Obama's economic policy...

"Insanity is doing the same thing over and over again but expecting different results."


Obama Vows More Money for Green Energy: http://cnsnews.com/news/article/oba...i-try-something-doesn-t-work-then-i-don-t-try

The Obama administration spent $9 billion on solar and wind projects from 2009 to 2011 resulting in the creation of 910 “direct jobs,” according to a report by the National Renewable Energy Laboratory, which is part of the Energy Department.

...19 of the companies that received loans or grants by the Obama administration have filed for bankruptcy or are in the process of doing so.

These include Evergreen Solar, SpectraWatt, Solyndra, Beacon Power, which got $43 million; AES’ subsidiary Eastern Energy, Nevada Geothermal, which received $98.5 million; SunPower, which got $1.5 billion from the government; First Solar, which received $1.46 billion from the federal government; Babcock & Brown, an Australian company which received $178 million from the administration; Ener1, a subsidiary EnerDel that received $118.5 million; Amonix, which received $5.9 million; The National Renewable Energy Lab; Fisker Automotive; Abound Solar, which received $400 million; Solar Trust of America; A123 Systems, which received $279 million; Willard & Kelsey Solar Group, which received $6 million; Johnson Controls, which received $299 million; and Schneider Electric, which received $86 million.

SNIP

The most notable green project to get money from the $787 billion stimulus was Fisker, which got $529 million from the Department of Energy, $359 million of which was supposed to go toward a plant in Wilmington, Del. However, Fisker began assembling its first line of cars in Finland in 2011. USA Today reported that the Fisker Plant in Delaware is “absolutely empty