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A jaw-dropping revelation came to light in December 2011 by the Trib Total Media, yet it was ignored by the media and even missed by those of us watching the solar world unfold. 4063686434?profile=original

China's major solar panel companies — whose low-cost products led some American factories to close, helped create the Solyndra controversy and spawned talk of a trade war — were bankrolled in the United States by the world's largest investment banks.
Goldman Sachs, Morgan Stanley, Citigroup, Lehman Brothers, Merrill Lynch, USB Investment Bank and others raised $6.5 billion for seven young Chinese solar panel makers in the mid-2000s by underwriting their securities on the New York Stock Exchange and Nasdaq, a Tribune-Review investigation has found.

 

The Trib goes on, "It's not clear how the idea of using offshore tax havens to get listed on U.S. exchanges developed. But the Trib learned through SEC reports how Chinese solar companies grabbed onto the idea." The first was Suntech Power Holdings Co. Ltd., now the world's largest solar company. It began operating as a Chinese company in May 2002, and by 2004 reported sales of $85.3 million..."

 

However, Bloomberg News reported last week, "Suntech Power Holdings Co. (STP) [was] forced to put its Chinese solar unit into bankruptcy last month, "becoming the latest casualty of a painful slump in the global solar industry,” wrote Townhall.com. But Bloomberg noted that Suntech "began that slide into insolvency in 2009 when customers linked to the founder couldn’t pay their bills and the company booked the sales as revenue anyway, regulatory filings show."

 

What most don’t know is that Suntech is a tiny fraction of "Obamanomics Outsourced," whereas his administration is responsible for steering billions in stimulus funds (and other "green" money) to foreign companies and shipping green jobs overseas. This is clearly a broken 2008 energy campaign promise, but worse, a violation on how the 2009 trillion-dollar stimulus package was sold –– to create jobs and grow the economy here in America.

And I will invest $15 billion a year in renewable sources of energy to create five million new energy jobs over the next decade –– jobs that pay well and can't be outsourced; jobs building solar panels and wind turbines and a new electricity grid; jobs that will help us eliminate the oil we import from the Middle East in ten years and help save the planet in the bargain. That's how America can lead again.

Senator Barack Obama, October 27, 2008

 

Oh NO, he didn't...

 

Last fall, Marita Noon (energy columnist at Townhall.com and my cohort in unearthing the massive amount of clean-energy dirt) and I debunked the president's 5 million energy jobs target as well as the his administration’s labor department's ludicrous claims on what constitutes a green job –– from oil lobbyists, to bus drivers, to garbage men, and so on.

 

Furthermore, if you've been following my blog (now the Green Corruption Files), you know that since 2009 I've been tracking President Obama's trillion-dollar stimulus spending spree, of which at least $90 billion was earmarked for renewable energy and energy efficiency, and doled out through various programs and agencies.

 

For a year now I've been covering the Department of Energy's (DOE) Loan Program, more specifically the stimulus-created 1705, whereas over $16 billion of taxpayer money was used to fund 26 alternative energy projects; of which 23 were junk rated –– as revealed by the Committee on Oversight and Government Reform in March 2012.

 

The DOE’s "junk bond" portfolio (the entire $34.4 billion loan guarantee program for that matter) is where you’ll discover that 96 percent of the firms representing these projects have meaningful ties (bundlers and donors) to President Obama and other high-ranking Democrats; or both –– with five to Senator Harry Reid alone.

 


The Mesquite Solar Project and the $337 Million DOE "Junk" Loan 

 

Over a week ago, I submitted an update, noting that we've covered all but three out of the 26 DOE "junk bond" portfolio, which included the Mesquite Solar project. What's interesting is that this was the ONLY DOE excessively risky loan that I could not locate a direct connection to the Obama White House or any "green crony."

 

But once again, we find that despite the fact that the Mesquite Solar I, LLC (Sempra Mesquite) project received a non-investment grade rating by Fitch in August 2011, our Energy Department went ahead and awarded them a $337 million loan guarantee for a solar power plant in Arizona that is scheduled to be up sometime in 2013, which projects that it would create more than 300 construction job and 7 operating jobs.

 

Hold up…

 

Let's go back to early 2010 when Suntech had been awarded a $2.1 million credit from the Energy Department’s stimulus-funded Advanced Energy Manufacturing (48C) Tax Credit, and according to the Heritage Foundation, in November 2012 Suntech shed some employees, claiming that it was the "U.S. International Trade Commission’s 35.95% tariff on Chinese solar panels was partially responsible for the 50 impending layoffs at its Arizona production facilities" –– thus Suntech ended up on my 2012 Green-Energy Failure Alert List, in the troubled category.

 

But a year before Suntech's troubles were made public (remember their slide into insolvency began in 2009), and in the midst of the September 2011 solar hoopla, Bloomberg News reported that the Mesquite project (with $337 million of taxpayer money), would be purchasing its solar panels from the China-based Suntech Power Holdings Co. Also, Sempra Energy, California’s third-largest utility (a Fortune 500 energy services holding company with 2012 revenues of approximately $10 billion), will sell electricity from the Mesquite Solar 1 plant to California’s largest utility, PG&E Corp., under a 20-year contract –– adding two more to our list of BIG ENERGY (General Electric, NextEra Energy and NRG Energy) that are making big money at the "green" Bank of Obama.

 

Pacific Gas & Electric Packed with Green Cronies and Invested Interest in $7.7 Billion of Stimulus Funds 

 

PG&E maintains a strong political presence in Washington, D.C., and is actively involved in California politics as well.  We’ve already highlighted their Democratic "cronyism footprint," of which much of it was exposed by the Washington Free Beacon last March: “Pacific Gas & Cronyism: Politically connected utility plays corporate bully, makes bank on green energy...”

 

It turns out that "former PG&E employees currently hold, or previously held, high-ranking government positions at the state and federal level, furthering the company’s influence," of which we know that Peter Darbee, then-CEO and chairman of PG&E, wasn't shy about using his leverage with President Obama on at least the $1.6 billion BrightSource Energy DOE deal.

 

The most controversial former PG&E employee to hold an influential government post is Cathy Zoi, a former energy analyst for the company, who also served as chief of staff for environmental policy under President Clinton and was CEO of Gore’s Alliance for Climate Protection. Zoi was the former Assistant Secretary for Energy Efficiency, and oversaw the disbursement of more than $30 billion in green-energy stimulus funds in her DOE position at the Office of Energy Efficiency and Renewable Energy (EERE) –– a post which began in April 2009, and later she briefly filled the role of Acting Undersecretary for Energy.

 

We've already labeled Zoi as one of the “DOE dirty dozen" –– those inside the Energy Department with ties to tens of billions of clean-energy stimulus funds. However, in March 2011, Zoi jumped the DOE ship to work for left-wing billionaire George Soros, Obama’s "Agent of Green," whom just last month I chronicled his dark money and how he has bankrolled Obama victories since 2004After discovering Soros' part in crafting the 2009-Recovery Act and his early 2009 series of regular private meetings and consultations with White House senior advisors, as usual, I followed the money.

 

Soros' suspicious 2009-first quarter stock-buying spree was a huge winner –– a big portion (that we know of) benefited from the federal stimulus, including twelve alternative energy and utility companies. Add in more Soros clean-energy investments, and I concluded that his "green tab" exceeds $11 BILLION of stimulus (taxpayer) money, with the entire Cathy Zoi Green Corruption story still left to tell.

 

PG&E may have gotten the "cold shoulder" on the their smart-grid grant requests, but with their high-powered connections all the way up to the president and inside the DOE, PG&E won a significant amount of stimulus money: at least seventeen transactions to date and over $55.4 million. Better yet, PG&E has an invested interest in "six solar projects that will sell power to PG&E, which have received a combined $5.5 billion in taxpayer-backed DOE loans," as exposed by the Washington Free Beacon, however, I found $7.7 billion.

