US Action News

Obama is sending green jobs to Finland, Malaysia, or Mexico and billions of our tax dollars to Spain, Britain, and even China.

Obama’s nominees are very likely to advance his Hard Green agenda of replacing hydrocarbons with expensive renewable energy, closing more onshore and offshore public lands to energy development and other economic activities, and ensuring that electricity and gasoline prices rise even further.

Losing another $249 million taxpayer dollars, A 123 Systems adds to the growing list of “green” companies that Obama has squandered our money on. At least $16 BILLION of the giveaways have gone to companies with ties to Obama contributors or those with ties to other prominent Democrats. Obama continues to push the green schemes despite the fact that no global warming has occurred for 16 years. Can we afford four more years of economic suicide?

“Eliminating the fear that the world is running out of oil eliminates an urgency to experiment with or to implement alternative fuels including biofuels, wind energy, and solar energy as long as these energies remain less energy-efficient, less reliable, and more costly than using oil and natural gas.”

In 2010 wind energy technologies received $5 billion in federal (taxpayer) subsidies, or $56.29 per megawatt-hour of electricity actually generated, and photovoltaic solar power received $968 million or $775.64 per mWh of actual electricity – while reliable natural gas-generated electricity received a paltry 64 cents per mWh.

It turns out that 21 firms represent the 26 projects (the 7%) that were funded by the DOE’s 1705 Loan Guarantee Program, of which 23 were junk rated.

Harry Reid’s $1.3 billion in federal funds funneled into geothermal, solar and wind projects since 2009 in Nevada has cost of over $4.6 million per job.

So how did such a poorly rated, non-American company get billions in US taxpayer loan guarantees? Can you say “crony corruption?” – Townhall.com

Reelected? Obama should go to jail. Paying off campaign supporters with $500 MILLION taxpayer dollars that have to be borrowed even over the objections of his own administration is such a travesty of justice and such blatant bribery that Obama and Lew and everyone else involved should go to prison.

At this point, supporters of the Obama Administration’s loan program have little else to say except, “Bush did it too!”