price because the product has yet to be formally launched. … But the spokesperson said the … bulb costs more because, as the contest required, it is even more energy-efficient, running on 10 watts instead of 12.5 watts. It is also brighter, renders colors better and lasts longer.”
Great. But to repeat, this “affordable” light bulb costs $50 — in addition to the taxes you paid to give a $10 million government award to the company that developed it.
Do you think it’s worth all that?