 

#1. Agua Caliente Solar Power Project located in Yuma, Arizona, of which "PG&E will purchase the project’s power and deliver it to customers in California." Project by NRG Solar: $967 million loan guarantee

 

#2.  BrightSource Energy development located in Baker, CA, of which "electricity from the project will be sold under long-term power purchase agreements with Pacific Gas & Electric and Southern California Edison Company (SCE)." Project by NRG Energy, Inc. (BrightSource): $1.6 billion loan guarantee

 

#3. California Valley Solar Ranch of which the 250-megawatt is under construction in eastern San Luis Obispo County, and "is generating clean, reliable solar power for transmission over PG&E’s utility grid." Project by NRG Solar and SunPower is still involved: $1.237 billion loan guarantee

 

#4. Desert Sunlight Project located in Riverside, CA, with the PPA (purchase power agreement) listed as Southern California Edison and PG&E. This is a First Solar Project that is co-owned by NextEra Energy Resources, GE Energy Financial Services, and Sumitomo Corporation of America: partial guarantee of $1.46 billion

 

#5. Genesis Solar Energy Project located in Riverside County, CA of which "power from the project will be sold to Pacific Gas and Electric Company." Project by NextEra Energy Resources, LLC: partial guarantee of $852 million loan

 

#6. Mesquite Solar 1, LLC located in Maricopa County, AZ, of which Bloomberg News had reported at the time the DOE loan was approved, "Sempra will sell electricity from the Mesquite Solar 1 plant to California’s largest utility, PG&E Corp., under a 20- year contract." Project by Sempra Mesquite: $337 million loan guarantee

 

#7. Mojave Solar located in San Bernardino County, CA, of which at the time of the DOE loan approval (September 2011), "Abengoa signed a power-purchase agreement with PG&E to buy the energy produced by the project for a period of 25 years." Project by the Spanish firm Abengoa Solar, Inc.: $1.2 billion loan guarantee

 

Suntech, Bankrolled by Early Goldman Sachs and other Big U.S. Banks

As revealed in the beginning of this story, Goldman Sachs and other Big Banks here in the United States bankrolled Suntech, and this year in my January post on Kleiner Perkins (John Doerr and Al Gore), I highlighted some of Goldman Sachs' "green."

 

But old information came to light by the Trib Total Media, leading to more "Wall Street Solar" corruption: "Goldman Sachs (Asia) was with Suntech all along. A branch of the investment bank bought 10.8 million shares of Suntech BVI for $2.31 a share. When Suntech switched to the Cayman Islands to go public, Goldman Sachs (Asia) followed, grabbing an 8.66 percent ownership share of the solar company."

 

In 2010, along with old PDF file (April 2011) of Goldman Sachs Environmental Markets (link no longer valid), I had alerted to the fact that Goldman Sachs was cashing in on the "green" stimulus, and as my research developed, I found their DNA all over this green-energy scheme.

 

Then in 2012, I dug deeper I chronicled the Kleiner Perkins and Goldman Sachs connections as well as various renewable energy stimulus winners including, "The First Solar Three Billion Dollar Swindle," which involves three of the DOE's junk loans.

 

Besides their investment in First Solar, Goldman Sachs received two large loans from the 1705 DOE "junk bond" portfolio: Cogentrix of Alamosa, LLC for $90.6 million and U.S. Geothermal, Inc for $97 million –– the former a subsidiary of Goldman Sachs.

 

While U.S. Geothermal snagged millions more in green subsidies, through the Cogentrix transaction, Goldman Sachs cashed in every step of the way –– and their "green cronies" too. This was a striking detail that I found when reviewing the June 19, 2012 House Oversight Hearing, where the CEO of Cogentrix Mr. Robert Mancini testified.

 

Even without extensive research, we find that Goldman Sachs is tied to many other clean-energy projects that received loans, grants and special tax breaks from the Obama administration, and what I've tracked so far are billions of stimulus money that go beyond the four listed above. They are also credited as the “exclusive financial adviser” for the highly publicized bankrupt Solyndra, and in 2010, handled the IPO of both Tesla Motors and Amyris. Other than Solyndra, we find more Goldman stimulus winners that have gone bust: SpectraWatt, Nordic WindPower, and now we place Suntech into the bankrupt category –– all taking millions of taxpayer money down the drain.

 

Also, with a quick glance at that PDF file, there are many more, of which you can find more details in my January post, and all but two (Cogentrix and U.S. Geothermal) that I've personally tracked are on my 2012 Green-Energy Failure Alert List.

 

But it seems, that Goldmanites are not done, and in May 2012, they announced their plan "to channel investments totaling $40 billion over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its economists got excited about emerging markets in 2001," wrote Reuters. This mean that Goldman Sachs will be pursuing more government aid, and they have a "friend" in the White House that is willing to oblige...

 

Despite, the rhetoric and deception, President Obama has his fair share of "Wall Street Buddies," which gave him $16 million for his successful 2008 campaign and dished out more in 2012.

 

We've already established that Goldman Sachs was a top Obama donor (#2 as a matter of fact), giving more than $1 million dollars to his 2008 campaign coffers. Also, two Goldman executives sat on Obama's 2008 Finance Committee, Bruce Heyman and David Heller, while Jennifer Scully and Bruce Heyman were 2008 bundlers.

 

Even though Goldman Sachs turned "red in 2012," supporting Mitt Romney, Goldman employees participated as top donors for President Obama's re-election, and Heyman bundled for Obama again in 2012.

 

Moreover, according to Open Secrets, "47 out of 51 Goldman Sachs lobbyists in 2012 have previously held government jobs." And now find that the infiltration of Goldman Sachs and Citigroup executives inside the Obama administration is extraordinary, even shaping his economic policy, however, more amazing is their footprint inside green energy and the tens of billions of taxpayer money that followed.

 

And “the "Too-Big-to-Fail" Citigroup –– the nation's third-largest bank that snagged the largest amount of federal bailout money, was the #7 top donor to candidate Obama with a few executives lined up as campaign bundlers, and Cit's massive 'Green' Money Machine is even too big to list here, but I unleashed it this past February, which tie them to approximately $16 billion of clean-energy money paid for by the taxpayers.

 

 

Sempra: More Solar, More Taxpayer Money 

 

As mentioned, the Mesquite solar project is owned by Sempra Energy of San Diego, a Fortune 500 Company, and one the “big-three" utility companies in California, and in 2011, I had noticed Sempra Generation, a subsidiary of Sempra Energy, of which their "Energy Solutions" have projects in solar, wind and natural gas.

 

Other than the Mesquite Solar Project and its $337 million DOE loan, in December 2010, Sempra announced the completed construction on the largest photovoltaic solar power plant in the U.S. called the Copper Mountain Solar facility, located in Boulder City, Nevada, of which the usual Green Corruption culprits are involved: PG&E and First Solar.

 

Delen Goldberg of the Las Vegas Sun had this to say in April 2011, "The federal government gave Sempra Generation about $42 million in tax credits, 30 percent of the price tag for Copper Mountain," which cost $141 million –– and the stats at that time on Copper Mountain were as follows:

  • Temporary construction jobs created: 350. Not bad.
  • Nevadans employed: 262. That’s a good share.
  • Solar power coming to Nevada: 0. Zip.
  • Parts manufactured in Nevada: 0. Zilch.
  • Permanent jobs created: 5. That’s not a typo.
  • State incentives developer Sempra Generation received: $12 million. That’s not a typo, either.

About a year later (March 21, 2012 to be exact), President Obama made a special visit using Copper Mountain as "an impressive backdrop" –– now at 10 jobs –– to celebrate his green energy efforts, whereas even Reuters had to cede that "the millions of green jobs Obama promised have been slow to sprout, disappointing many who had hoped that the $90 billion earmarked for clean-energy efforts in the recession-fighting federal stimulus package would ease unemployment –– still above 8 percent in March" –– not much better now at 7.7 percent, yet as I predicted, the president is demanding new "green" spending.

 

Sempra in Cahoots with BP, another Top Obama Donor: Where We Find More "Green" Taxpayer Money 

 

Now, "formerly known as entities Sempra Generation, Sempra LNG and Sempra Pipelines & Storage have now been realigned under Sempra International." But after a few hours of digging in 2011, I found that Sempra is in cahoots with British Petroleum (BP) on a number of green ventures, more specifically, all five of their wind projects, and of course the majority are using GE wind turbines, another Big Energy White House buddy, making bank off of "green” stimulus money.

 

Like the entire Big Wind industry, BP subsidiary BP Wind Energy took advantage of the then expiring "provision that had previously been extended by President Obama’s politically unpopular 2009 stimulus" (AKA the 1603 Grant Program), reported the Los Angeles Times in early October 2011. This was for the Flat Ridge 2 Wind Farm, located in a wind-rich region near Wichita, Kansas, and is a joint venture of Sempra U.S. Gas & Power and BP Wind Energy, of which Sempra says, "The 419-megawatt (MW) project will be the largest wind farm in the state of Kansas when complete."

 

As you probably know, Congress’ January “Fiscal Cliff” bill renewed the PTC for 2013, and tweaked it so that money would be available to any project breaking ground by the end of the year. And to give you an idea on how BP will make out on the Kansas project alone, "Each of BP’s turbines will receive a 2.2 cent tax credit for every kilowatt-hour generated during the first 10 years of operation –– about $1 million per turbine –– adding up to $274 million for BP," recorded the Reactor.

