OBAMA REGIME STEALS BILLIONS FROM TAXPAYERS – BLOWS IT ON FAILED GREEN PROJECTS–
The Obama Administration spent nearly half of the $38.6 billion ($17.2 billion) set aside for his green energy programs and was only able to create 3,545 permanent green jobs.
This comes out to a staggering $4,853,000 per job.

Obama continued to push green energy initiatives in his 2011 State of the Union Address.

The Obama Administration has blown billions of taxpayer dollars on green energy and has only succeeded in producing a few thousand jobs.
The Washington Post reported:

A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show.

The program — designed to jump-start the nation’s clean technology industry by giving energy companies access to low-cost, government-backed loans — has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies.

President Obama has made “green jobs” a showcase of his recovery plan, vowing to foster new jobs, new technologies and more competitive American industries. But the loan guarantee program came under scrutiny Wednesday from Republicans and Democrats at a House oversight committee hearing about the collapse of Solyndra, a solar-panel maker whose closure could leave taxpayers on the hook for as much as $527 million.

The GOP lawmakers accused the administration of rushing approval of a guarantee of the firm’s project and failing to adequately vet it. “My goodness. We should be reviewing every one of these loan guarantee” projects, said Rep. Marsha Blackburn (R-Tenn.).

Obama’s efforts to create green jobs are lagging behind expectations at a time of persistently high unemployment. Many economists say that because alternative-­energy projects are so expensive and slow to ramp up, they are not the most efficient way to stimulate the economy.

“There are good reasons to create green jobs, but they have more to do with green than with jobs,”
Princeton University economics professor and former Federal Reserve vice chairman Alan Blinder has said.

And you really wonder why the US economy was downgraded? With leadership like this?

UPDATE: From the DOE – Loan Program website – $17.204 billion in loans out of $38.6 billion in loans has already been given out creating 3,545 jobs. That comes out to $4,853,000 per permanent job.

 

 

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  1. Money laundering scheme? Where did that money go?

  2. To whom it may concern:
    If you don’t spend 5 million a job, there isn’t enough to launder back to my coffers. That is what I require in a green initiative! …..the Pres.

  3. This is what you get when you put a snorter in charge of the treasury.

  4. Marxism gone amuck. There is no way that it is possible for Government to pick winners and “make it so”. These green energy initiatives are money losers given the state of the technology. Giving taxpayer money to fund something that can never pay off or demonstrate economic utility and calling this our “future” is out and out fraud. OBAMA ISN’T WORKING.

    We must have an end to the rule of this fraudulent and misguided liar in chief.

    He needs to retire to Kenya and build his presidential library there. Defeat of all of these Marxists is next on our agenda. All together now!

  5. The FBI investigating Solyndra need to widen their investigation into ALL the Green jobs. . investigate all the recipients. . .and see where money went and whether consistent with the terms given.

    And if the FBI won’t do it now, then when a new President is elected in 2012, their AG needs to investigate. . including the FBI.

    This will be the exposure of the biggest fraud in our country’s history.

  6. He needs to retire to Kenya and build his presidential library there.

    Indeed! And his presidential library should be a hole in the ground to reflect his Presidency.

  7. I only have one comment: impeachment!

  8. Er … They’ve made a lousy assinine case for “GREEN”, as well! Seriously lousy, HIGHLY INEFFICIENT Energy-guzzling manufacturing AND poor energy production or utilization values, in every case.

    It still falls solely on the individual to do simple things like use of insulation and window and door sealers, INDIVIDUAL regulation of thermostats. The other big ticket items only work in isolated instances – windmills are still best for the pasture water pump for the stock tank, ditto solar panels – for offline utility use – their “life” in modern apps isn’t standing up, the cost effectiveness and energy conservation are not statistically THERE – damage done is not being acknowledged “for the sake of the industry” – and the bleeding in tax dollars is airily dismissed AND DISRESPECTED by those who advocate but do not PAY into and do not walk the talk!

