Millions of Green Jobs...NOT!

Barack Obama promised us millions of "green" jobs.  He "invested" billions of dollars of 'stimulus' funds in those businesses.  Most of these are owned by cronies of Obama.  Here's the list.

The complete list of faltering or bankrupt green-energy companies:

1. Evergreen Solar ($24 million)*
2. SpectraWatt ($500,000)*
3. Solyndra ($535 million)*
4. Beacon Power ($69 million)*
5. AES’s subsidiary Eastern Energy ($17.1 million)
6. Nevada Geothermal ($98.5 million)
7. SunPower ($1.5 billion)
8. First Solar ($1.46 billion)
9. Babcock and Brown ($178 million)
10. EnerDel’s subsidiary Ener1 ($118.5 million)*
11. Amonix ($5.9 million)
12. National Renewable Energy Lab ($200 million)
13. Fisker Automotive ($528 million)
14. Abound Solar ($374 million)*
15. A123 Systems ($279 million)*
16. Willard and Kelsey Solar Group ($6 million)
17. Johnson Controls ($299 million)
18. Schneider Electric ($86 million)
19. Brightsource ($1.6 billion)
20. ECOtality ($126.2 million)
21. Raser Technologies ($33 million)*
22. Energy Conversion Devices ($13.3 million)*
23. Mountain Plaza, Inc. ($2 million)*
24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
25. Range Fuels ($80 million)*
26. Thompson River Power ($6.4 million)*
27. Stirling Energy Systems ($7 million)*
28. LSP Energy ($2.1 billion)*
29. UniSolar ($100 million)*
30. Azure Dynamics ($120 million)*
31. GreenVolts ($500,000)
32. Vestas ($50 million)
33. LG Chem’s subsidiary Compact Power ($150 million)
34. Nordic Windpower ($16 million)*
35. Navistar ($10 million)
36. Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.
The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies’ business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy.
The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.

 All of these companies have gone belly up. Not one has produced any real jobs...and all of them have laid off  their production staff.

Obama To Invest $2 Billion on 5,000 Energy Jobs

In the vein of the Spanish "green jobs" boondoggle wherein that government spent roughly $800,000.00 on subsidizing "green jobs", the Obama Administration will invest $2,000,000,000.00 on a "green jobs" program here.  That's a much better deal than the Spanish got, and runs  about $392,000.00 per job here.  Unfortunately, many of those jobs will be temporary...

In the short term, construction will create approximately 1,600 [temporary] jobs.

That's not terribly good investment

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.