 

Just last week, Big Wind got an early Christmas present: "The Internal Revenue Service adjusted the Wind Production Tax Credit for inflation — an increase that will cost taxpayers $545 million dollars, according to the Institute for Energy," reported the Daily Caller.

 

Hold up...

 

Ironically April has been a very energetic month so far, because also last week more wind blew up the airwaves. With quite the "wind portfolio" (16 wind farms across nine states), BP is abandoning wind –– a story Marita Noon covered in her Sunday column at Townhall.com.

On April 3, BP announced that it was selling its US wind assets — estimated to be worth $1.5 to 3.1 billion. The announcement stated that BP has decided sell the US wind energy business “as a part of our continuing effort to … re-position the company for sustainable growth” and that it would “unlock more value for shareholders.” 

Surprised?

 

Apparently, speculation has been surfacing that BP "is slowly losing faith in the renewable energy sector," and according to the Christian Science Monitor, "[BP] exited the wind sector in Europe, and then near the end of last year announced that it would also sell its solar business." Yet, the motivating factors behind this BP move are "part of a continuing effort to become a more focused on oil and gas, and in part, "by the company's need to sell about $38bn of assets to help finance the costs of the Gulf of Mexico oil spill in 2010."

 

 

Climate Change Radical,  Big Oil Investor, Obama Bundler and Billionaire Buddy, Tom Steyer


Still, BP's renewable energy ventures won plenty of green-government subsidies from the Obama administration, and they have an advocate close to the White House, "Climate  Change Radical" Tom Steyer, of which last September I took notice and wrote a blog entitled, Obama’s Green Cronies Made DNC Cameo: Beneficiaries of Billions of Taxpayer Money," highlighting Obama bundler and billionaire buddy, Tom Steyer.

 

As divulged by the Washington Free Beacon in September 2012, "Steyer is reportedly one of the backers of Greener Capital, which invests in alternative fuel companies that benefit from the anti-oil policies of the Obama administration. Steyer is also the founder and senior managing partner of Farallon Capital Management, a $20 billion hedge fund that ranks as one of the largest of its kind in the world," and they stand "to profit from government policies that increase consumption of natural gas."

 

The Beacon goes on to give more interesting tidbits about Steyer being a Goldman Sachs protégé of Robert Rubin, but what caught my attention was this: "a successful investor, Steyer knows to hedge his bets. His fund owns millions of dollars worth of shares in Big Oil companies such as BP [970,000 shares as of the end of 2013]."

 

Hold up...

 

Did I mention that Mr. Steyer retired from Farallon Capital Management at the end of 2012, and according to Forbes, "sold his stake in the hedge fund firm to his partners?" And did you know that Steyer is also anti-keystone? So much so that early this month Politico reported, "The former hedge fund trader-turned-philanthropist is bankrolling a far-flung political operation pushing environmental causes and candidates, including his pricey effort to torpedo the Keystone XL oil pipeline."

 

OK, so we have a ferocious "greenie" that invested in Big Oil, and besides BP, "among the oil and gas companies that Steyer and Farallon financed and got rich from were Energy Partners, Ltd., Link Energy LLC, Halcon Resources Corporation, Devx Energy, Inc., and a gold mining company named Global Gold Corporation," recently recorded by Darwin Bond-Graham at CounterPunch.org.

 

This reminds me of a vegan –– and activist against meat eaters –– who gains their wealth by investing in slaughterhouses. Too graphic, but definitely we see a hypocrite here, and possibly now Captain Planet meets Robin Hood.

 

Steyer's firm may only be a BP shareholder, but they have plenty of "green" that stand to benefit from Obama's radical and expensive climate change agenda, and already have. Besides Steyer's money raising efforts, he has "considerable influence in the White House," as pointed out by the Washington Post. From Steyer's wealth and political connections that have "played a critical behind-the-scenes role in helping shape the country’s national energy policy” to the fact that "he has spoken with President Obama about how to pursue climate and energy policy in a second term." Steyer was even considered as a replacement to outgoing Secretary of Energy Steven Chu.

 

Mr. Steyer also has strong and expensive connections to the left-wing think tank Center for American Progress (CAP), who is closely aligned with Obama and has taken over key White House positions. CAP is heavily engaged in this green-energy scheme, and they have been on my radar since 2010, which I've mentioned in several of my Green Corruption files –– most recently in my post: Left-wing Billionaire George Soros: Obama’s "Agent of Green," however, the entire CAP Green Corruption piece of this scandal has yet to be exposed.

 

In the meantime, Steyer's bundling bucks never ended, and even though Obama won a second term, this month Steyer hosted a high-dollar fundraiser for our "Campaigner in Chief," even defending the president's efforts to save our planet.

 

Moreover, despite President Obama's anti-oil and gas rhetoric, he doesn't seem to mind taking their cash. Because according to Politico in 2010, Obama was the biggest recipient of BP donations over the past twenty years.

 

Obviously, BP has invested big in clean energy, and it is not limited to their wind projects with Sempra. BP Alternative Energy has other projects and companies in their portfolio that have raked in tons of stimulus funds –– at lease six that I know of.

 

GMZ Energy that received $8 million from the DOE's Vehicle Technologies Program funded by the 2009-Stimulus, and $11 million from the DOE and DARPA. But the big catch was BrightSource Energy, of which BP is an investor, and we've shed light on BrightSources' $1.6 billion shady deal quite a few times, including my recent "George Soros post" with much more dirt to share in the near future. [#1 and 2]

 

Still, as exposed by California Watchdog in August 2010, "The federal government is giving a joint venture involving oil giant BP millions of dollars in stimulus money to build a power plant on farmland near the tiny Kern County town of Tupman."[#3]

 

BP is also "benefiting from a $308 million federal grant over several years for the cutting-edge power plant on cotton and alfalfa fields seven miles from the western edge of Bakersfield. More than half of the money, $175 million, is coming from stimulus funds. The rest is coming from another federal program." Apparently, the DOE gave this grant in 2009 to Hydrogen Energy California, a joint partnership of BP and the multinational mining firm Rio Tinto –– a project considered by the Right as a waste of taxpayer money, with mixed reviews by environmentalists. [#4]

 

The Goshen North Wind Farm is a 50:50 joint venture between BP Wind Energy and Ridgeline Energy, LLC. BP Wind Energy is operator with a site location approximately an 11,000-acre site located some 10 miles east of Idaho Falls, Idaho. It seems that this Idaho wind farm listed as Goshen Phase II LLC on March 17, 2011 snagged 78,055,029 1603 cash grant [docket #2641]. [#5]

 

BP Solar unit of BP PLC (based in London) received $11.7 million in 48C credits, despite the fact that this project is creating jobs overseas, aligning them to others greenies that are outsourcing so called green jobs –– promoting more "Obamanomics Outsourced." [#6]

 

Obamanomics Outsourcing More Green

 

Now, Sempra may have chosen Suntech, the Chinese solar producer as their contractor, and we can't directly blame the president, however, Suntech is just the tip of the iceberg when it comes to Obamanomics Outsourced...

 

Back in February, we said good-by to President Obama’s Jobs Council –– a panel full of "deep-pocket Democratic donors and high-profile financiers" of Obama’s 2008 and 2012 campaigns, noted ABC News in 2011. Meanwhile several were Obama campaign bundlers and it included its share of union representatives like AFL-CIO’s left-wing "elitist" Richard Trumka.

 

I’ve already unraveled the series "Spreading the Wealth to Obama's Ultra-Rich Jobs Council," exposing the five panel members that have raked in tens of billions of “green” funds (directly and indirectly), the majority coming from the 2009-Recovery Act. More insulting is the fact that this fired Jobs Council is "packed with outsourcing companies."

 

Also, as emphasized in my Big Wind Story "A Hurricane of Carnage, Cronyism and Corruption," the Energy and Commerce Committee “in-depth report on its ongoing investigation into the implementation of President Obama’s green-energy stimulus spending,” states that as of December 5, 2012, nearly $16 billion in federal funds has been awarded under the 1603 Grant Program –– which does not factor in regional or state funding –– “approximately $10.8 billion (68%) of the total amount in Section 1603 grants awarded was for wind and another $3.8 billion (24%) was for solar projects.”

 

Nevertheless, the most shocking aspect is that "despite skyrocketing debt, and the "Obama green and recovery promises," the committee found that approximately one out of every four dollars of $16 billion spent on “Section 1603” Renewable Energy Stimulus Program" went to foreign-owned entities.