    All the more EMPHASIZING the True Purpose of the Dim Religion – SOLELY to BLEED the tax payers and Citizens of property Rights and Financial Independence.

  9. Fannie, Freddia, Solyndra . . .

    Crony Capitalism at your disservice !

  10. #7 September 15, 2011 at 7:02 am
    the real wow

    ~~~~~~~~~~~~~~~~~~~~~~~~~~

    Impeachment is for legitimately installed officials.

    As a Foreign Agent of insurgency and destruction, this is a Capital Felony Trial for Spying, for insertion of Destructive plots. You don’t try an IMPERSONATOR for IMPEACHMENT – you ARREST them for Foreign Insurgency, Impersonation, False Identity, etc…

    But you won’t have much on him for FORGED DOCUMENTS – that is why he keeps refusing to produce his bonafides – to avoid the charges of FORGERY.

  11. his intent was never to create green jobs… only to pay back his illegal campaign donors

  12. From http://barnhardt.biz

    Now we all CLEARLY see that all of this, all of the “stimulus”, all of the “green” carney hack scams, the entire Obama regime and the Marxist cabal running this country is about looting as much cash as possible from the Treasury. That’s it. Dump half a billion into a fake Potempkin Plant, let the executives skim about 10% of that off the top, of which a certain percentage goes right back to the Obama regime through campaign contributions, bring in other cronies as “investors” and then subordinate the government loan BEHIND the crony “investors”, and finally BK the whole thing in 12 months and sell off the equipment and assets to even more cronies for 10 cents on the dollar.

    DO YOU UNDERSTAND?

    Obama is about as interested in “green energy” as he is in girls. All these people care about is hustling and robbing the taxpayers blind for as much as possible.

    Too much more of this and someone might start talking about a tax strike. Hmmmm. . . .

  13. Just give me the cash.

  14. There is so much more, too.

    How much money did we pay Tony Rezko’s buddies at NALCO for millions and millions of gallons of oil dispersant after the “mysterious” explosion which enabled Obama to destroy our Gulf oil industry? (Two weeks after G. Soros sold all his BP stock, hmm?)

    Washington D.C. is full of treasonous thieves (D) and spineless cowards (R).

    We’re all done.

  15. Anybody notice that the more Obama tanks the more he looks like Erkel?

    LMAO! powder is dry

  16. Taqiyyotomist-not to mention that Warren Buffet owns a huge chunk of NALCO and has vast interests in Chinese seafood .

  17. Well duh, they’ve only used HALF the allocated amount! The remaining $19.3 billion will generate the remaining 61455 jobs obviously

  18. Obama and co. should, in a just world, be serving multiple concurrent life sentences in Federal prison for their crimes. And, in a legal world that isn’t full of self-serving spineless cowards, there would be HUNDREDS of crimes to investigate. From Fannie and Freddie, to Deepwater Horizon/NALCO/Petrobas, to Fast and Furious, to the dozens of “Green” heists, to forged birth certificates and stolen identities, to ACORN, to the U.S. taxpayer reimbursing the Unions after they spent all their members’ pensions on Democrat campaigning…

    The list IS ENDLESS.

    These thieves make Kenneth Lay (of GREEN energy company ENRON, friend of Bill Clinton) and Bernie Madoff look like schoolyard lunch-money bullies.

    Alas, the legal world is full of cowards. Will nobody arrest these people?

  19. I don’t understand it. Obama was out just yesterday saying that for three years, he’s tried to create a jobs plan but every time he did, the evil Republicans played po-po-po-politics and dastardly blocked his utopian efforts.

    Seriously, how can this information reconcile with the facts that Obama didn’t get a jobs plan before? He just told us that. Is someone in the news media making it up and claiming he’s had prior jobs plans? That wouldn’t be nice, given they’d be trying to make it look like he’s done this before, obviously to no positive benefit.

    I know exactly what the President’s been saying this week on not getting a chance. Does the media?

  20. This payoff to the Green Mafia is not “sustainable”, a concept they love to scold the rest of us about.



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