Tuesday, May 1, 2012
Obama Ad Celebrates the President’s Clean Energy Programs
SHAW--Why would Obama adverize his failed Clean Energy programs that have cost all of us BILLIONS? Who brags about utter Failure but someone who has lost all ties to reality.
A crazed Obama is even more dangereous than the ego driven Obama.
FrBeacon A new Obama campaign ad accusing Republican presidential nominee Mitt Romney of shipping jobs overseas celebrates the president’s clean energy program, which has given taxpayer-guaranteed loans to foreign-owned companies and firms that manufacture their products outside the United States.
The ad, unveiled Tuesday, includes a map of the country touting the “jobs created by President Obama’s clean energy initiatives,” and which appears to be based on a map featured on the website of the Department of Energy Loans Program Office.
The ad aims to contrast the president’s record with that of Romney, who is alleged to have “shipped American jobs to places like Mexico and China” as CEO of Bain Capital.
Though the map in the ad omits mention of Solyndra and Beacon Power Corporation, companies that went bankrupt despite receiving a combined $578 million in taxpayer guaranteed loans, it does include a number of taxpayer-funded firms that needed tens of millions of dollars to create a single permanent job and are either foreign-owned, manufacturing their products overseas, or on the brink of financial collapse.
Obama’s “clean energy initiatives,” as highlighted in the ad, include three taxpayer-guaranteed loans to Spanish clean energy conglomerate Abengoa worth $2.78 billion to create 195 permanent jobs (a rate of more than $14 million per job), as well as a $529 million loan guarantee to Fisker Automotive, a fledgling electric car company that manufactures its products in Finland and recently announced another round of layoffs in the hope of securing more taxpayer funding.