Just this week we find out that despite the sequester, the DOE awarded "more than $1.2 billion in cash payments to renewable energy projects by the Department of Energy and the Treasury" –– more free money through the 1603 grant program. However, the expensive 1603 program is not the only place where we find that the Obama administration has been outsourcing clean-energy stimulus funds, energy money, and green jobs.

 

NOTE: This list is compliments of the GOP, created sometime in July 2012, and reflects duplications of the foreign entity owned wind projects that I just outlined above, however it looks like they missed British Petroleum (BP). I also took the liberty of placing the list alphabetical order, and made some additions and updates for those transactions that are familiar to my research*.

 

In keeping with my green energy topic, non-renewable energy outsourcing transactions have been deleted.

 

Hold up...

GOP, what's up with ALL THE CAPS?


China:

STIMULUS FUNDS

North Carolina-Based LED Maker Cree Inc. Received Over $39 Million Through The Stimulus And Later Opened Its First Plant In China. Over Half Of The Company's Employees Are Now Located In China And Cree's CEO Says The Company's Strategy Is "Cree Chip, China Heart."

 

LOAN GUARANTEES

Sempra Received A $337 Million Loan Guarantee For An Arizona Solar Plant. The Solar Panels Will Be Supplied By SunTech, A Chinese Solar Panel Manufacturer.

 

JOBS COUNCIL

  • General Electric Cancelled An Order From Wind Turbine Manufacturer ATI Casting In Order To Get The Parts Cheaper From China. After ATI Offered To Match The Price, GE Still Refused The Order. ATI Was Forced To Layoff 302 Workers Due To The Move.
  • General Electric Has Also Been Criticized For Using Chinese Made Wind Towers Over American Towers At The Stimulus Funded Shepherds Flat Wind Farm In Oregon.

STIMULUS FUNDS

Solar Power Industries Received A $5.4 Million Stimulus Grant Before Laying Off American Workers Based On An Increased Reliance On Imports From China.

 

STIMULUS GRANTS*

A123 Systems received $390 million, of which $249 million of it was a Recovery Act Grant, and filed for bankruptcy October 16, 2012. In January of this year, China's Wanxiang Group Corp. won U.S. government approval and acquired A123 Systems Inc. for a $256.6 million bid.

 

Smith Electric Vehicles –– another Obama touted green investment –– received $32 million in federal grants from the stimulus package. However, since 2009 they have "racked up $128 million in losses," and in February 2011, Smith Electric Vehicles announced a potential partnership (signed a letter of intent) with Wanxiang Group, one of the largest non-government owned companies in China that was on a "green USA buying spree." Then in September 2012, struggling, and "short on cash," Smith Electric scrapped its IPO to “pursue private financing opportunities.” Not sure if they are China-owned yet, but the USA is.

 

CLEAN ENERGY TAX CREDITS*

MiaSolé received two Advanced Energy Manufacturing tax credits totaling $101.8 million from the Obama Administration in January 2010, see my Summer 2010 report on Kleiner Perkins, yet it also a VantagePoint investment. In October 2012, "struggling" and "desperate" MiaSole agreed to be sold to China's Hanergy Holding Group for $30 Million, which is considered to be dirt cheap.

 

Recently, the Washington Free Beacon added more outsourcing to this story, which is coming from another taxpayer-funded program that not only hands out tons of "green loans" but also instigates more corporate welfare and crony capitalism.

 

"The U.S. Export-Import Bank (Ex-Im) is financing the purchase of solar panels from a manufacturer now owned by the Chinese that had previously attracted investments from prominent Democrats..." "Ex-Im approved a loan to an Indian developer who wants to buy solar panels from MiaSolé, a California-based solar panel manufacturer. A bank spokesman said the loan amount has not been issued yet, as the financing terms are still under negotiation."

 

Denmark:

STIMULUS GRANTS*

Subsidiaries of Danish wind mill maker Vestas received $51.6 million in stimulus grants to build U.S. based factories, and they have announced plans to layoff 180 U.S. workers and possibly another 1,600 by the end of the tear. Well, it seems Vestas kept their promise, because in October 2012, "[they] cut more than 800 jobs in the United States and Canada this year and may be forced to lay off another 800 employees in North America."

 

STIMULUS GRANTS

The Windy Flats Project Began Construction Before The Stimulus Was Passed, Received A $218 Million Stimulus Grant And Used Wind Turbines Assembled By Seimans In Denmark.

 

STIMULUS FUNDS

Danish Catalyst Company, Haldor Topsoe, Received A $25 Million Stimulus Award For The Construction Of A Demonstration Scale Biorefinery.

 

Dominican Republic:

STIMULUS FUNDS

Parago Used Stimulus Funds to Hire Hundreds of Workers in El Salvador and the Dominican Republic to Administer a Renewable Energy Appliance Rebate Program.

 

El Salvador:

STIMULUS FUNDS

Parago Used Stimulus Funds to Hire Hundreds of Workers in El Salvador and the Dominican Republic to Administer a Renewable Energy Appliance Rebate Program.

 

Finland:

LOAN GUARANTEES*

After receiving over $500 million loan guarantee (from the ATVM program), Fisker Automotive is producing their $100K luxury electric sports car in Finland. However, Fisker, which has been having issues for a while, just this month was reported that "160 Fisker employees were let go, and 53 employees will stay on to manage further negotiations with the Department of Energy and a potential sale of assets."

 

Furthermore, according to Gigaom.com, "The news follows reports that Fisker has hired a law firm to advise it on bankruptcy options. It owes a loan repayment to the Department of Energy this month, and has been cutting costs and furloughed its employees last month. The company hasn’t made a car since the summer of 2012."

 

However, it seems that Gigaom has their GPS on Fisker, and in February 2013, they too (like many of Obama-selected green firms), were seeking Chinese assistance, "Fisker Automotive is reportedly weighing investment and acquisition offers from Chinese auto tech companies. Bloomberg reports that there’s a $350 million offer for 85 percent of the company from Chinese state-owned car maker Dongfeng Motor Corp, and Reuters reports that China’s Zhejiang Geely Holding Group (which owns Volvo) has another offer for a majority stake with a deal between $200 million and $300 million."

 

We'll keep our eye on this one because "Congress set hearing on Fisker troubles for April 24, 2013."

 

France:

CASHING IN

French Wind Farm Developer EnXco Pulled In Over $69 Million In Cash Grants Through The Stimulus' 1603 Program.

 

LOAN GUARANTEES*

In May 2010, the DOE offered AREVA Enrichment Services, LLC a conditional commitment for a $2 billion loan guarantee to support the Eagle Rock Enrichment Facility in Idaho Falls, Idaho. This loan was part of the 1703 loan program, and while AREVA is a France-based company that offers technological solutions for nuclear power generation with worldwide presence, at least the jobs are here in the USA. We think...

Germany:

STIMULUS GRANTS

E.ON Climate & Renewables Received Over $440 Million In Stimulus Grants For Wind Farms That Began Construction Before The Stimulus Was Passed.

 

STIMULUS GRANTS

At Least 25 Wind Turbines For Stimulus Funded Projects Were Supplied By German-Based Nordex.

 

Great Britain:

STIMULUS FUNDS

$39 Million In Stimulus Funds Went To Navistar For Electric Delivery Trucks That Are Manufactured In Coventry, England.

 

STIMULUS GRANTS

British Private-Equity Firm Terra Firma Received Over $40 Million In Stimulus Funds Through An American Wind Consortium It Bought Just Days Before The Stimulus Funds Were Awarded.

 

India:

STIMULUS GRANTS

India-Based Suzlon And Its Subsidiaries Installed Over 200 Wind Turbines Under Obama's Stimulus Grant Program With Most Of The Materials Coming From Its Operations Overseas.

 

Indonesia:

STIMULUS FUNDS

The EPA Gave A $1.5 Million Grant To Indonesia To Reduce Air Pollution In Jakarta.

 

Italy:

STIMULUS FUNDS

Brevini Wind Was Given A $12.75 Million Tax Credit To Build A Facility To Manufacture Wind Turbine Gearboxes In Indiana. Over Two Years Later The Company Has Only Hired 70 Of The 450 Workers Promised And The Company Has Announced They Do Not Expect To Be Operating The Facility Until Late-2013.

 

CASHING IN

Italian Wind Turbine Manufacturers Pulled In Over $84 Million In Cash Grants Through The Stimulus' 1603 Program.

 

Japan:

STIMULUS GRANTS

Japanese-Subsidiary Eurus Energy Received $91.4 Million In Stimulus Grants For A Wind Farm Completed Before The Stimulus Was Passed And Used 180 Turbines Manufactured Overseas By Mitsubishi.

