| GM now apparently stands for "Green" Motors - and your tax dollars paid for that switch! |
We all know about the Chevy Volt, which costs $41,000 and has sold just 4,000 this year. Did you know that it actually costs GM $41,000 to make the car? Oh yeah, and the car uses both gas and electricity, which means that it most likely pollutes the environment more than a normal car (pollution involved in making the special batter + pollution from gasoline + pollution from coal-powered electricity = more pollution than just gasoline?)
GM is now planning to ramp up production of this failed vehicle, by increasing production to 60,000 vehicles next year. Astounding.
This isn't the extent of GM's new "green" initiative, far from it. Last year GM received more "green" energy patents than any other organization in the world. They also spent $3 million to install solar panels at a Volt manufacturing plant. This will save them a grand total of $15,000 a year in electricity expenses. Let's do the math: in order to recoup the cost of the installation through savings, it will take GM 200 years! Money well spent!
They're also planning a hybrid car for the Cadillac line. I'm sure it will be just as successful and cost-effective as the Volt.
American taxpayers gave GM about $26 billion dollars for their bailout. We still own 500 million shares of their stock, valued at about $25. At this price we stand to lose $15 billion. But why pay back the taxpayers who helped keep you in business when you can install solar panels?
So glad we were able to help them out (sarcasm).
CLICK HERE to DEMAND that Congress pull the plug on all "green" jobs loans until they can be properly investigated. Taxpayer dollars should not be going to industries that are not viable financially. It's a risk we're not willing to take and a risk the administration has no right to put us in.
Remember the "green" energy business which received $1.2 billion worth of your tax money? Well surprise, surprise; it's in trouble.
SunPower, the California solar power company that was going to build a new facility is now $820 million in debt, $20 million more than the company is worth. It was granted the $1.2 billion federal loan after it announced it would build a new plant in Mexico to build the solar panels for the project.
As Human Events points out, if SunPower were a bank with this much debt, the feds would shut it down. But because it's one of President Obama's pet projects, and because a Democrat Congressman and his lobbyist son are connected to the company, it receives YOUR money to stay afloat.
We can't keep giving out these loans, especially when so many of these companies can't survive without them. That is a risk taxpayers should not be forced to take.
CLICK HERE to DEMAND that Congress pull the plug on all "green" jobs loans until they can be properly investigated. Taxpayer dollars should not be going to industries that are not viable financially. It's a risk we're not willing to take and a risk the administration has no right to put us in.
Your tax dollars are about to be wasted again on more "green" jobs!
Remember how President Obama took $535 million from you and gave it to Solyndra, which then failed spectacularly? Remember how he also took more millions from you and gave them to SpectraWatt and Evergreen Solar, which also failed?
Well he wants to do it again.
This time the Department of Energy wants to hand out another $6.5 BILLION to more "green" energy companies. Yes, just like Solyndra. The administration projects that this money will create a grand total of 283 jobs. That's $23 million of your tax money PER JOB.
One such loan is in the amount of $1.2 billion for a project in California. Another loan will go to a company already worth billions. Why are tax payers giving them money when they clearly can afford it themselves?
That's because the "green" jobs movement is not about putting Americans back to work. It's about sounding politically correct and lining the pockets of Obama donors.
Since Spain went bankrupt subsidizing "green" jobs, one company, Iberdrola, has decided to move to the U.S. and set up shop here. Why? Because we are one of the few countries that subsidizes "green" energy.
See, this movement isn't about jobs. These companies just want the government handouts. Spain has already proven that the "green" jobs movement is a complete waste. When will President Obama understand that?
CLICK HERE to DEMAND that Congress pull the plug on all "green" jobs loans until they can be properly investigated. Taxpayer dollars should not be going to industries that are not viable financially. It's a risk we're not willing to take and a risk the administration has no right to put us in.
Solyndra" - President Obama, 2010
Solyndra is "exactly what the Recovery Act is all about"
- Vice President Joe Biden, 2009
| "Green" jobs are a green bust! |
President Obama wasted more than half a billion of YOUR taxpayer dollars on a politically motivated handout to a now bankrupt company.
Alternative energy is not a viable business at this time, especially in America. But President Obama has declared "green" jobs the jobs of the future, and refuses to back down from his belief that these are the only jobs worth creating.
