Another Failed Obama Green Energy Venture … Michigan Battery Plant Places Workers on Furlough. Another $150 Million Wasted
Well there you go again … Obama picks another ‘green” energy loser …
Remember during the recent Presidential debate when Mitt Romney stated the following, “Mr President, you just don’t pick winners and losers, you pick losers VIDEO).“ Well, Obama has done it again, this time it is a Michigan battery plant that was given $150 million of tax payer dollars at the Compact Power plant as workers are placed on a rotating furlough.
From Fox News comes the following, ‘Plant that got $150M in taxpayer money to make Volt batteries furloughs workers’.
President Obama touted it in 2010 as evidence “manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced.
Workers at the Compact Power manufacturing facilities in Holland, Mich., run by LG Chem, have been placed on rotating furloughs, working only three weeks per month based on lack of demand for lithium-ion cells.
As the Lonely Conservative opines, remember when Obama was touting that “green energy” jobs boom? Consider that among many of Obama’s 2008 promises to fix the economy in the where are they now files.
MEDIA BIAS: Chris Matthews Says Unemployment Was Well Past 10% When Obama Took Office, Um Sorry Tingles, It Was Only 7.8%
More MSM Bias and lies …
Chris “Tingle Up My Leg” Matthews continues the MSM propaganda for Barack Obama and continues to spew a false narrative of actual facts that existed prior to Obama coming into office. Matthews stated that the unemployment rate was over 10% and skyrocketing. Really, over 10%? Interestingly enough the facts show that the unemployment rate was 7.8% when he took office. Actually, this was the lowest that the unemployment rate has been during the Obama Presidency as we have had 43+ months at +8%, event though Obama and his minions promised it would go below 8% after passing his trillion dollar, not shovel ready stimulus.
“When your guy left town, Dubya – who nobody asked him to come back by the way at the Republican convention – unemployment was well past ten percent and skyrocketing.”
Matthews stated that the unemployment rate was over 10% and skyrocketing when his Obamamessiah took office. That is just a false statement and intended lie to put forth to the American people to deceive them. According to the US Labor Department the unemployment rate was 7.8%. So why would Tingles feel the need to lie? Obviously, the MSM has to aid Obama to get reelected despite Obama’s terrible economic record and failed policies to help create job growth in America.
Question, how does NBC allow such a statement by Matthews to be put forth and not responded to as false? Of course this is coming from a news network that allowed the doctored and edited tape to be put forth of the George Zimmerman 911 call. But when the skewing of the news and out right lies benefit Obama, mums the word. The Lonely Conservative has more from
MSNBC MSU news.
UPDATE I: However, as reported at ZeroHedge.com the real Unemployment Rate hits 11.7% as spread between the reported and propaganda data hits record.
Today’s reported unemployment rate: 8.1%. The reason: the labor “participation” dropped to a 31 year low 63.5% as reported earlier. Of course, this number is pure propaganda, and makes no sense for one simple reason: despite the economic collapse started in December 2007, the US civilian non-institutional population since then has grown by 186,000 people every month on average hitting an all time high of 243,566,000 in August. These people need a job, and the traditional shorthand is that at least 100,000 jobs have the be generated every month for the unemployment rate to merely stay flat, let along improve. So what does one get when one uses the long-term average of the past 30 or so years which happens to be 65.8%? One gets an unemployment number that is 45% higher than the reported 8.1%, or 11.7%.
The irresponsible, unpatriotic and dumbfounded President …
Wow, the smartest President ever could not remember what the national debt was when asked by the serious and hard nosed journalist David Letterman. When asked what the national debt was when he took office, Obama could not remember conveniently enough. A note to Barack Obama, it was approximately $10 trillion. Guess what it is now Mr. President in less than four years under your administration … +16 trillion. Talk about a convenient loss of memory? Obama goes on an entrainment show like David Letterman is unable to answer a question on the debt because it would be embarrassing to him. How’s that transparency working you you America?
Barack Obama called GWB irresponsible and unpatriotic for increasing the national debt $4 trillion in 8 years. However, Obama used that same Chinese credit card and increased the national debt nearly $6 trillion in 4 years to $+16 trillion. If $4 trillion in 8 years is unpatriotic, would it be considered treason to do $5 trillion in 4 years? Hmm?