 

Luxembourg:

STIMULUS FUNDS

Luxembourg-Based ArcelorMittal's Subsidiary Received $31.5 Million In Stimulus Funds For A Waste Heat Recovery Unit.

 

Malaysia & Germany:

STIMULUS LOAN GUARANTEES*

First Solar was privy to $3 billion through the 1705 loan guarantee program for three projects, plus suspicious Export-Import bank funding. Then during the May 16, 2012 House Oversight Committee hearing, CA Representative Darrell Issa surmised that First Solar (Germany 560, Ohio 280, and Malaysia with 1680 jobs) is "not an American company." It turns out that the numbers don't lie because CEO Michael Ahearn admitted, "in sheer numbers, most of our full time [employees] are outside the US."

 

Mexico:

STIMULUS LOAN GUARANTEE*

SunPower admitted that some of the solar panels for the $1.2 billion stimulus backed California Solar Valley Ranch would be manufactured at their facility in Mexico rather than their facility in California.

 

UPDATE: Despite SunPower's well-known financial issues, and the fact that it was under a shareholder suit alleging securities fraud and misrepresentations, just days (September 2011) before the 1705 Loan Guarantee Program’s deadline, along with four other solar companies, its $1.2 billion loan guarantee from the DOE was approved.

 

SunPower never directly got the DOE cash because they sold the California Valley Solar Ranch to NRG Energy, a Fortune 500 and S&P 500 Index company, of which NRG and its subsidiaries was the recipient of most of 1705 stimulus loans ($5.2 billion of taxpayer money and counting). But SunPower is still involved in this project and stands to profit if it succeeds.

 

STIMULUS FUNDS

ABB Inc. Received Over $16 Million in Stimulus Funds to Create Green Energy Manufacturing Jobs, the Company Has Laid Off Workers in the U.S. and Transferred Work To Mexico.


Russia:

STIMULUS FUNDS

Ener1 Received Over $118 Million In Stimulus Funds To Produce Vehicle Batteries. After Going Bankrupt, It Was Acquired Outright By A Russian Investor, Sparking Security Concerns Surrounding The Company's Work for The U.S. Military.

 

South Korea:

STIMULUS FUNDS*

Two South Korean companies –– LG Chem and Dow Kokam –– were given $303 million to produce car batteries in the U.S., but then brought in foreign workers. Local unions have criticized the company for filling jobs with foreign workers. The DOE has admitted that 11 of the 18 contractors on site are Asian firms.

 

STIMULUS GRANTS

The Gulf Wind Project Received A $179 Million Stimulus Grant And Sourced The Parts From South Korea, As Well As Japan And Mexico.

 

Spain:

STIMULUS LOAN GUARANTEES*

The Spanish company Abengoa received more than $2.8 billion in loans and grants, making them the second largest recipient of the $16 billion doled out through the DOE 1705 loan guarantee program.

 

STIMULUS FUNDS

Spain-Based Iberdrola Renewables Received $1.5 Billion In Loans And Grants And Claimed It Created Over 15,000 American Jobs But The Company Only Has 850 U.S.-Based Employees

 

STIMULUS GRANTS

Madrid-Based EDP Renewables Received Over $100 Million In Grants For Their Wind Farms and Announced In September 2011 That They Were Planning To Lay Off 10% Of Their North American Workforce.

 

Switzerland:

Swiss-Based Landis+Gyr Received Over $50 Million In Stimulus Contracts For Their Smart Grid Meters. Cathy Zoi, A Former Obama Energy Department Official, Held Over $250,000 Worth Of Stock In The Company As They Profited From Her Department's Policies. Zoi Had Previously Served As An Executive Director At Landis+Gyr Before Joining The Obama Administration.

 

Thailand:

BAILOUT FUNDS

After Taking A Taxpayer-Funded Bailout, General Motors Opened A $200 Million Plant In Thailand To Supply Diesel Engines For The Chevrolet Colorado Pickup Truck.

 

Vietnam:

JOBS COUNCIL

General Electric Opened A $61 Million Factory In Hai Pong To Produce Wind Turbine Components. GE's CEO Jeffery Immelt Chairs The President's Jobs Council And The Company Has Received Over $1.2 Billion In Stimulus Funds.

 

In closing...

If we dug deeper, we'd find much more, however, I'm sure you get the point. But is this just another tally in Obama's long list of broken promises? 

It's much worse than that. Whether the Obama administration is sending green jobs to Finland, Malaysia, or Mexico and billions of our tax dollars to Spain, Britain, and even China, it's more evidence that this administration –– Congress for that matter –– doesn't give a damn about our economy. Obviously, the president's clean-energy dirt has fueled corporate welfare and crony capitalism, and the massive amount of "green outsourcing" is pure deception and an insult to American taxpayers and those of us seeking jobs.

Stay tuned for more Green Corruption Files...

Two Women –– one Citizen & one energy columnist –– join forces on our "mission" to expose one piece of the Green Corruption scandal at a time.

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Live by the political sword, get your foolish throat cut, it seems.
SPUD (with apologies to Idaho) = Super- Pathetic Useless Decision.” Rajjpuut
Dem Landrieu, Obama Moratorium Worse
Economically than BP Spill for Gulf Economy
It happened so easily and quickly that the pundits on the left were calling it a “no-brainer. Apparently that’s exactly how President Barack Obama saw the matter also . . . “we placate the extremist environmental factions within our own party and we show PRESIDENTIAL PRUDENCE by not allowing any Gulf Oil activity for six months while inspecting all the other rigs, an easy call.” Like so many progressive-wing “easy-calls,” however, this decision has hard-to-live with real world consequences. Senator Mary Landrieu of Louisiana is now holding a Barack Obama appointee hostage while she grabs the spotlight to protest the short-sighted Obama 6-month Oil drilling moratorium in the Gulf of Mexico which she describes as “much worse than the BP spill itself.” It happened this way: Landrieu, a Democrat, has taken the unusual tactic of blocking confirmation of Jack Lew, President Obama’s nominee for Director of the Office of Management and Budget (OMB) and says she will NOT allow a vote on Lew’s confirmation, until the offshore drilling moratorium is lifted. In a message to Harry Reid, the Senate Majority Leader, Landrieu wrote, “I do not take this step lightly. But the fact is that the Administration's moratorium on new energy exploration is profoundly impacting the economy of the Gulf coast, while doing nothing to improve safety or environmental performance."
Landrieu additionally accuses the administration of insensitivity or lack of understanding of the effect of the moratorium on Gulf Coast families because since the moratorium, both deepwater and shallow-water drilling have "been brought to a standstill," hurting rig workers as well as nearly 3,000 businesses in Louisiana that support the drilling industry. Mentioning a letter-writing campaign the administration has ignored and doing everything within her power "to get the Administration's attention," she told Reid, Louisiana continues to suffer despite her efforts.
Obama and his administration have continually downplayed the prospect of economic pain caused by the moratorium to justify the drilling freeze. In a recent report, it cited an analysis showing no more than 8,000-12,000 jobs are being affected by the drilling ban and none will be permanently lost. According to LSU Professor Joseph Mason, after examining the administration's report, the analysis is flawed and he says 20,000 jobs are being threatened. The moratorium is set to expire on November 30, but Gulf residents and their leaders are frustrated that no serious talk about lifting it earlier has been heard from the administration whose recent offshore policies have drastically affected offshore drilling in recent weeks. According to The Wall Street Journal:
  • Only five new-well drilling permits have been issued in the past 20 weeks. In normal times before the Deepwater Horizon accident, 60-65 new permits would have been issued.
  • 15 of the Gulf's 46 shallow-water rigs are idle because they don't have permits to drill;
  • By the end of October, 70 percent of the shallow-water drillers will be idle;
  • Five deepwater rigs have left the Gulf; and
  • 30 million barrels of domestic oil production will be lost in 2011.
Live by the political sword, get your foolish throat cut, it seems. The BP Spill may turn out to be utterly small potatoes while Obama’s moratorium is remembered as the Big SPUD. ‘SPUD’ (with apologies to Idaho) = a Super- Pathetic Useless Decision. While the impact upon 20,000 Gulf jobs is definitely not trivial, the energy security of the entire nation is at stake as well as the Gulf economy. This is one of the worst decisions made yet by a president who seems clueless on governing the entire nation and serving 100% of the people as a whole rather than his targeting benefit for his political allies only.
Ya’all live long, strong and ornery,
Rajjpuut
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B.P = “Beyond Perverted?” or “Bad People?”

