For all the talk about "changing" America to a green economy and leading the world in environmentally friendly technology, we get this..

Another load of BS propagated by the BS'er in chief..

How could this grandiose idea of a vibrant "green" economy fueled by high paying "green" jobs fail?

I mean... Spain tried to ruin their economy with their socialist green initiatives and it ended up with was 20% unemployment..

I say... Mission Accomplished!!!!



'Green' jobs no longer golden in stimulus


Environmental projects fail to live up to hype.

Noticeably absent from President Obama's latest economic-stimulus package are any further attempts to create jobs through "green" energy projects, reflecting a year in which the administration's original, loudly trumpeted efforts proved largely unfruitful.

The long delays typical with environmentally friendly projects - combined with reports of green stimulus funds being used to create jobs in China and other countries, rather than in the U.S. - appear to have killed the administration's appetite for pushing green projects as an economic cure.

After months of hype about the potential for green energy to stimulate job growth and lead the economy out of a recession, the results turned out to be disappointing, if not dismal. About $92 billion - more than 11 percent - of Mr. Obama's original $814 billion of stimulus funds were targeted for renewable energy projects when the measure was pushed through Congress in early 2009.

Even some of the administration's liberal allies have expressed skepticism over the original stimulus package's use of green investments as a way to spur quick employment growth at home.

"Spending on renewables is slow to get out of the door. Leaks to foreign companies is an inadequate driver of jobs and growth and may not create a strong exporting industry," said Samuel Sherraden, an economic analyst at the New America Foundation, a Washington-based progressive think tank.

Only about $20 billion of the allotted funds have been spent - the slowest disbursement rate for any category of stimulus spending. Private analysts are skeptical of White House estimates that the green funding created 190,700 jobs.

The Department of Energy estimated that 82,000 jobs have been created and has acknowledged that as much as 80 percent of some green programs, including $2.3 billion of manufacturing tax credits, went to foreign firms that employed workers primarily in countries including China, South Korea and Spain, rather than in the United States.

Peter Morici, a business professor at the University of Maryland, said much of the green stimulus funding was "squandered."

"Large grants to build green buildings don't generate many new jobs, except for a few architects," he said. "Subsidies for windmills and solar panels created lots of jobs in China," but few at home.

In one of several embarrassing disclosures for the administration, a report last fall by American University's Investigative Reporting Workshop found that 11 U.S. wind farms used their grants to purchase 695 out of 982 wind turbines from overseas suppliers.

http://www.washingtontimes.com/news/2010/sep/9/green-jobs-no-longer-golden-in-stimulus/

just another aspect of of barry the wonder muslim not knowing what he's doing...just throw money at it and it goes away...

But, he is improving the economy.
Of;
China, Africa, Japan, Mexico.

He never, ever said who's economy he would fix.

The Gov. shills will soon be along to inform the misinformed.

threads on the economy are avoided by the left wingers at all costs.

they can't claim the economy is racist and it's been too long since Bush was in office to have any shred of creditability blaming him..

If it's not about muslims or the tea party they avoid it..

south korea too

Green Jobs...


Green like money?

not sure what a left winger is,, and I am not personally an ECONOMICS major or expert, but here is more food for thought thought(complete with charts and everything...lol)

http://www.cbpp.org/cms/index.cfm?fa=view&id=3036

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
That's a prime example of Left-winged blame Bush propaganda.

Shilling don't fly.

I think I got Salvaniller reading that.

well, it boils down to picking ur expert I guess

even experts dont agree on many things,, for whatever its worth

OMG..you mean there was a politician who didnt keep his campaign promises...???

What is the world comming to...???? its ARMAGEDDON....run, run for the hills.....!!!!!

lol, I have often proposed the idea that government and politics classes teach the difference between a promise type promise that one person can commit to , and a politician type promise that can only be seen as a promise to do something about the issue because the government has no one politician that both implements and excutes laws and policies,,,

I still think it's a great idea to go solar. Anything to get us off burning coal and oil, too primative. Even though the bid went to a company from Spain, there are many jobs & components that will be built by Americans.

Look at Toyota. Sure they are a Japanese company but they have plants here in the US building cars & tracks that employ thousands of American workers.

And I don't think President Obama is to blame for the bids going to a foriegn company...I say shame on American companies that haven't got their act together or don't give a fluck about American workers.

Here is an article from AZ Central.


Arizona solar plant gets big boost from feds

Obama approves $1.45 billion for construction of largest solar plant in the world to be built in Arizona

President Barack Obama announced Saturday that the federal government will provide a $1.45 billion loan guarantee through the stimulus act for the Solana Generating Station solar-power plant in Gila Bend.

The plant will be one of the largest solar projects in the country and the first to store heat on a large scale so that it can continue to make electricity after sunset. Its developers have struggled for two years to find a decent loan amid the recession.

Obama discussed the loan guarantee in an advance copy of his Saturday radio address provided to The Arizona Republic. The deal gives the plant the assistance it will need to finally move ahead.

