The Obamamobile loses $49K per vehicle, yet another example how Obama just does not get it.
Take a good look at what Barack Obama touts as the future of car travel. General Motors Chevy Volt loses on average $49,000 per every Volt that they build. WOW, there’s a business plan, create a product that cost nearly $50K more than what you get back in return. What fool thinks this stuff up? No wonder as Weasel Zippers states, the Chevy Volt, the official car of the Obama administration. As the Lonely Conservative opines, Obama has been talking up the takeover of SM as one of his signature achievements. Imagine that, Obama praising a company that loses $49,000 per vehicle. This sounds much like his stimulus plan. Obama and the Chevy Volt, perfect together.
General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn’t a good thing for the automaker’s bottom line.
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.
And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.
GM’s basic problem is that “the Volt is over-engineered and over-priced,” said Dennis Virag, president of the Michigan-based Automotive Consulting Group.
Barack Obama Asks for Four More Years on the One Year Anniversary of the Bankruptcy of Solyndra … Oops
Talk about timing …
President Barack Obama is set to give his beg speech for four more years as President at the DNC convention on the one year anniversary of the Solyndra bankruptcy. On September 6, 2011, Solyndra filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in the District of Delaware. Irony has a weird way of rearing its head, doesn’t it?
Solyndra was touted by President Barack Obama as a shining example of “green” jobs and the future of the American economy. During a visit to the California based solar power energy company, Obama had nothing but growing praise for his Obama example of the economy and jobs. Needless to say, Obama’s “green” job masterpiece has filed for bankruptcy.
This is what happens when you have a President that refuses to drill and refine our own resources and instead has a War on Oil.
The Clown Prince, Barack Obama, The Comedian in Chief can joke all he wants on the campaign trial about Mitt Romney and the RNC Convention being on black & white TV. I think anyone in America would take the prices of gas in those good ole days and the GDP of that era as well. However President Obama, no one is laughing at the cost of gas at the pump. Barack Obama has set another record as President, the highest gas prices on Labor Day in history.
Democrats arrived in Charlotte on Monday to an ill-timed reminder of one of the issues plaguing President Barack Obama’s reelection bid: high gasoline prices.
Prices at the pump reached a national average of $3.83 Monday, according to AAA, setting a record high for a Labor Day. The previous Labor Day record of $3.69 was set in 2008, at the height of the last presidential election fight.
President Obama Wants Higher Energy Prices … Obama wanted gas prices in the US the same as they were in Europe, $10/gal.
Video Hat Tip: Ed Driscoll
Gas prices have increased by 23 cents in the past month during the height of the summer driving season. But AAA predicts that Obama, who has faced sustained attacks from Republicans over gas prices, will get a respite in the coming weeks once refineries that shut down as a result of Hurricane Isaac reopen.
This President is just so funny. He gets up in front of his Kool-Aid, mind numb robots and asses around, cracking jokes as the American economy implodes, gas prices skyrocket and the National debt is about to hit $16,000,000,000. Yeah, a laugh riot you idiot. But of course Obama does not want to talk about the escalating gas prices, his blocking of the Keystone XL pipeline, and his war on oil. Imagine if America actually had an energy policy that really was an “all of the above” one, rather than Obama’s liberal inept and failed “green” energy agenda.
Daily Commentary – Thursday, August 23, 2012 – Obama Administration Caught With Their Hands in the MSNBC Cookie Jar
- The labor department spent nearly $500k on ADs that ran on the Olbermann and Maddow shows on MSNBC in 2009
Daily Commentary – Thursday, August 23, 2012 Download
Your Hard Earned Tax Dollars at Work … US Labor Department Spends Stimulus Money for Ads During MSNBC Olbermann & Maddow Shows
Hmm … who knew that spending money for Obama ads on MSNBC by the US Department of Labor was a shovel ready job?
Shovel ready, the wasteful spending of the Obama stimulus fund appears to be more “propaganda” ready. Yup, your hard earned tax dollars down the tubes so that Barack Obama could promote and recruit young liberals for green jobs. But as stated by the Gateway Pundit, “the Obama administration said the decision to put the ads on MSNBC had nothing to do with politics.” Sure it didn’t. That’s why Obama would spend half a million dollars on green ads on a liberal network that no one watches. The commercials ran on MSNBC on shows hosted by Rachel Maddow and Keith Olbermann in 2009. Gee, and we thought these liberal hacks did Obama’s bidding for free.
The Labor Department paid out hundreds of thousands of dollars in federal stimulus funds to a public relations firm to run more than 100 commercials touting the Obama administration’s “green training” job efforts on two MSNBC cable shows, records show.