The further from the political center you are and the further from the Constitution and common sense you get, the more likely that the political system is going to exploit you. There are countless foolish Democrats, feminists, Black and Hispanic and Jewish organizations who have clearly and dearly sold their souls to Barack Obama. Along the same lines, there are numerous idiotic conservatives who will basically never say a word against a particular corporation or against some of the atrocities that go around under the guise of corporate climate, etc. When it comes to exploitation, we are already seeing many of the Left’s progressive toadies starting to feel political repercussions for their loyalty to the Annointed One Barack Obama and the legions (54% of voters backed him in November, 2008) are paying the price for not doing their homework and not casting informed votes and will do so far into the future if the toadies have their way. Similarly, let us look at the case of British Petroleum. Does B.P. = “Beyond Perverted?” Can any self-respecting conservative give lip service to B.P. as a responsible corporate entity?

Before going forward, in the interest of fairness before searing B.P., let’s say a few very obvious things about the Gulf Oil Spill . . . MMS under Ken Salazar had the responsibility to ensure safety at the Macondo drilling site where Deepwater Horizon was located. They gave B.P. several write-offs on safety requirements required by the 1990 and 1994 beefed up drilling safety regulations. Their inspections failed to detect an inadequate failsafe device (a deadman-shut off switch) which ultimately in concert with other problems caused the explosion. They failed to force B.P. to have the ten fire booms necessary at the site (there were exactly zero fire booms on site). MMS officials and inspectors, in the booze, drugs, sex and offshore drilling revelations scandal was shown to be repeatedly in bed with B.P., Obama promised that and the whole climate at MMS would change immediately when he got into office . . . apparently the MMS inspectors were still NOT doing their jobs. More recently, MMS and Salazar and Obama knew on February 13, (ten days after problems arose) about ten weeks before the fire, explosion and sinking of Deepwater Horizon that there were serious problems at the Macondo site when (as one California University engineer put it) “the whole damned place got within a hair of exploding” . . . so if there were ever a great time for a Moratorium on drilling at that site and that site only . . . that was the moment.

Now let’s look more closely at British Petroleum . . . . If Obama’s cap and trade bill becomes law, B.P. may make more money by doing nothing than it ever did by drilling for oil. They are in bed with Al Gore’s London-based Generation Investment Management and they own about 8% of ICE (Intercontinental Exchange) which in turn recently bought CCX (Chicago Climate eXchange) when the heat from Glen Beck’s probes into this massive conflict of interest scandal began ratcheting upwards. In effect, B.P. is investing its profits to the utter detriment of the oil industry . . . .

B.P. is the single largest Obama-contributing corporation. Since backing Obama in 2008 (this is a no-brainer) was sure to tighten the screws on the oil industry and on loosey- goosey B.P. in particular, this was a highly cynical and corrupt attempt to win a “get out of jail-free pass” from the Annointed One.

British Petroleum, it was recently revealed, has for years been violating the internation sanctions on Iran and been freely dealing with that rogue government.

Just because MMS had the ultimate responsibility to the American people for the safe operation of Deepwater Horizon, B.P. is clearly running a close second in ultimate responsibility. B.P. chose which safety rules to ignore and ignored a batch of them. B.P. had been warned by its own inspectors about not just the one dead-man kill switch but several related problems. B.P. chose to operate with not even one of the required ten fire booms on site. B.P.’s negligence killed eleven men, hurt their stockholders and destroyed the Gulf environmentally and economically.

Shady seat-of-the-pants operations seems to be the B.P. norm. Just type the words “British Petroleum MMS scandal” into your search engine and you’ll get about 72,000 hits and 90% of these hits will be over two years old . . . for which the Bush administration and in a few rare cases the MMS under the Clinton and Bush administrations are at fault.

Right here in Colorado B.P. has been fined $5.2 million for false, inaccurate or misleading production and reports . . . in effect cheating the Ute Indian nation out of royalty money they’d earned. Because of B.P.’s scandalous relationships with MMS auditors it took over three years for the case to come to decision. California Republican Darrell Issa has been pushing for some time to re-open investigations into the scandals involving primarily B.P. and MMS but “something always seems to get in the way.”

Finally, there’s the freeing of Abdul Al Megrahi, the Lockerbie Bomber. BP admitted to pressuring the British Government in 2007 to speed up a prisoner release so that they might gain Libyan area drilling permits. Blood money is all over the hands of B.P. executives and for the 189 Americans who died in Al Megrahi’s terrorist attack, Rajjpuut can only say, this is why blanket protection of corporations like Enron and B.P. without first getting all the facts is a foolish, foolish thing for conservatives to do -- by the way, some men live up to 25 years with prostate cancer.

Ya’all live long, strong and ornery,

Rajjpuut

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Author: Brian D. Hill; Help from TheWryEye one of our Authors

Source: USWGOAlternative News

The documents I have been sent detail that the organization RAP (Restore America plan) is sending a criminal complaint against QueenElizabeth of Britain aka the Crown of Britain because while BP doesn'tcare about the Oil Spill mess and the United States Government(Corporate America) is doing hardly anything to deal with the Oil Spillthe American people wants accountability for the Oil Spill so one ofthe guardian elders 'Charlie Miller' of RAP is going after the BritishGovernment as well to hold them responsible since they take many taxdollars out of the investors of BP.

So what is the purpose of this well it is to bring attention to the Gulf Oil Spill to hopefullyenable money to be set aside and finally end the dreadful Oil Spill.

Since the Oil Spill has hurt precious sea life, hurt thousands to hundreds of thousands of fishermen, effecting Mexican waters, and doingmore damage then any other Oil Spill in the history of Oil Spills it iseffecting Maritime Law which means BP has violated Maritime Law.

So the whole point of the maritime faxes is that since the oil spill wasat sea there has been evidence that a International Maritime Law hasbeen broken and somebody has to be held accountable for the oil spilland the cleanup. Yes this brings pressure to bear on some veryimportant parties and will force the right people to wake up and takenotice that their are people that know how to take them to task. Forthem not to listen could freeze many important funds and assets. Sothey have to pay attention now.

The Maritime faxes are attached here: TheFAX Queensigned.pdf, FaxcoversOnly 6-14-10NN.pdf, EmailGroup Contacts.doc,BP NOTICE TO THE CROWN.TIF

Here are some screenshots of the faxes:

BP NOTICE TO THE CROWN

thefaxqueensigned-002

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Financial Times Limited Reports that GE's CEO

Jeffrey Immelt “Hits out at China and Obama”

The old song says, “This Could Be the Start of Something Big,” well, could it be? Could this be the beginning of the end of corporate sponsorship of naked progressivism and virtual communist candidates who want to gut corporations or want them taken over by ever-expanding and ever- expensive big government? Could “the Naked W-hore, Big Business" be returning to its senses? Could Atlas be shrugging right before our very eyes? YAWN, probably NOT!

http://www.ft.com/cms/s/0/ed654fac-8518-11df-adfa-00144feabdc0.html

On July 1, 2010, the London, England-based Financial Times Limited on its blogsite (FT.com) ran the story linked immediately above beneath the headline “Immelt hits out at China and Obama” a story coordinated between two writers Guy Dinmore (in Rome, Italy) and Geoff Dyer (in Bejing, China). According to the regretably mostly UNinformed duo of reporters, “Jeffrey Immelt, General Electric’s chief executive, has launched a rare broadside against the Chinese government, which he accused of being increasingly hostile to foreign multinationals.” Gosh, do you think RED China might be tilting the playing field instead of playing nice, Mr. Immelt? Grow Up, little boy!

The article depicted Immelt expanding upon China’s cut-throat methods (and goals?) and then going on to attack the Obama administration for its anti-business sentiment and legislation. Once again, do you think a child raised by a communist mother and communist grandfather whose Kenyan birth-father wrote the essay linked immediately below (which shows us a typical communist discussion of 100% taxes on the rich, takeover of international business firms in Kenya, and the dire need to transfer wealth from Kenya’s White and Asian citizens to its Black ones) might disapprove of capitalism, Mr. Immelt? Again, Grow Up, little boy!

http://www.politico.com/static/PPM41_eastafrica.html

The story, unfortunately is NOT what it seems to be, here are the facts about Mr. Jeffrey Immelt, GE CEO . . . .

1. GE and Mr. Immelt are in bed with Barack Obama. GE and he personally have not only abetted the campaign funding of candidate Obama but gone out of their way to tie their company into Obama’s pie in the sky “green initiatives” and into the dishonorable lie of global warming (despite the well-known corruption of science in the name of $34 million worth of grants, etc.) and Immelt and GE have been . . .

http://www.timesonline.co.uk/tol/news/environment/article6936289.ece

doing so from the start. When it comes to Washington bucks, no large corporation gets more attention than GE from the Obama’s administration. Here at home GE and Immelt continuously pour praise on the Obama administration and its goals.

