“Green” Jobs Fraud
Abound Solar, who was approved a $400 million taxpayer-backed loan by Barack Obama, is the latest so-called “green” company to go into bankruptcy despite massive infusions of welfare cash.
“U.S. taxpayers may lose $40 million to $60 million on the loan after Abound’s assets are sold and the bankruptcy proceeding closes, said Energy Department spokesperson Damien LaVera. Abound was awarded $70 million of its $400 million loan by the time bankruptcy was declared.
“Abound was awarded the loan guarantee to build two factories to make thin-film panels using cadmium telluride. It completed one plant, in Longmont, Colorado, and never began construction on the second, which was planned for Tipton, Indiana. The company last received money from the Energy Department in August, before Solyndra’s collapse,” Bloomberg reports.
“The Energy Department has provided almost $35 billion in loans, loan guarantees and conditional commitments to renewable- energy companies. About 35 percent of that is for solar- generating projects…”
Abound joins Solyndra, Beacon Power, Ener1 and Fisker as some of the higher profile “green” companies to fail miserably and lose taxpayers hundreds of millions of dollars despite promises from Obama.
“The Obama administration’s crackdown on mountaintop removal has delayed 138 permit reviews beyond the U.S. Environmental Protection Agency’s average processing time, according to a new EPA Inspector General review,” Ken Ward of the Charleston (W.V.) Gazette reports Monday.
“IG investigators examined 185 applications for U.S. Army Corps of Engineers “dredge-and-fill” Clean Water Act permits and found that about a third have been issued, a third have been withdrawn by mine operators and another third remain pending.”
“…more than half of the 66 pending applications have been under review for more than two years, according to the report released last week.”
“Instead of spending more and more taxpayer dollars to wage this war on affordable energy, the Obama EPA should be processing and approving these permits to spur job creation, especially in areas such as Appalachia that have significant employment needs,” said Sen. James Inhofe (R-Okla.)
Dear ATP supporter,
Barack Obama obliterated 20,000 American jobs.
Just to try and save his own.
Obama, realizing the political price he would pay for killing the Keystone jobs pipeline, has “delayed” a decision on the project until after next year’s presidential election.
Americans want the pipeline.
The 25,000 petitions we turned in, including that of brave citizens like you, made that clear.
But with gas prices rising and unemployment hovering around ten percent, Obama and Gang Green hope delaying a decision means you and I will forget about the issue.
In the meantime, 20,000 American jobs were lost, gas prices continue to rise and Gang Green was just given more time to wage their multi-million dollar media war to kill the pipeline.
Just to take the political heat off a president who ran and hid when asked to stand up for jobs.
In their White House strategy sessions, Obama and Gang Green decided that causing even more workers to lose their jobs over a delay is worth this shameless attempt to wait until after he faces voters to attack jobs.
When working Americans needed him to lower gas prices and approve tens of thousands of new jobs, he ran and hid.
What a gutless coward.
With your help, American Tradition Partnership won’t let Obama succeed.
I want to take this Keystone pipeline issue and hold Obama accountable for it.
Please go here to chip in $25 or more to help me make sure Obama can’t hide from the Keystone pipeline.
You and I pushed this issue to the front burner when you signed your petition.
Your support is the only thing that will eventually get the pipeline approved.
Now with your help we can bombard him and voters with phone calls, e-mails, letters, faxes…and newspaper, TV and radio ads letting everyone know Barack Obama just obliterated 20,000 jobs and sent gas prices skyrocketing.
If Barack Obama thinks delaying a decision until after the election means he can avoid the issue this election…
P.S. Unable to explain to voters his opposition to the Keystone jobs pipeline, and terrified of paying a political price for it, Obama announced yesterday he was “delaying” a decision on approving the permit until after the 2012 elections. That announcement killed 20,000 immediate jobs — just to save his own.
If he thinks it will work, he’s wrong. But I need your help. Please go here to chip in $25 or more to help me make sure Obama can’t hide from the Keystone pipeline.
With your help we can bombard him and voters with phone calls, e-mails, letters, faxes…and newspaper, TV and radio ads letting everyone know Barack Obama just obliterated 20,000 jobs and sent gas prices skyrocketing.
While states experimenting with failed ‘green’ economies wallow in budget deficits and high unemployment, North Dakota’s oil boom has spawned hundreds of thousands of jobs, a $1 billion state budget surplus and the nation’s lowest unemployment rate.
“The state’s per capita income rose over the decade from 38th in the nation to 17th, the biggest advance of any state,” USA today reports Thursday.
“We’ve had an absolutely stellar few years,” University of North Dakota economist David Flynn tells USA Today. “In all honesty, when you look ahead, we should continue to do well for quite a while.”
“North Dakota is enjoying an oil boom in the western part of the state, drawing workers from across the country. Williston, in oil country, grew 17.6% to 14,716. The oil windfall has created a $1 billion state budget surplus,” USA Today reports.
Meanwhile, attempts to impose “green” economies on states have met with resounding failure. Colorado’s decision to double oil taxes, impose an Expensive Energy Mandate and shift to a ‘green’ economy, all sold as job creators, sent billions in investment and thousands of jobs to states like Wyoming and Texas, and sent unemployment upwards.
Also, a new study out of the United Kingdom, where the failed “green” jobs experiment has gone on for years, shows for every “green” job created at tremendous taxpayer expense, 3.7 jobs are destroyed. That study comes on the heels of a study of Spain’s “green” economy, where every “green” job created at tremendous taxpayer expense destroyed 2.2 jobs.
Journalist and consumer rights crusader John Stossel reports on Kenneth P. Green’s debunking Barack Obama’s “green” jobs fraud in an article for Reason.com.
Obama’s program pumps millions of taxpayer dollars into the pockets of his political allies to create long-discredited “green” jobs. Research shows “green” jobs programs, by jacking up taxes, driving up energy prices and rigging markets, destroy twice as many jobs as they create.
You can read Stossel’s Reason article for yourself at http://reason.com/archives/2011/03/10/obamas-green-jobs-fantasy.
American Tradition Partnership and our grassroots memberships is the nation’s leading citizen-powered opponent of these wasteful, destructive political payoff programs.
Join ATP, Stop Gang Green!
American Tradition Partnership (ATP) is a no-compromise grassroots organization dedicated to fighting the radical environmentalist agenda. We support responsible development of natural resources and rational land use and management policies. Only together can we protect access, private property rights, and affordable energy for all Americans!