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Obama to call for $2
billion green energy fund

Washington Examiner, by Brian Hughes

Original Article

Posted By:KarenJ1, 3/15/2013 9:32:56 AM

President Obama in Illinois Friday will call for the creation of a $2 billion Energy Security Trust, which would take government royalties from offshore oil and gas leasing and use the money for research in green-energy technologies. Obama hinted at such a proposal in his State of the Union Address and will make the announcement at Argonne National Laboratory, just outside Chicago. The initiative comes as Republicans pressure Obama to approve construction of the Keystone XL Pipeline, a project that would carry oil from Canada to refineries in Texas.

Comments:
It now should be obvious that 0bama is intentionally inflicting economic harm on this country. Anyone in their right mind would never continue to throw money at businesses who are constantly going bankrupt.

      


Post Reply  

Reply 1 - Posted by: beca, 3/15/2013 9:39:03 AM     (No. 9226281)

he hasnt wasted enough of our tax dollars on green energy...billions.....thrown down the drain............this guy should be IMPEACHED

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Reply 2 - Posted by: VAPMAN, 3/15/2013 9:40:26 AM     (No. 9226289)

I guess Solyndra will be back in business to suck up tax payer money until they go bankrupt.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: LudicrousSextus, 3/15/2013 9:45:08 AM     (No. 9226308)

Wow...it´s almost as if the idiot-in-chief forgot what an unmitigated farce his *first* handout marathon to ´green energy´ gave us...


Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy.

(from Heritage.org)

Nothing like a president brain-dead enough to double-down on his failed policies, eh?

Particularly when it´s not coming out of *his* pocketbook...

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Reply 4 - Posted by: sgtfox of the jarhead clan, 3/15/2013 9:53:40 AM     (No. 9226326)

Sounds like yet another sure loser, but go ahead and do that. Take the funds from your "free phones for my loyal supporters " program.

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Reply 5 - Posted by: alpha91c, 3/15/2013 10:37:46 AM     (No. 9226468)

He is just following the will of the Sierra Club and other clueless greenies. While he is at it, he might as well pass an EO outlawing fracking.

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Reply 6 - Posted by: jglas, 3/15/2013 10:51:33 AM     (No. 9226508)

More money for his green cronies. Congress shut him down.

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Reply 7 - Posted by: ida Lou Pino, 3/15/2013 11:17:21 AM     (No. 9226569)

Can you say "carbon tax"?

Gee - - for a moment there Zippy really had me fooled.

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Reply 8 - Posted by: suedotsue, 3/15/2013 11:28:42 AM     (No. 9226587)

Obama can do or say whatever he wants because no one will stop him. The GOP loves big gov. as much as Obama does. The bigger the gov., the less power voters have. That´s what the GOP likes. They want us silenced.

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Reply 9 - Posted by: Reality, 3/15/2013 12:15:03 PM     (No. 9226671)

More graft to spread around to his cronies.
Why not make the announcement from the Whitehouse and save the million dollars plus or minus it will cost to fly to Chicago to make the announcement.
This would save enough money to allow White house tours, prevent furloughs of Secret service employees and give 0blamer time to work on his budget which is late again.
Of couse work is a dirty word.

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Reply 10 - Posted by: A Balrog of Morgoth, 3/15/2013 12:43:52 PM     (No. 9226732)

Rake off the earnings from one industry to subsidize its already subsidized competition.

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Reply 11 - Posted by: bubby, 3/15/2013 12:46:04 PM     (No. 9226737)

Of which $1 billion will end up in the Democratic coffers. Good grief is Congress that stupid?

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Reply 12 - Posted by: JustRight, 3/15/2013 12:51:18 PM     (No. 9226748)

The answer too your question poster 11 is "Yes"

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B-G1


 
Reply 13 - Posted by: nimby, 3/15/2013 12:56:56 PM     (No. 9226756)

Lets see the congress grow some, shall we?

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Reply 14 - Posted by: lil dotty, 3/15/2013 1:05:37 PM     (No. 9226772)

Jr. only needs to re-stash OUR cash in his slush fund. That dollar inventory is getting mighty low. Still lots to be done and a short time to do it. Wait for it, anywhere he can steal fifty cents, he will do it. Watch for Carney to sell tickets at the press lectures to tour the white house for x amount. Jr probably sells his smoked butts for $3 a filter. When desperate it´s what addicted persons do.


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Reply 15 - Posted by: mickturn, 3/15/2013 3:08:30 PM     (No. 9226918)

Obie,no more slush funds...sorry you are too crooked to be trusted with them.

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Reply 16 - Posted by: wsdiego, 3/15/2013 3:14:10 PM     (No. 9226926)

If the 90 bn$ you spent already was a waste, why do you think 2 bn$ more would work?

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Reply 17 - Posted by: Ribicon, 3/15/2013 4:09:39 PM     (No. 9227001)

Why not? GWB poured how much money down the same rathole, funding switchgrass ethanol (still a fantasy), next-generation batteries, and the like.

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