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Feeling Stimulated?
July 28, 2012
Where your stimulus money went!!!!!!
Please dont read this on a full stomach or if you take heart medication!
1 - Swiss-Based Landis+Gyr Received Over $50 Million In Stimulus Contracts For Their Smart Grid Meters. Cathy Zoi, A Former Obama Energy Department Official, Held Over $250,000 Worth Of Stock In The Company As They Profited From Her Department's Policies. Zoi Had Previously Served As An Executive Director At Landis+Gyr Before Joining The Obama Administration.
CHINA
Stimulus Funds
North Carolina-Based LED Maker Cree Inc. Received Over $39 Million Through The Stimulus And Later Opened Its First Plant In China. Over Half Of The Company's Employees Are Now Located In China And Cree's CEO Says The Company's Strategy Is "Cree Chip, China Heart."
Stimulus Funds
North Carolina-Based LED Maker Cree Inc. Received Over $39 Million Through The Stimulus And Later Opened Its First Plant In China. Over Half Of The Company's Employees Are Now Located In China And Cree's CEO Says The Company's Strategy Is "Cree Chip, China Heart."
Loan Guarantees … Sempra Received A $337 Million Loan Guarantee For An Arizona Solar Plant.
The Solar Panels Will Be Supplied By SunTech, A Chinese Solar Panel Manufacturer.
The Solar Panels Will Be Supplied By SunTech, A Chinese Solar Panel Manufacturer.
Jobs Council - General Electric Cancelled An Order From Wind Turbine Manufacturer ATI Casting In Order To Get The Parts Cheaper From China. After ATI Offered To Match The Price, GE Still Refused The Order.
ATI Was Forced To Layoff 302 Workers Due To The Move.
General Electric Has Also Been Criticized For Using Chinese Made Wind Towers Over American Towers At The Stimulus Funded Shepherds Flat Wind Farm In Oregon.
ATI Was Forced To Layoff 302 Workers Due To The Move.
General Electric Has Also Been Criticized For Using Chinese Made Wind Towers Over American Towers At The Stimulus Funded Shepherds Flat Wind Farm In Oregon.
Stimulus Funds - Solar Power Industries Received A $5.4 Million Stimulus Grant Before Laying Off American Workers Based On An Increased Reliance On Imports From China.
FINLAND…
After Receiving A $500 Million Loan Guarantee, Fisker Automotive Is Producing Their
$100K Luxury Electric Sports Car In Finland.
Denmark - Stimulus Grants
After Receiving A $500 Million Loan Guarantee, Fisker Automotive Is Producing Their
$100K Luxury Electric Sports Car In Finland.
Denmark - Stimulus Grants
Subsidiaries Of Danish Wind Mill Maker Vestas Received $51.6 Million In Stimulus Grants To Build U.S. Based Factories. They Have Announced Plans To Layoff 180 U.S. Workers And Possibly Another 1,600 By The End Of The Year.
Stimulus Grants
The Windy Flats Project Began Construction Before The Stimulus Was Passed, Received A $218
Million Stimulus Grant And Used Wind Turbines Assembled By Seimans In Denmark.
Million Stimulus Grant And Used Wind Turbines Assembled By Seimans In Denmark.
Stimulus Funds
Danish Catalyst Company, Haldor Topsoe, Received A $25 Million Stimulus Award For
The Construction Of A Demonstration Scale Biorefinery.
The Construction Of A Demonstration Scale Biorefinery.
South Korea
Two Korean Manufacturers Of Electric Vehicle Batteries Were Given $300 Million To Build Plants In Michigan. Union Workers Are Now Claiming That Foreign Nationals Are Being Brought In To Fill Jobs That They Could Take. The Department Of Energy Has Admitted That 11 Of The 18 Contractors On Site Are Asian Firms.
Stimulus Grants
The Gulf Wind Project Received A $179 Million Stimulus Grant And Sourced
The Parts From South Korea, As Well As Japan And Mexico.
The Parts From South Korea, As Well As Japan And Mexico.
Australia - Stimulus Funds
The Melanoma Institute of Australia received a $162,000 stimulus contract to supply the National Cancer Institute with tumor samples.
Mexico - Stimulus Funds
SunPower Admits That Some of the Solar Panels for the $1.3 Billion Stimulus Backed California Solar Valley Ranch Will Be Manufactured At Their Facility In Mexico Rather Than Their Facility In California.
Stimulus Funds
ABB Inc. Received Over $16 Million in Stimulus Funds to Create Green Energy Manufacturing Jobs,
the Company Has Laid Off Workers in the U.S. and Transferred Work To Mexico.
the Company Has Laid Off Workers in the U.S. and Transferred Work To Mexico.
Dominican Republic - Stimulus Funds
Parago Used Stimulus Funds to Hire Hundreds of Workers in El Salvador and the
Dominican Republic to Administer a Renewable Energy Appliance Rebate Program.
Dominican Republic to Administer a Renewable Energy Appliance Rebate Program.
New Zealand - Stimulus Funds
A $817,000 Stimulus Contract Was Awarded To New Zealand's Connexionz To Install Bus
Monitors For The City Of Santa Clarita. A Local Contractor That Could Have Performed
The Work Objected To The Funds Going Overseas.
Monitors For The City Of Santa Clarita. A Local Contractor That Could Have Performed
The Work Objected To The Funds Going Overseas.
