PRESIDENT OBAMA’S “POLICY INITIATIVES” ARE A FAILURE…
Just as our title implies, it will be years perhaps even decades before the chaotic menagerie of Obama’s sometimes held close to the breast pocket, without very many people in Washington D.C, or clearly elsewhere having even the slightest bit of knowledge of what this man has been capable of doing.
Far be it from me, who says that everything done on domestic improvements within the Nation should as a matter of due-diligence be directed toward the American people if, for nothing else, the very feedback the president’s advisors, policy experts, and need based function people (perhaps even unknown) can render their reasons for public policy enhancements or how about “shovel ready jobs.”
I will admittedly agree that if as in the 1970s one was being charged $95.00 per toilet seat when the real cost was $1.50 and so forth with nails, and just about every government contract, without proper checking either through one’s “people” or making sure the matters are well in control. There can be only a few words that can simply identify that incompetence, and corruption is the first that comes to mind.
I also openly admit that through The Heritage Foundation and their distinguished blog, The Foundry, information is now being released. As for me I am not sure if this man and those he surrounds himself with are really as stupid as they have proven they are, it just seems to me that imagine that you are the President. And you have worked for months coming up with the name which was The American Recovery and Reinvestment Act that he knew well in advance he would be needing the funds. I am only able to cover a portion of these findings, however, I will post another page if you care to see what this person has done.
As a follow up to the Green Graveyard overview, this post provides additional information concerning the funding for each of the now-bankrupt green energy companies. In one of the most extensive compilations to date, Heritage has identified 19 bankrupt green energy companies that were unable to succeed even with the government’s promise to provide generous financial assistance totaling a whopping $2.6 billion.
1. Abound Solar: George W. Bush’s Administration first offered this Colorado-based company federal assistance in 2007 to the tune of $3 million as well as a $400 million loan guarantee. Before announcing bankruptcy in June 2012, Abound was promised an additional $374.6 million from the Obama Administration. The company was also offered $12.6 million in federal tax credits. During its short-lived heyday, Abound received the distinction of ranking 17th out of “100 Recovery Act Projects That Are Changing America.”
Government’s Bad Bet: $ 790.3 million
2. Solyndra: Despite the fact that Vice President Joe Biden once hailed this now-infamous company and its $535 million loan guarantee as an “unprecedented investment this Administration is making in renewable energy and exactly what the Recovery Act is all about,” Solyndra succumbed to Chapter 11 status in September 2011. That’s two short years after being offered federal financial assistance. Despite supportive statements and visits from top Obama Administration officials, Solyndra was unable to avoid its fate in the Green Graveyard.
Government’s Bad Bet: $570 million (includes federal loans and state tax breaks not listed)
3. A123 Systems: Having been showered with visits from a host of elected and government officials during the Obama Administration (then-Speaker of the House Nancy Pelosi (D-CA), Energy Secretary Steven Chu, and Representative Ed Markey (D-MA), to name only a few), government funding for A123 actually began in 2001 during the Bush Administration. The company declared bankruptcy in October 2012, a little over one year from the date that President Obama offered this encouraging remark: “There is A123, a clean energy manufacturer in Michigan that just hired its 1000th worker as demand has soared for its vehicle components. Companies like these are taking root and putting people to work in every corner of the country.” And this isn’t the only form of praise A123 received. Secretary Chu called A123 “a great example of how we are working with industries to create jobs, strengthen our manufacturing industry, and help our auto companies compete in the global market.” In fact, A123 is also still listed as a “Hall of Fame” company on the Small Business Innovation Research website.
Now how can these alleged experts, advisors, and policy analyst be making the unabashed biggest mistakes in the totality of their professional careers. Again if you were president – wouldn’t you at least find out who the best most accountable accountant there was to hire. No kidding here gang, I sit and read reports of the staff at Heritage Foundation, it is simply amazing how often one of their scholars get it ALL right.
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