Of the Million$/Billion$ spent on "job and business creation" where did the "GreenBacks" go???The $92million of stimulus funding was targeted at green jobs, only about $20million has been spent... of which 80% of funding for green programs, including $2.3billion in manufacturing tax credits, went to companies who employ their primary workforce in China, South Korea and Spain. - thehayride
It seems that grants for wind turbines and solar panels created manufacturing jobs overseas rather than domestically as the administration presumably envisioned.
For example, a report issued last fall by American University's Investigative Reporting Workshop that proved highly embarrassing to the administration indicated that eleven US wind farms used their stimulus grants to purchase over 70% of their turbines from overseas manufacturers...while most are livid, but little can be done to force domestic purchasing without creating a trade war. And the United Steelworkers union has filed a lawsuit against China accusing them of subsidizing their manufacturers of such products so as to own the market.
Quote of the week?
"A generation which ignores history has no past and no future" - PragmaticAmerican