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6 Bumps

Obama and Green jobs.... WTF?

Is this an example of

Winning the Future?

or

What the F'k?

You Decide........

~~~~~~~

According to a Feb. 17 letter signed by Energy and Commerce Committee Chairman Fred Upton, Michigan Republican, and Oversight Subcommittee Chairman Cliff Stearns, Florida Republican, to Energy Secretary Steven Chu, Solyndra the Fremont, Calif.-based solar panel manufacturer squandered $535 million of stimulus money. …

According to Biden’s speech, the $535 million loan guarantee was a smaller part of the $30 billion of stimulus money the administration planned to spend as part of its Green Jobs Initiative.

Obama made similar claims in a May 26, 2010 speech at the plant, but the 1,000 jobs he and Biden touted in their respective speeches failed to materialize.

Instead, Solyndra announced on Nov. 3 it planned to postpone expanding the plant, which cost the taxpayers $390.5 million, or 73 percent of the total loan guarantee, according to the Wall Street Journal.

It also announced that it no longer planned to hire the 1,000 workers that Obama and Biden had touted in their speeches and that it planned to close one of its older factories and planned to lay-off 135 temporary or contract workers and 40 full-time employees...

.....A closer look at the company shows it has never turned a profit since it was founded in 2005, according to its Securities and Exchange Commission (SEC) filings.

~~~~~

A June 2010 Wall Street Journal report indicating that Solyndra’s majority owner, Oklahoma billionaire George Kaiser, was a major fundraiser for the 2008 Obama-Biden campaign has stimulus opponents such as Citizens Against Government Waste crying foul.


Answer Question
 
grlygrlz2

Asked by grlygrlz2 at 12:17 PM on Feb. 22, 2011 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (12)
  • The ROI specs on green idustries are dismal. Even the owners of the companies know that.
    I choose a " What the F***" moment here grly
    jewjewbee

    Answer by jewjewbee at 12:25 PM on Feb. 22, 2011

  • Common sense should tell people that it is a waste of taxpayer dollars. If there was a profit to be had the private sector would jump on it.
    Carpy

    Answer by Carpy at 1:01 PM on Feb. 22, 2011

  • and they would not need "stimulus" money.
    Carpy

    Answer by Carpy at 1:02 PM on Feb. 22, 2011

  • Common Sense SHOULD tell people A LOT, carpy....  Then add to it Business Numbers and Business Models (Dismal, is the best way to put it).....

    grlygrlz2

    Comment by grlygrlz2 (original poster) at 1:05 PM on Feb. 22, 2011

  • Good googly moogly ..and carp is right
    tnmomofive

    Answer by tnmomofive at 1:07 PM on Feb. 22, 2011

  • Just another example of why Obama should have stuck to community organizing.
    Carpy

    Answer by Carpy at 1:13 PM on Feb. 22, 2011

  • Do we really have to get someone to give him a BJ before we can impeach him?? Isn't fraud, money laundering and disregard of the Constitution he swore to uphold enough???

    Another 390 million down the rat hole...we didn't even save a marsh mouse, help a turle cross the road or get 1 clean tinky winky for it.
    yourspecialkid

    Answer by yourspecialkid at 1:18 PM on Feb. 22, 2011

  • And how many jobs were created or saved from this? Spending taxpayer money like it's water and wasting it to boot. Turn off the tap the well is dry.
    sopranomommy

    Answer by sopranomommy at 1:19 PM on Feb. 22, 2011

  • Oh and this is def a WTF....WASTING The Future moment.
    yourspecialkid

    Answer by yourspecialkid at 1:19 PM on Feb. 22, 2011

  • Answer by yourspecialkid 23 minutes ago...Oh and this is def a WTF....WASTING The Future moment.


    ▲▲▲


     THIS

    agentwanda

    Answer by agentwanda at 1:46 PM on Feb. 22, 2011

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