#Obama’s Green Boondoggles Billions Spent on Bankrupt Companies

 Barack Obama, Eco-Nazis  Comments Off on #Obama’s Green Boondoggles Billions Spent on Bankrupt Companies
Feb 082014
 

Obama’s Clean Energy Investments Are “A Case Study Of What Can Go Wrong When A Rigid Government Bureaucracy Tries To Play Venture Capitalist.” “The Obama administration’s vaunted initiative to catalyze the U.S. clean-energy industry — under attack for betting half a billion dollars on the solar-panel manufacturer Solyndra, which closed last month — has become a case study of what can go wrong when a rigid government bureaucracy tries to play venture capitalist and jump-start a nascent, fast-changing market.” (Steven Mufson And Carol D. Leonning, “Some Clean-Energy Firms Found US Loan-Guarantee Program A Bad Bet,” The Washington Post, 9/26/11)

In August 2011, Solyndra Announced That It Would File For Bankruptcy, “Immediately Laying Off 1,100 Employees.”“Solyndra, a Fremont solar tech manufacturer, announced Wednesday it is suspending operations and immediately laying off 1,100 employees. The company said it will also file for bankruptcy.” (George Avalos, “Fremont Solar Tech Firm Solyndra To Shut Down, Lay Off 1,100 Workers,” The San Jose Mercury News, 8/31/11)

  • A Total Of 1,861 Workers Were Laid Off By Solyndra As It Went Bankrupt. “Since September 1, 2010 (impact date), an estimated 1,861 workers have been separated from the firm.” (Employment And Training Administration, “Investigative Report TA-W-80,410; Solyndra LLC,” Department Of Labor, 9/12/11)

In November, Fisker Automotive Filed For Chapter 11 Bankruptcy. “Fisker Automotive, the moribund maker of the Karma plug-in hybrid sports cars that was backed with a loan by the U.S. government, filed for Chapter 11 bankruptcy protection on Friday after lengthy efforts by investors to salvage the company.” (Deepa Seetharaman And Timothy Gardner, “UPDATE 2-Fisker Files Chapter 11 As Investor Group Buys Company,” Reuters, 11/22/13)

  • Reuters’ Headline: “Fisker Automotive Failure Could Hit U.S. Taxpayers For Years To Come.” (Tom Hals, “Fisker Automotive Failure Could Hit U.S. Taxpayers For Years To Come,” Reuters, 11/25/13)

 

Poverty Under #Obama, Appalling

 Barack Obama  Comments Off on Poverty Under #Obama, Appalling
Feb 082014
 

These are using the government’s statistics. These numbers are horrendous:

Bloomberg: “Statistics Released Today By The Census Bureau Present A Portrait Of A Stagnant Economy With Poverty Remaining High And Incomes Sluggish Four Years Into The Recovery.” “Statistics released today by the Census Bureau present a portrait of a stagnant economy with poverty remaining high and incomes sluggish four years into the recovery from the worst slump since the Great Depression.” (John McCormick, “U.S. Poverty Remains High As Incomes Stall,” Bloomberg, 9/17/13)

Since President Obama Took Office, Median Household Income Has Declined By $3,827 From $56,124 In January 2009 To $52,297 In December 2013. (Gordon Green and John Coder, “Household Income Trends Series: November 2013,” Sentier Research, 1/23/13)

Per Capita Income Shrank By $2,030 Since Obama Became President, A 6.9 Percent Decline. (U.S. Census, Accessed 1/13/14)

The Poverty Rate Has Increased To 15 Percent, From 13.2 Percent, Since Obama Became President. (U.S. Census, Accessed 1/13/14)

The Number Of People In Poverty Reached A Record Level Of 46.5 Million In 2012 After 6.7 Million Had Fallen Into Poverty Since Obama Became President. (U.S. Census, Accessed 1/13/14)

 

#Obama: Drive Up Gas Prices

 Barack Obama, Eco-Nazis  Comments Off on #Obama: Drive Up Gas Prices
Feb 072014
 

When Obama Became President, Gas Prices Were $1.89. (U.S. Energy Information Administration, Accessed 1/22/14)

Since Obama Became President, Gas Prices Have Increased By $1.49. (U.S. Energy Information Administration, Accessed 1/22/14)

Obama also is single-handedly shutting down the Keystone XL Pipeline – this will cause Canada to send its’ Oil Elsewhere.

