January 20, 2012

INVESTOR’S BUSINESS DAILY: When Will We Awake From Obama’s Bad Green Dream?

The Obama administration promised a future with a clean, green economy. Instead, it’s left us with failed government “investments” in projects driven by politics rather than prudence.

While campaigning for the presidency in 2008, Barack Obama swore he’d create millions of green jobs.

“We’ll invest $15 billion a year over the next decade in renewable energy, creating 5 million new green jobs that pay well, can’t be outsourced and help end our dependence on foreign oil,” he said that fall.

Three years into the Obama presidency, the country has yet to see a wave of green-collar jobs. What it has seen is government pouring taxpayers’ money into pet projects that wasted the cash. A particularly sore example is Solyndra, which not only went bankrupt after taking in more than $500 million in taxpayers’ dollars, but also became the target of an FBI probe.

According to one analysis, at least 12 clean energy companies “are having trouble after collectively being approved for more than $6.5 billion in federal assistance.”

It’s like the whole thing was just a scam to bleed the taxpayers or something.

Related: “President Obama’s rejection of the Keystone XL pipeline from Canada to the Gulf of Mexico is an act of national insanity.”

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