Well if you want to actually investigate why the western economies are teetering on bankruptcy you might start with the great green-job hoax, related to the AGW hoax and the hysterical AGW cultists...
What a surprise... the so-called "green" economy still leads directly to bankruptcy and lots of cash in algore's pockets...
Unless like China, you gear up your manufacturing to take advantage of regulatory "green" stupidity of the western economies...
A bit like selling shovels to hysterical and desperate gold-miners when you have salted the ground (salted: falsely placed gold spinklings to give the appearence and hope of a larger gold mine)
Obama's 'Green Jobs' Scam Creates 3500 Jobs for $38 Billion If the GOP has even the slightest clue they put a halt to this green jobs scam today and start in investigation into where this money has gone. The Solyndra scandal is merely the tip of the iceberg. Seriously, $38 billion for 3500 jobs? What the hell is going on here?
A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show.
The program ? designed to jump-start the nation?s clean technology industry by giving energy companies access to low-cost, government-backed loans ? has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies.
President Obama has made ?green jobs? a showcase of his recovery plan, vowing to foster new jobs, new technologies and more competitive American industries. But the loan guarantee program came under scrutiny Wednesday from Republicans and Democrats at a House oversight committee hearing about the collapse of Solyndra, a solar-panel maker whose closure could leave taxpayers on the hook for as much as $527 million.
The GOP lawmakers accused the administration of rushing approval of a guarantee of the firm?s project and failing to adequately vet it. ?My goodness. We should be reviewing every one of these loan guarantee? projects, said Rep. Marsha Blackburn (R-Tenn.).
Obama?s efforts to create green jobs are lagging behind expectations at a time of persistently high unemployment. Many economists say that because alternative-?energy projects are so expensive and slow to ramp up, they are not the most efficient way to stimulate the economy.
Oh, so I guess they can say the results here were unexpected.
At least antique media outlets like the Washington Post are reporting this fiasco. If such a failure occurred during a GOP administration you can bet your last nickel this would be front page news across the country and at the top of every national newscast.
