Wednesday, July 11, 2012

Follow the money & jobs

The Truth About How Obama
Shipped The Recovery Overseas

Over his four years in office, Obama promised that he would focus on creating "jobs that pay well and can't be outsourced. ...taxpayers would be astonished to learn that their hard earned money went abroad for jobs that weren't created in the United States.

Electric Cars

Obama handed over billions of dollars in loan guarantees and stimulus awards pursuant to his goal of putting one-million electric vehicles on the road by 2015. Much of that money ended up leaving our shores. A $2.4 billion stimulus program to support battery production sent nearly half of its money to foreign firms...

Wind Farms

Obama's stimulus included over $8.5 billion in grants for wind farms that flowed overseas, despite Congressional criticism from both sides of the aisle. In total, over half of the money went to either foreign developers or foreign wind turbine manufacturers...

Loan Guarantees

Remember Solyndra? The problems with Obama's loan guarantee program don't end there. The largest recipient of Obama's program to jumpstart green energy projects was the Spanish Company Abengoa, which took in $2.7 billion in loan guarantees for three of its projects.

Manufacturing TaxCredits

As Obama was doling out over $2.3 billion in clean energy manufacturing tax credits that were supposed to create jobs in America, $880 million went to foreign firms.

More details at Obamanamics Outsourced

This has been the most expensive failed experiment in the history of the world!!!


∞ ≠ ΓΈ said...

Don't forget the...
$823,200.00 to South Africa for penis washing!


Anonymous said...

Yeah, but he is a Nobel Peace Prize winner....and he's black.

SpanishWarDonkey said...

It's Bush's fault all of these things happened.