Obama says Cap and Trade Means Green Jobs For America

Mr. Obama says that the "cap & trade" bill means green jobs for America. That's why the huge wind turbine farm in Texas will be built in China. What more lies will he tell?

The Shenyang Power Group has signed on to supply 240 of its massive 2.5-megawatt wind turbines to a 36,000-acre development in West Texas. The Wall Street Journal reports that the wind farm is also slated to receive $1.5 billion in financing from the Export-Import Bank of China.

This comes as the U.S. has increasingly out-sourced much of its wind turbine development. Less than a quarter of wind turbine components installed in the U.S. came from domestic production, and Europe currently holds the lion's share of turbine manufacturing. A Norwegian firm launched the world's first full-scale floating wind turbine this September.

Good think Van Jones isn't around to take credit for allowing his ChiCom masters to take credit for this coup.