Solyndra is just the tip of the iceberg

Obama's Green Tech 38.6 billion dollar boondoggle has created only a few thousand jobs.  The buck never stops at Obama's desk (but bucks flow to donors, allies, blue states, union workers operating under expensive Bacon-Davis mandates, and other political allies). From Carol Leonnig and Steven Mufson of the Washington Post: 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 new 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. There are a number of defenses that companies and administration officials give to justify the risks taxpayers have assumed. None of them sound solid. Here is one...(Read Full Post)

COMMENTS ON AMERICANTHINKER

RECENT VIDEOS