The commercials ran on MSNBC on shows hosted by Rachel Maddow and Keith Olbermann in 2009, but the contract didn’t report any jobs created, according to records reviewed recently by The Washington Times.
Spending reports under the federal Recovery Act show $495,000 paid to McNeely Pigott & Fox Public Relations LLC, which the Labor Department hired to raise awareness “among employers and influencers about the [Job Corps] program’s existing and new training initiatives in high growth and environmentally friendly career areas” as well as spreading the word to prospective Job Corps enrollees.
No liberal media bias here and quid pro quo.
Will President Barack Obama Ever Learn … Obama Administration Announces More Solar Energy Projects After So Many Solyndra’s Have Failed
The Obama-Alinsky doubling down on solar energy …
It’s called beating a dead horse, but not when it comes to President Barack Obama and solar energy backed government projects. For Obama it is called a failed green energy agenda. The Obama administration has announced more solar energy projects, even after so many have miserable failed like Solyndra et al. Check out the long, ever growing list HERE of the failed Obama green energy companies that were nothing more than a money grab of Obama donors.
The Obama administration will open public lands in six Western states to more solar projects as part of a solar energy road map it publicized Tuesday.
The Interior Department set aside 285,000 acres in Arizona, California, Colorado, Nevada, New Mexico and Utah for the initiative. Firms can apply for waivers to develop projects on an additional 19 million acres.
Calling the announcement a “proud moment,” Interior Secretary Ken Salazar told reporters in a conference call Tuesday that it reaffirms Obama’s commitment to solar power. He noted public lands hosted no solar projects when Obama took office.
The administration has since approved 17 major solar projects on public lands producing about 6,000 megawatts of power, Salazar said.
I guess this is what Obama is talking about when he says. “You didn’t build that business”. However, he didn’t help build these businesses either, he helped destroy them. Imagine, just imagine if the Obama government actually allowed such land to be used for gas, oil exploration?
Another Obama Green Energy Company Bites the Dust … Amonix Received $6 Million in Federal tax credits & a $15.6 Million Grant from the U.S. DOE
Forget Romney and Bain Capital, what about Barack Obama’s business track record with failed green energy companies and lost tax payer dollars all under the guise of creating jobs?
Add another “green” energy company to the failed Barack Obama trash pile of squandered US tax payer dollars. Amonix, a solar manufacturing plant in North Las Vegas that received $6 million in federal tax credits and a $15.6 million grant from the U.S. Department of Energy has closed its doors. Amonix is described on their web page as the leading designer and manufacturer of concentrated photovoltaic (CPV) commercial solar power systems. Oops, not so much. Add Amonix to the growing list of failed companies touted by the Obama Midas touch like Solyndra, Abound Solar, Beacon Power …
ANOTHER OBAMA FUNDED GREEN ENERGY COMPANY ONE BITES THE DUST
The Amonix solar manufacturing plant in North Las Vegas, heavily financed under an Obama administration energy initiative, has closed its 214,000-square-foot facility 14 months after it opened. [...]
A designer and manufacturer of concentrated photovoltaic solar power systems, Amonix received $6 million in federal tax credits and a $15.6 million grant from the U.S. Department of Energy to build the plant in North Las Vegas.
Is it any wonder why, according to a recent Rasmussen poll, that 57% of Americans say that Venture Capital Firms are better job creators than government programs. Only a delusional 27% think the government does.
How’s Obama Doing Spending Your Tax Dollars?
As Yogi Berra would say, its deja vous all over again or in the case of Weasel Zippers, hmm stop me if this sounds familiar? Sadly this is all too familiar during the Obama regime. Obama has thrown away Americans hard earned tax dollars and failed, epically failed America. Add Amonix to the long list of Obama funded green energy companies.
- Solar Trust of America: FAIL – Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
- Bright Source: FAIL – Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Canyou say, “This isnt working?”
- Solyndra: FAIL – Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses
- LSP Energy: FAIL – LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012
- Energy Conversion Devices: FAIL – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
- Abound Solar: FAIL – Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy
- SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still struggling…
- Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
- Ecotality: FAIL – ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama
- A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
- UniSolar: FAIL – Uni-Solar filed for Ch 11 bankruptcy in June 20 this year laid off hundreds got more Obama money still failing but still in business.
- Azure Dynamics: FAIL – Azure Dynamics files for bankruptcy in June ter millions in Obama “Stimulus”
- Evergreen Solar: FAIL – Evergreen Solar received $527 Million in Taxpayer money from Obama filed bankruptcy
- Ener1: FAIL received more than $100 million in government funding from the Obama administration filed for bankruptcy January 2012
More from The Heritage Foundation and the Harry Reid backed belly up solar panel manufacturer. Let’s see Obama tout this fiasco and lost tax payer dollars as a positive in the 2012 Presidential election.
