View Full Version : Obama More of the same failed approaches.

08-31-2011, 10:31 AM
LAS VEGAS — Senate Majority Leader Harry Reid says he is “sure” President Obama will offer specific proposals for boosting energy-related jobs in next week’s big speech on job creation.

The Nevada Democrat, speaking to reporters at his annual Clean Energy Summit in Las Vegas, said he is urging Obama to make the green jobs push as big as possible, and will continue to make the case in meetings with the president before the speech. John Podesta, president of the liberal group Center for American Progress, which has close ties to the White House, said he also is urging Obama to announce new green jobs initiatives.

Reid and Podesta met on Tuesday with Vice President Joe Biden, the event’s keynote speaker, in part to press the administration for a renewable energy jobs agenda.

In an interview with National Journal, Podesta said he is urging Obama to back short-term, politically possible measures, including funding for an Energy Department-run rebate program for investment in energy-efficient retrofits of homes and residential buildings. Advocates of the proposal, known as Home Star and “Cash for Caulkers,” say it would rapidly create construction and manufacturing jobs. Podesta also is pushing for the federal government to retrofit homes and buildings that have been repossessed in foreclosures, and then either rent them or sell them to nonprofit organizations.

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08-31-2011, 11:16 AM
Sounds like Groundhog Day to me.

08-31-2011, 11:37 AM
They play tic-tac-toe on a napkin, while others play checkers. Where are the chess players?

08-31-2011, 01:49 PM

Solyndra to Declare Bankruptcy
President Obama touted the facility only a year ago.

Update: Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization. Click here for the company's full statement.


Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.

"I was told by a security guard to get my [stuff] and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.

Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.

The company has said it will make a statement at 9am California time, though it's not clear what that statement will be. An NBC Bay Area photographer on the scene reports security guards are not letting visitors on campus. He says "people are standing around in disbelief." The employees have been given yellow envelopes with instructions on how to get their last checks.

Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said "it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. "

The federal government offered $535 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.

Some Republicans have been very critical of the loans. "I am concerned that the DOE is providing loans and loan guarantees to firms that aren't capable of competing in the global market, even with government subsidies" Florida Congressman Cliff Stearns told the New York Times.

08-31-2011, 02:09 PM
I think we need more of those $500,000 tree planting programs that create 1 permanent job. GREEN JOBZ111!!!!!