He's lost a total of $540.8 MILLION of your HARD EARNED CASH, yet he's about to double down!
The Department of Energy has allowed a new, $1.2 BILLION, loan for a massive new solar panel project in California. The loan is more than double those three previous failed loans combined. When will this administration learn that they're not picking winners and losers, they're just picking losers. Winning companies don't need the government to prop them up.
CLICK HERE to DEMAND that Congress pull the plug on all "green" jobs loans until they can be properly investigated. Taxpayer dollars should not be going to industries that are not viable financially. It's a risk we're not willing to take and a risk the administration has no right to put us in.
The FBI raided Solyndra, believing that the company misled the government in order to receive their loan.
How many more Solyndras are out there?
The loan to Solyndra was put on a fast-track approval process. One of Solyndras largest investor was a huge donor to President Obama. How many of the other solar loans have been given to President Obama's donors?
How can we feel safe as taxpayers if we know that our President is giving our money away to companies just because they donated to him?
The Office of Management and Budget (OMB) repeatedly warned the administration that the Solyndra loan was too risky.
PricewaterhouseCoopers said there was "substantial doubt" about Solyndra's viability. Yet our government gave them money anyway.
The loan was supposed to create over 1,000 new jobs in a new facility, but according to employees at Solyndra, "everyone knew that the plant wouldn't work."
The business model for Solyndra was a belief that they could make a product for $6 and sell it for $3 (obviously not that cheap, but you get the idea.)
CLICK HERE to DEMAND that Congress pull the plug on all "green" jobs loans until they can be properly investigated. Taxpayer dollars should not be going to industries that are not viable financially. It's a risk we're not willing to take and a risk the administration has no right to put us in.
The Government Accountability Office (GAO) says the Obama Administration didn't do their due diligence in researching Solyndra before the loan went out.
They clearly didn't properly research Evergreen Solar or SpectraWatt either.
That's because President Obama has hinged his entire Presidency on the viability of "green" jobs. It's all he proposes; it's why he wants to raise your taxes. He believes that the only jobs in the future are "green" jobs.
His first stimulus gave handouts to companies involved in "green" energy industries. All that construction money that was given out? It was mostly to make towns and buildings more energy-efficient or "green."
His second stimulus is also all about "green" jobs. If you listened to his speech, you'd noticed that he never once said the word "green." Why would he? With Solyndra collapsing and demand for solar panels steadily low, it's not a great confidence booster.
But that is what his jobs plan is all about.
Most of the money in his new stimulus will again go to construction and "modernization" aka "green" jobs. Specifically his plan to renovate schools with energy-efficient upgrades.
Why should taxpayers be throwing even more money at an industry that is clearly not a winner?
The "green" industry is not worthy of taxpayer dollars. There's no demand. Solar panels are expensive and takedecades to pay for themselves. There's no point in the government being involved. Things like this happen.
CLICK HERE to DEMAND that Congress pull the plug on all "green" jobs loans until they can be properly investigated. Taxpayer dollars should not be going to industries that are not viable financially. It's a risk we're not willing to take and a risk the administration has no right to put us in.
Thanks to President Obama's "green" jobs loans, one new permanent job has been created for every $5.5 millionspent. Is that money well spent?
Now he has a plan out to tax you and your family, actual job creators and the wealthy even more to pay for what? More "green" loans?
Americans can't afford that. The industry is a bust and continuing to give handouts to companies that can't survive without them is a waste of taxpayer dollars and an insult to every American who pays taxes.
Our money is being squandered and President Obama has no plans to stop.
We cannot let this man continue to give failing companies handouts while American spirals towards bankruptcy. We need to stop these loans since apparently President Obama will not. Please Fax every Member of Congress now and tell them to stop these loans from going out!
Conservative Action Alerts
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P. S. President Obama has unveiled a new jobs plan and debt reduction plan with one goal in mind: raise your taxes in order to spend more on "green" energy. Please CLICK HERE to FAX every Member of the U.S. Congress to tell them that "green" jobs are a waste of money and to look for REAL growth policies!
AS ALWAYS, You can also CLICK HERE to send a FREE message directly to YOUR U.S. Representative and Senators!
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