Earlier this year Obama campaigned for solar: “This is an industry on the rise. It’s a source of energy that’s becoming cheaper. And more and more businesses are starting to take notice.” Last June in Cincinnati Romney said: “A lot of people have had some real tough times. And the policies the president put in place did not make America create more jobs. As a matter of fact, he made it harder for America to create more jobs.” His plan included eliminating regulations on energy, coal, natural gas, and oil, all low cost, available in abundance, and there to create jobs.
Obama told the people: “Financial institutions, corporations saw their profits soar. But prosperity never trickled down to the middle class. … This election presents a choice between two fundamentally different visions of how to create strong, sustained growth… and most of all, how to generate good middle-class jobs, so people can have confidence that if they work hard, they can get ahead.”
James Healey writes about another GM Volt suspension saying: “General Motors is halting, for a month, the manufacture of its well-known but seldom-sold Chevrolet Volt extended-range electric car, according to trade publication Automotive News.
It would be the second interruption in production for the Volt, which can go 38 miles on battery power before needing a recharge from its gasoline engine or via a plug-in.”
The people do not want the Volt. Nobody wants their car bar-b-cuing the garage let alone not making it back to the house from work. In the same vein people do not believe solar power works. Even if it did, like ObamaCare, it’s our choice.
It’s the 2008 campaign reconstruction in overdrive, all of those green energy jobs that he now needs 4 more years to create. Middle class, what are the chances this idea could even get you back to where you were when he came into office back in 2009? It’s a stupid question but Obama’s still asking. Do not apply at Solyndra, Obama Motors, Fisker, Ener1, Beacon, A123, Evergreen Solar… Last month we found as of June there were about 20 of these companies Obama handed out taxpayer money to which had either bankrupted or on the verge thereof yet he continues to ‘invest’ in the same.
Peter Schweizer was Palin’s adviser and I believe is now part of the Hoover Institute, but he had an interesting reflection on the financing of Obama’s Solyndras. This comes from his book ‘Throw Them All Out’: “At the same time, several politicians who supported Obama managed to strike gold by launching alternative-energy companies and obtaining grants. How much did they get? According to the Department of Energy’s own numbers … a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama financial backers—individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democratic Party. The grant and guaranteed-loan recipients were early backers of Obama before he ran for president, people who continued to give to his campaigns and exclusively to the Democratic Party in the years leading up to 2008. Their political largesse is probably the best investment they ever made in alternative energy. It brought them returns many times over.”
The Volt… never had anything to do with the middle class let alone job creations.