Tag Archives: Jobs

New e-mails reveal that White House pressured Department of Energy to make loans

From the Washington Examiner.

Excerpt:

Previously undisclosed emails made public today by the House Oversight and Government Reform Committee describe multiple instances of White House pressure on career Department of Energy officials to speed up approval of government loans to clean energy firms like Solyndra and Abound Solar.

President Obama is described in one of the emails as having personally approved “moving it ahead,” thus reversing a prior decision by DOE career officials not to extend $2 billion in tax-funded help to AREVA, a French nuclear power company, on an Idaho project.

Vice-President Joe Biden is described in other emails as exerting heavy pressure to gain approval of a $1.3 billion wind farm project at Shepherd’s Flat, Oregon.

The new emails contradict claims by Obama and others in his administration that all decisions on the $20 billion DOE clean energy loans were made by career executives in the department.

[…][A]n Oct. 30, 2010, email from Jim McCrea, a credit advisor to the energy loan program, to Jonathan Silver, the program’s executive director, described his worries about pressure from the White House to use a “fast-track process” to approve loans.

“I am growing increasingly worried about a fast track process imposed on us at the POTUS [President of the United States] level based on this chaotic process that we are undergoing … by designing the fast track process and having it approved at the POTUS level (which is an absolute waste of his time!) it legitimizes every element and it becomes embedded like the 55% recovery rate which also was imposed by POTUS,” McCrea said.

In another email made public today by the House panel, Silver instructed McCrea to tell a Treasury Department official of White House support for DOE help to Abound Solar.

“You better let him know that WH wants to move Abound forward. Policy will have to wait unless they have a specific policy problem with abound,” Silver said in the June 25, 2010, email.

Abound Solar is a Colorado-based solar panel manufacturer that had used $68 million of a $400 million DOE loan guarantee before filing for bankruptcy earlier this year.

You can a list of most of the green energy failures and the details of their Department of Energy loans here from Heritage Action.

Here’s a snip:

Thanks to analysts at The Heritage Foundation, a list has been compiled of 12 “green” energy companies which received Department of Energy (DOE) loan guarantees but are now bankrupt:

  1. “Abound Solar (Loveland, Colorado), manufacturer of thin film photovoltaic modules.
  2. Beacon Power (Tyngsborough, Massachusetts), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.
  3. Ener1 (Indianapolis, Indiana), built compact lithium-ion-powered battery solutions for hybrid and electric cars.
  4. Energy Conversion Devices (Rochester Hills, Michigan/Auburn Hills, Michigan), manufacturer of flexible thin film photovoltaic (PV) technology and a producer of batteries and other renewable energy-related products.
  5. Evergreen Solar, Inc. (Marlborough, Massachusetts), manufactured and installed solar panels.
  6. Mountain Plaza, Inc. (Dandridge, Tennessee), designed and implemented “truck-stop electrification” technology.
  7. Olsen’s Crop Service and Olsens Mills Acquisition Co. (Berlin, Wisconsin), a private company producing ethanol.
  8. Range Fuels (Soperton, Georgia), tried to develop a technology that converted biomass into ethanol without the use of enzymes.
  9. Raser Technologies (Provo, Utah), geothermal power plants and technology licensing.
  10. Solyndra (Fremont, California), manufacturer of cylindrical panels of thin-film solar cells.
  11. Spectrawatt (Hopewell, New York), solar cell manufacturer.
  12. Thompson River Power LLC (Wayzata, Minnesota), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.”

This is what the Obama adminstration means by “stimulus” and “shovel-ready” projects. This was their strategy to create jobs by spending taxpayer money and borrowing money from your children.

Is Obama telling the truth about creating 5.2 million new jobs?

From Yahoo News, of all places.

Excerpt:

In a new TV ad, President Obama makes an inflated claim to have added 5.2 million new jobs. The total added during his time in office is actually about 325,000.

In the ad, the president says “over 5 million new jobs” while the figure “5.2 million” appears on screen. But that’s a doubly misleading figure.

  • Viewers would need to pay close attention to the on-screen graphic to know that the ad refers only to employment gains starting in March 2010, omitting the 4.3 million jobs that were lost in the first year of Obama’s term.
  • And there’s no way a viewer would know that the total counts only private-sector jobs, omitting continuing losses in government employment.