The White House Has Failed “So Far To Approve The Keystone XL Pipeline From Alberta To Nebraska, Which Would Help Carry Crude From Canada To United States Refineries On The Gulf Coast.” “Officials say the White House’s failure so far to approve the Keystone XL Pipeline from Alberta to Nebraska, which would help carry crude from Canada to United States refineries on the Gulf coast, has dampened the faith of prime minister Stephen Harper in deeper North American integration: Canada is looking across the Pacific for oil markets.” (“Ready To Take Off Again?” The Economist, 1/4/14)

Canadian Prime Minister Stephen Harper: Obama Has “Punted” On Keystone. “‘He’s punted,’ Harper said of Obama in an interview at an event today hosted by the Vancouver Board of Trade. ‘He said, ‘Maybe.’” (Andrew Mayeda And Christopher Donville, “Harper Says Obama Punting Won’t Stop Keystone XL,” Bloomberg, 1/6/14)

ABC’s Jon Karl To White House Deputy Press Secretary Josh Earnest: Is Obama Trying To “Run Out The Clock” On Keystone And Use A “Pocket Veto” By Delaying Approval? “ABC’s JON KARL: “Josh, I wasn’t even going to ask about Keystone, but what’s taking so long for this decision?” PRINCIPAL DEPUTY PRESS SECRETARY JOSH EARNEST:  “Well, I mean –” KARL: “I mean, this has been going on for years.  Why are we still—” EARNEST:  “It has.  Well, there have been a couple of times where the process got upended because of concerns that were raised by the Republican governor of Nebraska and the route that had been proposed.” KARL: “Yes, that’s ancient history, too.” EARNEST: “Well, but you said it’s going on for years, and that’s one of the things that slowed down the process.  So I think that demonstrates the commitment of the administration to get this right.  It demonstrates that there are people in both parties who have a range of views on this topic.  And what the State Department is doing is they’re reaching a determination of national interest.” KARL: “Is this a pocket veto? Is this basically like run out the clock?” EARNEST:  “That’s not something that should be taken lightly.  It certainly isn’t taken lightly by the President or his administration.” KARL: “So you’re not running out the clock? Because if you delay and then you don’t make a decision, it doesn’t get built, you know?” EARNEST: “That’s not how I’d characterize the ongoing policy process.” (White House Press Briefing, Washington, DC, 12/11/13)

Former Obama National SecurityAdvisor Tom Donilon: I Would Recommend That Obama Approve Keystone Pipeline. WALTER ISAACSON: “I know you’re not in the administration anymore, so maybe you could answer. Would you recommend for the keystone pipeline if you were there?” DONILON: “You know, I would.” (Tom Donilon, Remarks At Aspen Institute Forum, Washington, D.C., 1/7/14)

 

 

#Obama: Drive Up Energy Costs and Shut Down Coal Plants

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Feb 062014
 

In September, The Obama Administration Announced The “First Federal Carbon Limits On The Nation’s Power Companies.” “The Obama administration on Friday announced that it was not backing down from a confrontation with the coal industry and would press ahead with enacting the first federal carbon limits on the nation’s power companies.” (Michael Shear, “Administration To Press Ahead With Carbon Limits,” The New York Times, 9/20/13)

  • The Regulations Are “An Aggressive Move By Mr. Obama” That Will Bypass Congress. “The proposed regulations, announced at the National Press Club by Gina McCarthy, the administrator of the Environmental Protection Agency, are an aggressive move by Mr. Obama to bypass Congress on climate change with executive actions he promised in his inaugural address this year.” (Michael Shear, “Administration To Press Ahead With Carbon Limits,” The New York Times, 9/20/13)

