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On April 18th, 2012 in Michigan, President Obama again called for a "double down" on clean energy, which was met with some skepticism and rightly so. There have been a few high profile failures in the green sector; some of which used taxpayer money to fund, in the hundreds of millions of dollars, only to fail. The private sector can do that and the down side is, that failure costs investors in the market place. Government does it with taxpayer money, there is no down side; just get more tax payer money and keep trying until something succeeds.
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President Obama Doubles Down On Green Energy Despite New Layoff - Investors.comInvestors.com said:Green Energy: Another day and another set of layoffs at a Department of Energy-backed solar company and an electric-car maker funded with stimulus dollars. Yet the President wants to double down on green energy.
First Solar, a solar energy company that received a $1.46 billion loan guarantee from the Department of Energy, announced Monday it will lay off 2,000 workers worldwide. In December, First Solar laid off 100 employees at a Santa Clara , Calif., plant.
The DOE has committed the loan to a project in Riverside County, Calif., expected to create a whopping 15 permanent jobs and 550 construction jobs.
Contrast this boondoggle with the privately funded Keystone XL pipeline, delayed by President Obama over alleged environmental concerns, which would create 20,000 jobs initially and perhaps 10 times that over the life of the project. It will bring 800,000 barrels of oil daily to U.S. refineries, whether the sun shines or not.
Last Friday, Delaware Online reports, 12 more workers — including engineers and maintenance technicians — were laid off at Fisker Automotive's plant in Wilmington, Del., an old General Motors facility.
Originally Fisker was to build its $107,850 dream car, the electric Fisker Karma, there. The Karma, which Consumer Reports labeled "undrivable" after it had to be towed away after a test drive, is being built by Valmet in Finland. Fisker Automotive is the recipient of a $529 million federal government loan guarantee.
Unlike the "subsidies" allegedly given to oil companies, these are real dollars going from our wallets to theirs. The oil companies actually get not a dime, but the same tax breaks as all other manufacturers.
Solyndra, the politically connected recipient of a half-billion-dollar stimulus loan before it too went bankrupt, was only the tip of the iceberg in Obama's green energy failures.
Obama in Dearborn, Michigan – 4/18/2012 – Photos, video, and transcript | EclectablogBarack Obama - Michigan April 18th said:We need to be supporting scientists and researchers who are trying to make the next breakthrough in clean energy or biotech. I want clean energy to happen here in the United States. I want advanced batteries made here in the United States. I want electric cars made here in the United States. I want solar and wind power made here in the United States. (Applause.) We’ve been subsidizing oil companies with taxpayer giveaways for about 100 years now. It’s time for us to double down on clean energy that has never been more promising. (Applause.)
"I want"... "We need"... "I want..."
Now take the poll.