According to the most recent employment figures from the Bureau of Labor Statistics, the economy has eked out a net gain of 325,000 jobs since January 2009, when Obama took office. And that’s giving credit for roughly 386,000 jobs that the BLS has announced, on a preliminary basis, that it will be adding to this year’s employment totals next year, as a result of its routine annual “benchmarking” analysis.

Looking only at private-sector jobs, it’s true that the total has risen just under 5.2 million since February 2010 — provided that credit is given for roughly 453,000 private-sector jobs to be added next year through the BLS benchmarking process. But over Obama’s entire term, those private-sector jobs have gone up only 967,000, even counting benchmarking additions.

The Heritage Foundation puts the number even lower, at 316,000 jobs created in the last 30 months.

What North Korea teaches Christians about the importance of politics and economics

Christian apologist Frank Turek writes about it at Townhall.

Excerpt:

When I hear Christians saying we ought not get involved in politics but just “preach the Gospel,” I show them this satellite picture of the Korean peninsula. Here we see a homogenous population of mostly Koreans separated by a well-fortified border. South Korea is full of freedom, food and productivity—it’s one of the most Christianized countries in the world. North Korea is a concentration camp. They have no freedom, no food, and very little Christianity.

What’s the primary reason for the stark difference between these two countries? Politics. The South politically allows freedom, while the North does not.

Ironically, Christians who shun politics to supposedly advance the Gospel are actually allowing others to stop the Gospel. How so? Because politics and law affects one’s ability to preach the Gospel! If you think otherwise, visit some of the countries I have visited—Iran, Saudi Arabia and China. You cannot legally “preach the Gospel” in those countries—or practice other aspects of your religion freely—because politically they’ve ruled it out as they have in North Korea.

In fact, politics affects virtually every area of your life through the laws made by government. So if you care about your family, business, church, school, children, money, property, home, security, healthcare, safety, freedom, and your ability to “preach the Gospel,” then you should care about politics.

Politics affects everything, which is why leaders throughout the Bible—including Joseph, Moses, Daniel, Nehemiah, Mordecai, Esther, John the Baptist, and Paul— “went political” to influence civil governments to govern morally. Even Jesus himself got involved in politics when he publically chastised the Pharisees—the religious and political leaders of Israel—for neglecting “the more important matters of the law.”

[…]But what can Christians do? After all, we can’t legislate morality, can we? News flash: All laws legislate morality! Morality is about right and wrong and all laws declare one behavior right and the opposite behavior wrong. So the question is not whether we can legislate morality, but “Whose morality will we legislate?”

[…]When we fail to legislate morally, others impose immorality. For example, totalitarian political correctness is already imposed in states such as Massachusetts where the implications of same-sex marriage override the religious liberties of businesses, charities and even parents. As documented here and illustrated here, same sex marriage prevents you from running your business, educating your children, or practicing your religion in accord with your Conscience. And soon, as is the case in Canada, you may not be able to merely speak Biblically about homosexual behavior. That is because those who say they are fighting for “tolerance” are often the most intolerant.

Unless Christians begin to influence politics and the culture more significantly, we will continue to lose the very freedoms that enable us to live according to our beliefs and spread the Gospel all over the world. That’s why you should not vote for candidates because of their race or religion, but because they will govern morally on the more important matters of the law—life, marriage and religious freedom.

Dr. Turek says that some societies make it easier for us to carry out our responsibilities as Christians, such as evangelism. That’s true. But I want to make a different point from Dr. Turek related to the point that he made.

I get a lot of e-mails from people complaining that I spend too much time on fiscal issues, and especially on foreign policy. But I really think that Christians need to branch out and read widely about these issues, too. The more we know about everything, the better we will be able to connect what the Bible says to every area, and the smarter we will be at laying out plans for our lives and achieving the good goals we set for ourselves as part of our relationship with God.

It’s always better to know how things work. What good is it to say that you want to achieve some aim like helping the poor or making the world more peaceful unless you first study economics and foreign policy so that you will know how to achieve it? Many people try to achieve these goals by embracing policies that sound good, but they actually achieve the exact opposite ends that you set out to achieve.  If you want to drive a car to get somewhere, you must first learn how to drive a car. Why should faith be any different than anything else? Don’t take positions based on feelings or peer pressure, get informed and make a right judgment.