President’s proposal to deal with the high gas prices he wanted in the first place? Algae.
Yeah…algae.
Can the Republicans really screw this up in a year when gas will possibly hit $5? You better believe it.
Obama in SOTU: We partnered with private sector for electric car batteries. “Partner”: We’re filing for bankruptcy.
And ObaMao’s Reverse Midas touch continues:
An Indiana-based energy storage company that received a $118.5 million stimulus-law grant from the Energy Department filed for bankruptcy Thursday.
Ener1 is asking a federal bankruptcy court in New York to approve a plan to restructure the company’s debt and infuse $81 million in equity funding. …
The Energy Department, in 2009, approved a $118.5 million stimulus-law grant for EnerDel, a subsidiary of the company that develops lithium-ion batteries used in electric vehicles. The grant was part of a broader program aimed at promoting the development of electric-vehicle battery technology.
President Obama touted the program in his State of the Union address this year.
“In three years, our partnership with the private sector has already positioned America to be the world’s leading manufacturer of high-tech batteries,” he said.
The company is now trading for $0.02 per share. That’s our money, going down the crapper for more “green energy” boondoggles.
Please get this jack#ss out in November…we can’t afford four more years of this idiocy.
Obama: You know what creates more jobs that jobs do? Jobless benefits, that’s what!
ObaMao addresses the bitter clingers in PA:
President Obama said that he will delay his vacation and keep Congress in session until the passage of his desired payroll tax cut and unemployment benefits extension — two proposals that Obama said would create more jobs than the Keystone XL pipeline that his administration recently delayed.
“I would not ask anyone to do something I’m not willing to do myself,” Obama said when asked if he would go on vacation while keeping Congress in Washington D.C. “We are going to stay here as long as it takes [to get unemployment extended and pass the payroll tax cut].”
As Obama called for passage of those bills, he also responded to a recent Republican push to require him to approve the construction of the Keystone XL pipeline from Canada. “However many jobs might be generated by a Keystone pipeline,” he said, “they’re going to be a lot fewer than the jobs that are created by extending the payroll tax cut and extending unemployment insurance.”
Uh…whiskey tango foxtrot?
You’ve got a project that will actually create jobs, and this economic ‘tard is claiming that giving people money NOT to work, and extending tax cuts to people who are ALREADY at work, is going to create more than the zero jobs we know that it will?
Wow…just friggin’ “Wow!”
Obama’s crony capitalism fail: “green” energy company that got a half billion dollars of our money files for bankruptcy
Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.
“I was told by a security guard to get my [stuff] and leave,” one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.
Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.
Well, fortunately, the leftist-in-chief had the foresight to keep taxpayer “stimulus” dollars away from this craphole. Or not.
Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said “it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. “
The federal government offered $535 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.
Huh. Seems like another “green jobs” boondoggle that blew up in his face. Go figure.
Obamanomics = Epic Fail.
An Obama promise kept: electricity rates will “necessarily skyrocket”
Back in 2008, he promised that if he were elected, he would definitely jack up our power bills to combat the nonexistent threat known as global “warming” (or “climate change” when it’s -12 degrees outside).
Did you think he was kidding, America? If so, the joke’s on you:
Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.
The reason: Pending environmental regulations will make coal-fired generating plants, which produce about half the nation’s electricity, more expensive to operate. Many are expected to be shuttered.
The increases are expected to begin to appear in 2014, and policymakers already are scrambling to find cheap and reliable alternative power sources. If they are unsuccessful, consumers can expect further increases as more expensive forms of generation take on a greater share of the electricity load.
The story goes on to show that not only will people be forking money over to the power companies, but to city and county governments who will also be incurring costs that they aren’t going to be eating.
I can see the campaign slogan now:
“Higher gas and power prices. Higher unemployment. HIgher health care costs. Inflation. Insolvency. Obama-Biden 2012. You’re welcome.”
Obama cites California as economic and energy model?
You. Must. Be. Friggin’. Kidding.
It takes mega-stones and mini-brain cells to do this:
While promoting his new cap-and-trade energy tax bill, which passed the U.S. House last week, President Obama revealed in a White House address on Monday his model for the nation’s economy – California. “In the late 1970s, the state of California enacted tougher energy-efficiency policies,” Obama said, noting that the state and its residents use less energy today per capita than the national average. “Think about that,” he said, “California producing jobs, their economy keeping pace with the rest of the country and yet they’ve been able to maintain their energy usage in a much lower level than the rest of the country.”
Uh…what? Californiastan “producing jobs”? Their “economy keeping pace with the rest of the country”? Is he serious?
And just how has Cali “been able to maintain their energy usage in a much lower level than the rest of the country”?
Between 2000 and 2007, before the current recession, the state shed nearly 21 percent of its manufacturing jobs, driving down its industrial electrical consumption by 21 percent. California’s industrial users pay electric rates twice as high as their Midwestern counterparts – which helps explain why so much heavy industry has fled the state. In addition to alienating its industry, California has also curbed energy use through exorbitant residential electric rates (50 percent higher than the national average) and massive net out-migration. Between 2005 and 2007, 2.14 million Californians moved to other states, while only 1.44 million people from elsewhere moved to the Golden State, according to the U.S. Census Bureau. Don’t be surprised when the 2010 Census finds even more people leaving to escape California’s 11.5 percent unemployment. And, as jobs and residents fled California, its tax revenues have declined, while its politicians went on a spending binge, creating a severe budget crisis.
“Hey, let’s emulate a state that is about to go bankrupt, that has resorted to paying with IOU’s, whose bond rating is trashed, that has endured rolling blackouts, that has unemployment at 11.5% (nearly two full points higher than the rest of the country), and that is financially stupid at all levels!”
The Hotel California: You can check out anytime you like, but you can never leave.
Quote of the day, “Obama’s Energy Czar” edition
Here is but a small portion of the exchange between Steve Doocy of Fox and Friends and Carol Browner, Oprompter’s Energy Czar, on whether or not she’s read the cap-and-tax energy killer bill that the House passed last week:
STEVE DOOCY: “[I] know the bill is over 1,000 pages long. Have you have read it?”
CAROL BROWNER: “Oh, I’m very familiar with this bill.”
DOOCY: “Have you have read it?”
BROWNER: “We have obviously been watching this for a very long time. I am very …”
DOOCY: “I’m sure you’ve got an idea of it, but you have read it?”
BROWNER: “I’ve read major portions of it, absolutely.”
DOOCY: “So the answer no you haven’t read it. But you’ve read a big chunk of it.”
BROWNER: “No, no, no that’s not fair. That’s absolutely not fair.”
DOOCY: “No, I’m just asking you if you read the thousand pages.”
BROWNER: “I’ve read vast portions of it.”
Got that? Asking the “Energy Czar” if she read the bill of which she’s a huge proponent is “not fair”! Thanks for the clarification, Carol.
By the way, here is a service I’m providing for you, my loyal readers, free of charge (you’re welcome): a translation from Beltway-ese to English. Translation in bold:
“Oh, I’m very familiar with this bill.” (“I first heard about it on MSNBC the night that it passed. It gave Chris Matthews a thrill up his leg.”)
“I’ve read vast portions of it.” (“I’ve read more of it than any member of Congress did…which is to say, I read the bill’s title, and that’s it.”)
We’re in good, capable hands with our nation’s energy infrastructure, folks. For those of you on the left, the prior sentence was sarcasm.
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