Barack Obama Green Jobs … Bus Driver of Hybrid Bus, Any School Bus Driver, Sweeper of Floor at Solar Plant, Bicycle Shop Clerks & Porta-Potty Cleaners Considered Green Jobs (VIDEO)
What a joke … under Barack Obama and his so-called “Green” job agenda, the Labor Department “has jeopardized the integrity of employment data in some cases for clearly political reasons.” Bus drivers and bicycle shop clerks are considered “green” jobs. Far be it from the Obama administration to actually report green jobs appropriately. What, Obama inflate job numbers, say it isn’t so! As Bill Clinton would say, it all depends on what “green”, is.
The Obama administration on Wednesday acknowledged a wide-ranging definition of “green jobs” that includes bus driver, bicycle-shop clerk and other unexpected lines of employment, which the chairman of the GOP-led House oversight committee said is being done for “clearly political purposes.”
GOP Rep. Darrell Issa, chairman of the House Committee on Oversight and Government Reform, made the assertion during a hearing on how the administration counts so-called green jobs and the Labor Department’s recent change to how reporters can access key unemployment reports and other information.
Rep Darrell Issa (R-CA ) Questions BLS Director John Galvin on “Green Jobs” Numbers Reporting
check out 3:15 where Issa asks what is an Obama green job
The Labor Department “has jeopardized the integrity of employment data in some cases for clearly political reasons,” he said.
Issa suggested the administration is reclassifying such jobs to prove that billions of taxpayer dollars, through the federal stimulus program, have created green, or environmentally-focused jobs – a major initiative for President Obama.
YUP … The most transparent Presidency, EVAH!!!
Green Energy, Solar Hazardous Waste??? Solyndra Maybe Bankrupt & Gone … No Jobs, No Stimulus Money … But We Got Toxic Waste
More from Obama’s “green” energy failure …
Solyndra may be bankrupt, so-called green jobs gone, the buildings for sale and $535 million of tax payer stimulus dollars evaporated into thin air, but according to CBS5 in San Fransisco … we have toxic waste. Hmm, the “Greenies” never mentioned the leftover hazardous materials dangerous to the environment bi-products of green energy.
Three months ago, CBS 5 caught Solyndra tossing millions of dollars worth of brand new glass tubes used to make solar panels. Now the bankrupt solar firm, once touted as a symbol of green technology, may be trying to abandon toxic waste.
It’s a tedious process. Slowly but surely, the shattered remains of brand new solar panel tubes head to a recycling plant in Hayward.
Meanwhile the next phase of the company’s liquidation is under way. It involves getting rid of all the heavy metals left inside the building that were used to make the panels.
Click on banner to watch CBS5 in San Fransisco VIDEO
Doug Powers at Michelle Malkin.com brings up a rather interesting dichotomy when it comes to so-called “green” energy.
As you read this keep in mind that the whole pitch for projects like Solyndra revolves around “clean” energy and saving the environment — which is harder to take seriously every time the term “solar waste” is used to describe the potentially dangerous aftermath.
Another Obama Green Energy Company Bites the Dust … Solar Trust Files Bankruptcy … Tax Payers Out Billions
Another one of Barack Obama’s “green” energy companies bites the dust . Solar Trust of America files bankruptcy. But don’t worry, its not like this was a Solydra, it was worse. The U.S. Department of Energy had awarded a $2.1 billion loan guarantee to Solar Trust of America for a solar thermal power plant near Blythe, CA. That is correct tax payers … $2.1 billion!!!
2.1 Billion Dollars BA-HA-HA-HA
Quickly running out of money, solar-project developer Solar Trust of America LLC filed for bankruptcy before it could finish a multibillion-dollar solar plant in California that was planned to generate electricity as one of the world’s largest solar-power projects.
The company filed for Chapter 11 bankruptcy protection in Delaware on Monday after majority owner Solar Millennium AG—now under the control of a German bankruptcy professional—stopped putting money into the company.
Who knew that we would look back upon the bankruptcy of Solyndra as a drop in the tax payers wasted money bucket? Just how many “green” jobs have been lost under Obama?
The Lonely Conservative opines that Barack Obama is making the political rounds on the campaign trail saying the Republicans want to cut his investments in green companies. And Obama thinks that doubling down and defending “green” companies that have lost the American tax payers billions of dollars is a winning argument? Really? No wonder he has switched to now making not so vale threats to the SCOTUS.
Think this is not a hot button issue for the 2012 election that is simmering beneath the surface? “We the People” are getting sick and tired of Obama picking “winners and losers”, mainly losers with our money.
Hmm … sorry, delayed post, got hung up in scheduler.