About those green jobs?
From Hans Bader writing at
The Examiner:
Obama, not Romney, is the Outsourcer-in-Chief
Despite the fact that Obama's own policies have wiped out countless jobs and resulted in other jobs moving to foreign countries, the Obama campaign today accused Mitt Romney of being the "Outsourcer-in-Chief." That was deeply ironic, because the Obama Administration has spent billions of tax dollars subsidizing the outsourcing of American jobs to foreign countries. Obama, not Romney, is the Outsourcer-in-Chief.
�79 percent� of all green-jobs spending in Obama�s $800 billion stimulus package went to foreign companies, with the largest payment going to a bankrupt Australian company. For example, the Obama Administration spent $1.6 billion on Chinese and other foreign wind power. The practical effect of those subsidies was to outsource American jobs. ABC News reported on the subsidies for Chinese wind turbines contained in the stimulus package:Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University�s School of Communication in Washington, D.C.
Nearly $2 billion . . . has been spent on wind power. . .But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.
�Most of the jobs are going overseas,� said Russ Choma at the Investigative Reporting Workshop. He analyzed which foreign firms had accepted the most stimulus money. �According to our estimates, about 6,000 jobs have been created overseas, and maybe a couple hundred have been created in the U.S.� Even with the infusion of so much stimulus money, a recent report by American Wind Energy Association showed a drop in U.S. wind manufacturing jobs last year.
The stimulus package showered money on left-wing community organizers and liberal lobbying groups.
The article goes on and then talks about Obama's relationship with General Electric:
The CEO of General Electric, which received government �green jobs� money, is a close Obama adviser. GE has been busy outsourcing American jobs, eliminating a fifth of its U.S. workforce since 2002. GE made $14.2 billion in profits in 2010, but paid no taxes at all, even though America�s corporate tax rates are among the highest in the world. Indeed, GE actually received a tax benefit of $3.2 billion from the government in 2010, and received a preferential bailout at taxpayer expense.
A bit more:
Democratic businessman Steve Wynn called Obama �the greatest wet blanket to business and progress and job creation in my lifetime,� saying that �the business community in this country is frightened to death of the weird political philosophy of the President of the United States. And until he�s gone, everybody�s going to be sitting on their thumbs.�
Time to move on...
Posted by DaveH at June 26, 2012 12:49 PM