2. GE (traces its origin to Thomas Alva Edison, so one would hope the company would be laissez faire capitalistic to its very core) is the w-hore of w-hores in the business world. GE has monstrous holdings in the media and entertainment industry. When it comes to putting its media money where its media mouth is, it takes just three sentences to let the reader know where GE’s sympathies lie . . . . a) GE’s Spanish-language speaking Telemundo went out of its way to ensure Obama’s election and deliver him 69% of the Latino vote in 2008. b) emboldened by Telemundo Group’s propaganda potential, the owner of Telemundo and various media interests in Latin America and Puerto Rico, and Obama and the Democrats surprised Americans and actually sought to bring into law Puerto Rican statehood this April (even though Puerto Ricans themselves have consistently voted against the idea over the last 60 years) for the purpose of giving Obama a much needed two extra senators and five extra representatives in Congress c) GE owns NBC and NBC Universal and MSNBC the cable news channel which has been infamously kissing Obama’s butt-crack for the last three years even more than the rest of the NBC "journalists" do.

3. GE appears to have the inside track for receiving boons to corporations if and when Obama passes his promised legislation “creating five million new green-tech jobs” (Rajjpuut's readers remember that in the Spanish green-experiment taking that country from 3% unemployment in 1997, to 21% unemployement today . . . 22 permenant real jobs in the real economy were lost for every permanent green job because 2.2 real jobs were lost for every single $677,000 subsidized green job created and only one in ten of these green jobs eventually proved permanent).

4. GE is even tied into CCX (the originally Obama-directed Chicago Climate eXchange) which will prosper wildly when Obama's and the progressive** Dems ill-advised cap and trade bill becomes law.

So then, the semi-confused reader asks, ". . . these two reporters for Financial Times Limited got the story wrong?"

No and yes, they reported what Immelt said, exactly what he said. The problem is that if you report on a corporate lamb in corporate wolf’s clothing like Immelt and GE (when they can afford to dress so in foreign lands), it just helps to know the big picture and get that big picture across or the full truth will be lost in the shuffle. Mr. Immelt was trying to impress big European bankers as well as her corporate CEOs, top execs and other bigwigs “at a private gathering in Rome” that he was a realist and a capitalist and well on top of the global situation (where China is using semi-capitalism on top of unveiled ruthless communist techniques tied into spying, piracy and unfair trade practices to eat the rest of the world’s lunch, profitwise). Mr. Immelt presumably didn’t even bother to ponder that via the internet his “unkind” remarks would get back to American audiences.

Accordingly, GE has issued a no-denial denial^^ saying that Mr. Immelt’s words “were misinterpreted, taken out of context and reported inaccurately.” Horse sh_t! GE-sundheit! (Rajjpuut hates sneezing while blogging).

GE, you see, still needs to sell products to China. GE, you see, still needs to be allowed close enough to Barack Obama to run their corporate tongue over Barack’s backsi__ so the great man will continue to favor them . . . you get the idea . . . . hence the non-denial denial by the GE board of directors. Always a bad idea to let a little truth slip, Mr. Immelt.

Yes, China is a ruthless mafia-like entity that may someday soon dominate the entire world’s economy and yes, Barack Obama as you’ve stated, Mr. Immelt, “does not like business and most business (other than GE) does not like him.” Jeff, baby, you even went so far as to praise German Chancellor Angela Merkel for her defense of German industry and commitment to spending cuts and tax cuts (while Obama encouraged all of Europe and the G-20 to continue with the stimulus-stimulus-and-more stimulus spending ideas he’s so in love with) . . . but that doesn’t make you a good guy, Mr. Immelt, quite the contrary. It makes you an unimaginable phony and very, very dangerous to freedom lovers and American patriots.

You and the GE board of directors have taken a mighty and once great American corporation and sold out the principles of capitalism and integrity and corrupted her just as ex-British Petroleum CEO Tony Hayward and BP’s board did. BP, by becoming Obama’s biggest oil-company campaign contributor, got in bed with the devil too. Not surprisingly, BP, much like GE owns 7.59% of Intercontinental Exchange, Inc. a London-based company that owns Mr. Obama’s Chicago Climate eXchange . . . not surprisingly both GE and BP will presumably make more money if cap and trade legislation passes, (for doing nothing but collecting your share of the carbon-trade commissions) than they now do by drilling for oil. And not surprisingly, you two who have sold out the magnificent principles of integrity and capitalism will gain your largesse by raping the American taxpayer, and . . . all the while America waits in vain for its John Galt.

Ya’ll live long, strong and ornery,

Rajjpuut

^^ Mr. Immelt can thus avoid losing face in front of his European contacts

** Unfortunately, while 95% of Americans think they know what a progressive is, only about 10% do know. A progressive is an ultra-leftist who wants to "progress" beyond the limitations of the "outdated" U.S. Constitution just as Barack Obama does. However, Barack Obama is telling the truth when he says, "I am not a socialist, I'm not," because technically a "socialist" who's interested in 100% taxes and 100% take over of the means of production is a communist, which he is, which is how he was raised. Of course, his first autobiography (ghostwrit by Bill Ayers the Weather Underground '60's bombplanter) "Dreams from my Father" has not been vetted by the media . . . most Americans have never heard of this book, nor has his whole background nor that of those closest to him ever been vetted. Barack is a saint and stories that put him in lesser light or stories contrary to his agenda (like the Climate Gate one linked above) canNOT be aired or printed by the mainstream media.

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Rajjpuut has a pretty shameful story to tell you. A story involving the progressive (We need to progress beyond that outdated Constitution”) politicians’ cap and trade bill, British Petroleum, Al Gore and Barack Obama and all the “usual suspects tied into the shameless Chicago Climate eXchange (CCX), and an incredibly incompetent Ken Salazar and MMS (oops we mean an incredibly incompetent Bureau of Ocean Energy Management, Regulation and Enforcement now run by Ken Salazar). There’s plenty of blame to go around, but after doling out accurately and precisely the obvious and semi-obvious blame . . . it’s time to point out what seems to be a potential conspiracy. But, more on that after we take care of “ordinary business” first.

Barack Obama recently claimed during part of his non-ending speechifying that “the Buck stops here” while then going on to blame the Bush Administration for the Gulf oil spill within the next three minutes. Now, ten weeks and counting since the explosion that killed eleven men and caused this disaster, it’s time enough for settling responsibility and doing so accurately. It’s obvious the British Petroleum explosion and ensuing Gulf of Mexico oil Spill is a horrendous environmental disaster. British Petroleum is getting the vast majority of the criticism but in truth, the federal government’s Minerals Management Service (MMS which has now changed its name to the Bureau of Ocean Energy Management, Regulation and Enforcement --a la Nancy Pelosi changing the name of the “public option” to the “citizen’s option” when she was trying to win Obamacare votes) . . . in any case, MMS signed off on safety requirements, not met, from regulations passed in 1990 and 1994 and in Rajjpuut’s eyes MMS, whose job was to protect us from exactly this sort of thing . . . MMS bears most of the blame for the explosion and fire and leak, here’s why . . . .

Most distressing, ten fire booms were required by law to be on the site when in fact there were zero, none, nil, zip, nada to stop the fire. MMS was so deliriously incompetent that they were in the process of awarding BP a safety award for that very same Macondo Drilling Site where the Deepwater Horizon operated. All this becomes even more troubling when you realize that BP began having problems with the Macondo site and mysterious “cracks” as early as February 3rd of this year. At first they did not seem serious, but by February 13th, ten days later, they were acknowledged to be worth reporting and MMS and Ken Salazar and Barak Obama came into that knowledge then or shortly afterward. The American public was never informed.

One University of California engineer described an incident that then happened shortly after this, this way: “I’m telling you, they almost blew the whole damn rig sky high.” Now, if there were ever a time for MMS to insist upon full implementation of safety measures and to “call a moratorium on drilling” at the Macondo site until everything was 100% copasetic and to call in those ten fire booms . . . this was the time. But this was never done, was it even contemplated? Again, the American public was NOT informed. Salazar has not been called to task for his failures which is what Obama would have done were he a strong leader . . . and Obama has still not informed the American public of the full listing of BP problems ten weeks before the explosion or the full listing of MMS failures. Instead, apparently with his approval MMS has changed its name. Now that’s really taking responsibility, Mr. Prez!

So the explosion and SPILL can be blamed about 52% on MMS and Ken Salazar the Secretary of the Interior; about 48% on British Petroleum and roughly 100% of the cover-up of the early problems and not informing the public, can be attributed to Salazar and Obama. ‘Nuff said, now there’s the matter of the clean-up (before we get to the incredible little ‘potential conspiracy’ that needs to be unearthed for our readers) . . . .