US Sen. Barrasso (R-Wyoming) Delivered the Weekly GOP Address … “President Obama is on track to have the worst jobs record of any President since World War II” … “More presidential rhetoric, and a plea for more time, won’t heal our economy.”
Barack Obama, a legacy of failure for America …
US Senator John Barrasso (R-Wyoming) yesterday delivered the Weekly GOP Address, following Friday’s dismal jobs report. In the Weekly Republican Address, Barrasso said the following that, We are not better off than we were four years ago and “the undeniable truth is, President Obama is on track to have the worst jobs record of any President since World War II.” Barrasso went on to say,“when the President was hyping his so-called stimulus program, his economic team claimed unemployment would not go above 8 percent”. Instead, it’s been higher than 8 percent for 43 straight months.” 43 months and counting and the only reason why it is has gone up even more is that the participation rate is at a low not seen since 1981, those individuals who have just given up and left the work force is not counted. If they were, the actual unemployment rate would be over 11%.
“More presidential rhetoric, and a plea for more time, won’t heal our economy.”
Excepts of the GOP Weekly Address:
“The reality is that America is not better off than it was four years ago.
“Today, 23 million Americans are unemployed or underemployed. Many are our friends, neighbors, and family members.
“The undeniable truth is, President Obama is on track to have the worst jobs record of any President since World War II.
“When the President was hyping his so-called stimulus program, his economic team claimed unemployment would not go above 8 percent, and that it would be below 6 percent by now. Instead, it’s been higher than 8 percent for 43 straight months.
“It’s bad enough the stimulus money was wasted. Even worse, he borrowed the money, much of it from China.
“Household incomes have dropped by more than $4,000, while the cost of everyday living has gone up.
“Gasoline prices have gone up another 30 cents a gallon in just over a month. Americans recently paid the highest prices ever on a Labor Day weekend.
“One out of every seven people in America is now on food stamps.“
“For every year since he took office, President Obama has spent at least a trillion dollars more than Washington took in, all of it borrowed.
“Under his watch, government spends too much, borrows too much, and grows bigger every day.
“President Obama’s record of failure has come at a great cost to our country and our future.
“The President’s policies have failed to produce the results, accountability, and solutions the American people deserve. The Obama Administration is simply not moving our country forward.
“It’s been said that, faced with his record, the President has changed his hope and change message of four years ago to one of divide and conquer today.
“More presidential rhetoric, and a plea for more time, won’t heal our economy.”
Wake up America, Barack Obama did not but provide promises in 2008. During the 2012 DNC convention it was just more of the same and provided more empty promises.
File this one under, if the truth hurts …
Mitt Romney has accused President Barack Obama what many have thought for months … Obama has given up trying to fix the economy and “admitted defeat”. What else can you call what Obama has dome lately? The Presidents plan to stimulate the economy was an EPIC FAILURE. Obama’s payoff the “green energy” companies was an EPIC FAILURE. Obama’s job growth plan has been an EPIC FAILURE As stated by the American Thinker, “President Obama has failed miserably in trying to “stimulate” the economy by pouring hundreds of billions of dollars in “investments” for green energy, infrastructure projects, and other temporary measures that have done nothing except drive up the deficit.”
Now with the Presidential election mere months away Barack Obama has basically given up and gone into full campaign mode, not that he has ever stopped doing so since he was elected in 2008. Obama has failed and as The One said in the past he had 4 years to fix the economy. If he did not, Obama would be a one term President. He has not even come close and his policies and agenda have made matters worse, not better.
Republican presidential candidate Mitt Romney accused President Obama on Saturday of giving up on trying to fix the economy, saying he had “admitted defeat.”
In his weekly podcast, Romney pounced on a recent government report, which found that the unemployment rate rose in 44 states last month.
He accused Obama of blaming the “stalemate in Washington” instead of working to boost job creation.
“With millions of Americans hurting like never before, the President has admitted defeat. With five months to go before his term his up, he’s saying he won’t even try anymore,” Romney claimed.
The presumptive Republican nominee for president argued that he has the executive experience necessary to turn the economy around.