Thailand - Bailout Funds
After Taking A Taxpayer-Funded Bailout, General Motors Opened A $200 Million Plant In Thailand To Supply Diesel Engines For The Chevrolet Colorado Pickup Truck.
Vietnam - Jobs Council
General Electric Opened A $61 Million Factory In Hai Pong To Produce Wind Turbine Components. GE's CEO Jeffery Immelt Chairs The President's Jobs Council And The Company Has Received Over $1.2 Billion In Stimulus Funds.
Italy - Stimulus Funds
Brevini Wind Was Given A $12.75 Million Tax Credit To Build A Facility To Manufacture Wind Turbine Gearboxes In Indiana. Over Two Years Later The Company Has Only Hired 70 Of The 450 Workers Promised And The Company Has Announced They Do Not Expect To Be Operating The Facility Until Late-2013.
Cashing In
Italian Wind Turbine Manufacturers Pulled In Over $84 Million In Cash Grants Through
The Stimulus' 1603 Program
The Stimulus' 1603 Program
Russia - Stimulus Funds
Ener1 Received Over $118 Million In Stimulus Funds To Produce Vechicle Batteries. After Going Bankrupt, It Was Acquired Outright By A Russian Investor, Sparking Security Concerns Surrounding The Company's Work for The U.S. Military.
Germany - Stimulus GRants
ON Climate & Renewables Received Over $440 Million In Stimulus Grants For Wind Farms That Began Construction Before The Stimulus Was Passed.
Stimulus Grants
At Least 25 Wind Turbines For Stimulus Funded Projects Were Supplied By German-Based Nordex.
Luxembourg - Stimulus Funds
Luxembourg-Based ArcelorMittal's Subsidiary Received $31.5 Million In Stimulus Funds For A Waste Heat Recovery Unit.
El Salvador - Stimulus Funds
Parago Used Stimulus Funds to Hire Hundreds of Workers in El Salvador and the Dominican Republic to Administer a Renewable Energy Appliance Rebate Program.
Great Britain - Stimulus Funds
$39 Million In Stimulus Funds Went To Navistar For Electric Delivery Trucks That Are Manufactured
In Coventry, England.
In Coventry, England.
Stimulus Grants
British Private-Equity Firm Terra Firma Received Over $40 Million In Stimulus Funds Through An American Wind Consortium It Bought Just Days Before The Stimumuls Funds Were Awarded.
India - Stimulus Grants
India-Based Suzlon And Its Subsidiaries Installed Over 200 Wind Turbines Under Obama's Stimulus Grant Program With Most Of The Materials Coming From Its Operations Overseas.
Spain - Stimulus Funds
Spain-Based Iberdrola Renewables Received $1.5 Billion In Loans And Grants And Claimed It
Created Over 15,000 American Jobs But The Company Only Has 850 U.S.-Based Employees.
Created Over 15,000 American Jobs But The Company Only Has 850 U.S.-Based Employees.
Stimulus Grants
Madrid-Based EDP Renewables Received Over $100 Million In Grants For Their Wind Farms and Announced In September 2011 That They Were Planning To Lay Off 10% Of Their North American Workforce.
Indonesia - Stimulus Funds
The EPA Gave A $1.5 Million Grant To Indonesia To Reduce Air Pollution In Jakarta.
Japan - Stimulus Grants
Japanese-Subsidiary Eurus Energy Received $91.4 Million In Stimulus Grants For A Wind Farm Completed Before The Stimulus Was Passed And Used 180 Turbines Manufactured Overseas By Mitsubishi
France - Cashing In
French Wind Farm Developer EnXco Pulled In Over $69 Million In Cash Grants Through The Stimulus' 1603 Program.
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Congress writes the legislation, not the president. That's not a "lefty spew", that's the law. It's in the constitution and everything. And I'm not "blaming" anyone here, investing in a company that someone in the white house owns stock in is neither criminal nor improper. It would only be improper if the person who has the stock crafted the policy which, again, is not the case here. Attacking me and accusing me of being liberal is not a valid response to a non-partisan, fact-based argument. I'm not saying "I love president obama", I'm saying "I don't like lies." Dishonest partisan drivel is bad no matter what side of the aisle it comes from.
Again LEFTY spews. The President DID have much to do with the stimulus. Do you really not understand how this works. The President piushed for these loan and other moneys to be given. He cant keep taking credit for all the good things happening and blaming the "Other Side" for all the wrong stuff. Good Luck with that.
Lying to anger conservatives is a HUGE industry. The first item is bull because the president didn't write the stimulus, congress did. Someone in the white house benefiting from something other people did is not a conflict of interest. This is just the same line of attack, misrepresenting the actual scope of the executive branch to pretend it is all-powerful and therefore all-responsible. Obama didn't write the budget or "obamacare" or raise the debt ceiling, congress controls all of those things. As for the second item on the list I googled it and it is also misleading - the company had been expanding into asian markets since 2005 when it bought a company in hong kong. The factory they opened was their "first" factory *in china*, not their first factory, as the wording of the article makes it sound like. This is written to make it sound like they are "shipping jobs overseas", which is a lie. After the stimulus they hired the first 200 of 575 new employees in their US company while expanding into asia. I'm sure if I took the time to google the rest of the items on the list I'd find there's a lot more misleading information there too. As I said, lying to get conservatives angry is big business. Skepticism is called for.