10/08/2012 4 Comments
Remember how we were told by the local left that the full implementation of AB-32 and the Federal Stimulus would create lots of green job in the US and in California? Here are some details from Master of Engineering Blog on where those jobs are not and how much the ones that were created cost the taxpayers. My comments in [ ]s
The 2009 stimulus directed around $90 billion toward green initiatives, including loan guarantees for green energy firms, money to weatherize homes, green jobs training grants, and many other projects. [Romney mention the $90 billion in his debate with Obama, who had no answers, and this is the reason why.]
In an audit released in September, the Department of Labor’s inspector general found that a $500 million program for training people with so-called green skills has so far produced only 1,336 jobs that have lasted over 6 months, with $163 million already spent. This amounts to $121,856 per successful green trainee.
The Obama administration had an idea that would solve the jobs crisis and our environmental woes in one fell swoop. They gave loans and grants to green energy and research companies in order to move the market forward and enable the companies to hire more employees.
- SunPower, after receiving $1.5 billion from DOE, is reorganizing, cutting jobs.
- First Solar, after receiving $1.46 billion from DOE, is reorganizing, cutting jobs.
- Solyndra, after receiving $535 million from DOE, filed for bankruptcy protection.
- Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection.
- Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection.
- SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection.
- Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection.
- Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.
- Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.
- Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.
- A123 Systems, after receiving $279 million from DOE, shipped some bad batteries and is barely operating. It cut jobs.
- Solar Trust for America, after receiving a $2.1-billion loan guarantee from DOE, filed for bankruptcy protection.
- Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.
So, now you know that Green Jobs was a major failure in both the production of jobs and in the ability to produce green energy. Obama green job myth has exploded in his face and the tax and rate payer have to pay for this failure. We cannot stand 4 more years of this kind of failure. And we hear nothing but crickets from our local lefties who were promoting AB-32 and the Green Stimulus. Tell us where are the green jobs?