As A Result Of New Environmental Regulations, Dozens Of Coal-Fired Plants Are Likely To Close Over The Next Decade.“Now the government and utilities are taking on what may be a stiffer challenge: reducing pollutants whose effects are harder to see, like mercury and greenhouse gases. As a result, dozens of coal-fired plants are likely to close over the next decade as utilities conclude it isn’t cost-effective to bring old coal generators into compliance with environmental rules.” (Rebecca Smith And John W. Miller, “The Future Of Coal: New Pollution Rules Choke Old Power Plants,”The Wall Street Journal, 1/7/14)

“The U.S. Environmental Protection Agency’s Long-Awaited Guidelines Are Expected To Make It More Difficult For New Coal-Fired Power Plants To Be Built.” (Valerie Volcovici, “U.S. EPA Sets First-Ever Curbs On Power Plant Pollution,” Reuters, 9/20/13)

Harvard University’s Daniel P. Schrag, One Of Obama’s Advisers On Climate Change, Said “A War On Coal Is Exactly What’s Needed.” “Daniel P. Schrag, a geochemist who is the head of Harvard University’s Center for the Environment and a member of a presidential science panel that has helped advise the White House on climate change, said he hoped the presidential speech would mark a turning point in the national debate on climate change.  ‘Everybody is waiting for action,’ he said. ‘The one thing the president really needs to do now is to begin the process of shutting down the conventional coal plants. Politically, the White House is hesitant to say they’re having a war on coal. On the other hand, a war on coal is exactly what’s needed.’” (John M Broder, “Obama To Outline Ambitious Plan To Cut Greenhouse Gases,” The New York Times, 6/25/13)

  • Schrag: “The One Thing The President Really Needs To Do Now Is To Begin The Process Of Shutting Down The Conventional Coal Plants.” (John M Broder, “Obama To Outline Ambitious Plan To Cut Greenhouse Gases,” The New York Times, 6/25/13)

 

#Obama: Carnage of Manufacturing Jobs

 Barack Obama, Eco-Nazis  Comments Off on #Obama: Carnage of Manufacturing Jobs
Feb 052014
 

According To A Former High-Raking Official In The Obama Administration, The Critics That Say That The Administration Didn’t Really Fight For A Manufacturing Policy “Have A Strong Point.” “But the divisions within the White House have often frustrated those who wanted a sharper focus on manufacturing. ‘The critics would say we didn’t really fight for manufacturing policy,’ said another former high-ranking official who took part in many of those meetings and who did not want to be named because the discussions were confidential. ‘They have a strong point.’” (Bill Vlasic, Hiroko Tabuchi, and Charles Duhigg, “In Pursuit Of Nissan, A Jobs Lesson For The Tech Industry?,” The New York Times, 8/4/12)

528,000 Manufacturing Jobs Have Been Lost Since Obama Became President. (“Employment Situation Report,” U.S. Department Of Labor Bureau Of Labor Statistics, Accessed 1/28/14)

The Bureau Of Labor Statistics Estimated Over 549,500 Manufacturing Jobs Will Be Lost Between 2012 And 2022.(“Employment Projections – 2012-2022,” U.S. Department Of Labor Bureau Of Labor Statistics, 12/19/13)

According To The Bureau Of Labor Statistics, Manufacturing Accounts For 15 Of The 19 Industries That Will Have The Largest Employment Decline From 2010 And 2020. (“Industry Employment And Output Projections To 2022,” U.S. Department Of Labor Bureau Of Labor Statistics, 12/19/13)

New Orders For Manufactured Durable Goods Fell By $10 Billion And Shipments Fell By $4.5 Billion In December 2013.(“Advance Report On Durable Goods Manufacturers’ Shipments, Inventories And Orders December 2013,” U.S. Department Of Commerce, 1/28/14)