The plant could now open by mid 2013 after originally being scheduled to open in 2011.

The plant will sell its power to Arizona Public Service Co., helping Arizona’s largest electric utility meet a state requirement that it get 15 percent of its energy from renewable power sources by 2025.

“We’re going to keep fighting to advance our recovery,” Obama said. “And we’re going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America. That’s one of the reasons why we’re accelerating the transition to a clean energy economy and doubling our use of renewable energy sources like wind and solar power – steps that have the potential to create whole new industries and hundreds of thousands of new jobs in America.”

Solana will be built and operated by Abengoa Solar Inc. of Spain.

“After years of watching companies build things and create jobs overseas, it’s good news that we’ve attracted a company to our shores to build a plant and create jobs right here in America,” Obama said.

The 280-megawatt plant will be able to generate enough electricity to serve 70,000 houses at once when running at full capacity, and will be able to make power during the peak hours of demand from about 4-7 p.m. when traditional solar panels generate little electricity the low light of dusk.

The entire cost of designing, building and connecting the plant to the power grid is about $2 billion.

Work could begin by the end of summer, said Kate Maracas, vice president of operations for Abengoa Solar, and that wouldn’t be happening without the loan guarantee that gives the company access to funds from the Federal Finance Bank.

“It would have been a completely viable project without the crash of the markets,” Maracas said. “But lenders became very skittish.”

She said Abengoa has been working more than a year with the Department of Energy on the loan.

“There’s no doubt in this economy the only way to actually finance a large solar project is through the loan guarantee program,” said Rhone Resch, president of the Solar Energy Industries Association in Washington, D.C.

“Obviously the recession has caused a tremendous amount of pain for individuals, but also for businesses trying to borrow money.”

Resch said the loan guarantees provide a “good return” to the taxpayer because the companies that get them must pay interest to the government.

“The good news is these are very low-risk loans,” he said. “Ultimately it is a good investment with a safe return to taxpayers, but also producing jobs and clean energy.”

He said any other large solar plants likely would need similar guarantees in the current market.

U.S. Rep. Gabrielle Giffords, D-Ariz., helped convince the administration to provide the loan guarantee.

“This historic facility will allow 70,000 Arizona homes to be powered with clean, renewable energy from the sun,” Giffords said. “The plant also will create construction jobs and skilled permanent jobs which will add substantially to the Arizona economy.”

It will take about 1,600 people to build the plant and 85 to run it.

Solana will cover about three square miles of previously farmed land with mirrors that reflect sunlight onto gas-filled tubes. The heat is used to make steam and then electricity.

The plant will use less water than the crops that were grown on the farm.

American companies will earn about $1.1 million in revenue making components for Solana, including two assembly factories to be constructed at the plant. A new mirror manufacturing facility will be sited near Phoenix to supply the plant, employing about 150 people, according to the White House announcement.

About 97,000 receivers will be made for the plant at Schott Solar’s factory in Albuquerque.

Obama also announced a $400 million loan guarantee for Abound Solar, which plans to build solar-panel factories in Colorado and Indiana. The Colorado plant is underway and the other will occupy a vacant Chrysler factory.

“Already, I’ve seen the payoff from these investments,” Obama said. “I’ve seen once-shuttered factories humming with new workers who are building solar panels and wind turbines; rolling up their sleeves to help America win the race for the clean energy economy.”

Read more: http://www.azcentral.com/business/articles/2010/07/03/20100703biz-abengoa0704-ONL.html

I'm not really sure what that has to do with spending stimulus money on "green" jobs that never materialized unless you count the ones created in foreign countries.

The site you posted is hardly what I would call an unbiased source of information. The Center on Budget and Policy Priorities was founded by Robert Greenstein who just so happened to work in the Carter and Clinton administrations.

David de Ferranti is the current chairman of the board and he has a close relationship with George Soros and his brother Paul..

I could go on, but I've made my point..

there is nothing wrong with pursuing alternative sources of power.

you just can't start putting people out of work and running up the cost of electricity before you have a viable alternative that is already functioning and producing.

Individuals buying solar panels is nice, but I doubt the vast majority of America can afford to follow suit..

The original argument for a rush into "green" energy was the global warming alarmists yelling the sky was going to fall if something wasn't done immediately.. I think with all the revelations concerning the corruption of the data we can take a step back from the immediacy and do it within a reasonable timeframe that doesn't completely finish off the manufacturing sector.

I'll just repost this for the right wing whiners...

they whined about the stimulus package from the start and now are whining that only 20 billion has been spent ...

whine whine whine ...

what a waste of time.

And I thought Obama was all angry at Arizona over their stance on illegal aliens!

It is not a shock to read something so flippant concerning the wasteful spending of $20 billion coming from a left winger..

You all think that the fiat currency just appears out of thin air for anyone to just reach up and grab it..

Silly left wingers...

The only jobs that are "green" are the ones who keep printing worthless money!!

My green job??.....pouring old used GREEN anti-freeze into the sewage system and into clean water streams.

i kinda want an orange job myself... as long as it pays green...