|U.S. Government Funds Manufacturing Jobs Overseas|
|by Tom Pauken||Mon, Oct 31, 2011, 09:08 AM|
A government-guaranteed loan to a so-called green energy company Solyndra has been in the news lately. Solyndra was supposed to employ thousands of Americans in the production of solar panels and received federal loan guarantees from the Obama administration in excess of half a billion dollars. Now, the company has filed for bankruptcy, and the American taxpayers are expected to get little or nothing back from this dubious investment.
Solyndra wasn’t the only questionable investment made by the Obama administration under its “green energy” initiative. The latest example to emerge, Fisker Automotive, also received loan guarantees of more than half a billion dollars in late 2009 ostensibly to make capital investments in order to begin domestic production of energy-efficient, economy-class cars at a former General Motors factory in Delaware. The Department of Energy approved the loan of $528 million in 2009 as part of a larger package of government venture capital investments in the relatively young clean-tech auto industry. At the time, Energy Secretary Steven Chu said, “This investment will create thousands of new American jobs and is another critical step in making sure we are positioned to compete for the clean energy jobs of the future.”
If only that were true.
In October, Americans marveled at the debut of the Fisker Karma, a flashy sedan that more closely resembles a hotrod than the more conservative hybrid cars we’re accustomed to seeing on the road. As impressive as it was with all of its bells and whistles, critics have noted the absence of one important feature – the “Made in
“We're not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. "That’s why we went to
Adding insult to injury, Fisker Auto recently announced that the start date for production of its economy-class model – the model that was supposed to start production in
Between 2000 and 2010,
One idea to correct this was proposed by
Tom Pauken is the chairman of the
written by Penny , October 31, 2011
Republicans block ending offshore jobs tax breaks
Sep 23 2010
WASHINGTON (Reuters) - Senate Republicans blocked a Democratic bill on Tuesday to end tax deductions enjoyed by companies that close their U.S. plants and move overseas.
written by USAonlydotUS , November 01, 2011
I have done some digging on the "other" solar companies and how they are nothing but Political Incest Gone Wild. Please check my website for Made in USA Products, www.USAonly.US
My Blog is Mark, my Words. There are 3 Solar scams listed.
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