While it’s well-known that Barack Obama has never once taken any responsibility for any problems of his administration, the Buck really does stop with him. How surprising is it that after a fire and an explosion that an oil spill might occur? Here it is on his and Salazar’s watch and absolutely NO PROACTIVITY takes place. From his days studying Kepner-Tregoe Management techniques, Rajjpuut can tell you that the first question out of the mouth of Obama and Salazar needed to be, “An explosion, what else could go wrong?” And they needed to be have Salazar on site and the president informed from the get-go. And within hours when it’s known that oil is leaking . . . a plan to avoid the hideous problems we’re now facing needs to be in place to save the beaches, the jobs and the wildlife as much as possible. Let us put 70% of the blame on Obama (the buck stops there) and 30% upon Salazar for not knowing enough about simple management principles that they could immediately spot that oil on the beaches, and oil ruining fishing and tourism was a very likely potential problem they needed to deal with. Obama has repeatedly said he and his administration was “on it” from day one . . . well, once again “Day One” was actually February 13th and they certainly weren’t “engaged” back then. And “Day One” after the explosion didn’t show any engagement either . . . but, in any case, the real problem comes now down to Barack Obama’s total lack of leadership – total lack.

The unions that are so vital to Barak Obama don’t want foreigners coming in to help the clean up . . . so Barack Obama refuses to waive the Jones Act so that none of the 14 nations (many with extensive clean up expertise and clean up experience) who volunteered their time, effort, manpower and expertise to help with the clean-up have been allowed in to help by Obama himself. Obama, only had to say, “that’s nonsense” we’ll take whatever help we can and we'll take it now and then waive the Jones Act, his precious unions be damned.

The Environmental Protection Agency (EPA) has in at least fifteen different instances proved to be severely delaying the clean-up, and blocking the clean up, and blocking the protection of the beaches and wetlands, and blocking removal of the oil from the Gulf itself. What? I hear you saying, the EPA is delaying the clean-up? the EPA is blocking the cleanup? The EPA is blocking protection of the beaches and wetlands? The EPA is blocking removal of oil from the Gulf itself? Yes, that’s exactly what the EPA is doing.

Item: The EPA insisted upon running “environmental impact studies” over several weeks before allowing much clean-up activity to even begin. They're worried about little problems ten years down the road, when Aramageddon approaches?

Item: The EPA has decided that virtually no berms, preventing the oil from reaching the beaches and wetlands can be built.


Item: The EPA has decided that all skimmers which remove the oil must comply with ordinary EPA standards (rather than creating emergency standards in keeping with the emergency situation) and others canNOT skim the oil . . . so by insisting that helpful ships not be allowed to go 10% over ordinary very tight standards they have allowed virtually 100% of the oil mess to stay unskimmed.

Item: the EPA has insisted that 200 skimmers located elsewhere cannot come to the Gulf because they just might be needed in an emergency right where they are now. Let’s see once big accident in 30 years of offshore drilling, what are the odds?

Item: the EPA has not approved of even one from the over 2,000 ideas that have been generated by concerned Americans and American businesses for deep clean-up of the spill on the beaches and wetlands. Some of these ideas are so simple and so cheap (like bringing in hay and domestic plant refuse such as corn stalks to soak up about 70% of their weight in oil) and so effective one can only wonder how much better the situation would be if they’d been in place, say from Day three.

Item: that humongus white boat named the “Whale”, you’ve seen in so many stories about the Gulf, has the capacity in one day to skim up virtually as much oil as has been collected in all the days over the ten plus weeks since the Gulf disaster occurred, but she stays in port because she might put some oil into the water, tsk, tsk and the EPA doesn’t approve . . .
And there’s the Occupational Safety and Health Administration a.k.a. OSHA which is insisting that clean-up workers can only work 20 minutes straight in a given hour. That wouldn’t slow things down, would it? The Coast Guard has gone around forcing skimming ships back to port because they were one life jacket short for the number of workers . . . now that’s beautiful! All this nonsense, bespeaks one sad fact: Neither Barack Obama nor Ken Salazar is a leader. When managing any problem and, in particular, when managing a crisis, the most important things are:

1. Get all the information possible from all the credible sources possible

2. Understand what is going wrong, and what must be done about it

3. Among all the possible goals, understand what is crucial, what is merely necessary, what is just “nice”, and what actually impedes success and progress . . . that is set priorities for goals

4. Communicate that big picture and those priorities

5. Keep monitoring the situation closely

It’s safe to say that Salazar and Obama have missed the boat continuously and are still missing it today when it comes to clean-up and prevention of oil spill related problems for the people of the Gulf. Barack, in particular, has routinely and continuously been saying things that aren’t so, (“on the job from Day One?”) and it appears that his lying is contagious, for example his Feds have said repeatedly that roughly 140 skimmers were at work, but the maximum counted by aerial survey was a mere 31 . . . but let’s get to the big surprise story . . . something that smacks of an awful and terrible conspiracy . . . say it ain’t so, Barack, say it ain’t so . . . well . . . .

The well-known point of view of the environmentalists; the cap and trade activists; the global-warming activists; the green jobs industry (for which Barack Obama promised to provide five million green jobs); and Barack Obama and Al Gore and Maurice Strong and all their scores of Chicago Climate eXchange (CCX) cronies like Joel Rogers and George Soros and that other GS and its people (Yep, Goldman Sachs owns 10% of CCX) and Franklin Raines . . . the key fact is that they’d all be so much, much better off if oil drilling came to a virtual stop and America immediately transformed itself (with government help and most importantly with CCX help) into a green energy country like Spain (unemployment there now 21% but was only 3% in 1997). Obama’s ridiculous six month offshore drilling moratorium is just one expression of their malevolent eyes turned against the oil industry, never mind that immediately instituting those policies would scoot our way of life back to about 1890 . . . . Ah, but now comes the crux of the matter. Guess who else is indirectly involved in CCX and likely to benefit from passage of the cap and trade bill Obama’s pushing right now? Take your wildest guess . . . we’ll wait. Answer below . . .

Ho Hum . . . .

Ho hum . . . .

Do re mi fa sol la ti do! Tah-dah
British Petroleum (BP) owns 7.59% of an entity known as ICE which also owns Obama-Gore-Rogers and Sandors' CCX entity. (No, ICE is NOT the Immigration Control and Enforcement agency) This ICE stands for Intercontinental Exchange, Inc. and is just a cover for CCX, indeed the infamous Richard Sandor (“Carbon Exchange will be a $10 Trillion a year business . . . “) who presides over our little CCX is also on the ICE board of directors -- they’re also in the carbon emissions trading business, of course. ICE is an entity nominally located in London, England near Al Gore’s special little operation Generation Investment Management, you may have heard of it – Gore’s the Biggest of GIM's bigwigs and they are a major owner of CCX, but its real headquarters is Atlanta, GA, USA. So BP is an owner of ICE and BP stands to make a fortune doing NOTHING, not drilling, not supplying oil or any product or service but just for owning a big share of the Carbon-Trading Swindle** we're talking about here. . . hmmmm makes a body shiver, no? It's even conceivable that should cap and trade pass, BP would make more money for doing nothing than they now make drilling for oil. Imagine that!

Ya’all live long, strong and ornery,

Rajjpuut

**Yes, George Soros is the second largest investor in Petrobras (Brazilian Oil) and yes they did recently get a several billion dollar loan from the Obama administration to drill at 14,041 feet, but that’s only small potatoes in the scheme of this horrific scam on the American people . . . . here’s the important stuff: Obama told the San Francisco Chronicle his policies would “bankrupt the coal industry” and he’s mentioned on several occasions that his policies would “necessarily make the price of electricity skyrocket.” Actually that was only a half-truth. Here’s the real truth: The United States economy is $15 TRillion worth of goods and services. Mr. Sandor has fairly accurately stated that carbon-trading (selling blue sky, literally) which adds not a single product or service to the U.S. economy will be a $10 TRillion industry. So without adding any benefit, we will, in effect be taxed $10 TRillion giving us a $25 TRillion economy. All prices will rise on average by 67% ($25 TRillion divided by $15 TRillion = 167%) and entities like ICE and CCX and all those who own and run them (including BP) and non-productive (but non-polluting) businesses created by entities like ACORN and the progressive foundations (mentioned here in the next link) will rob all the rest of us and push our standard of living back 120 years:

So the oil spill response hasn't been very efficient and seems to be dithering along, does it, well that might not be so bad for Mr. Obama, Mr. Gore, BP and the usual gang of crooks involved with CCX . . . just thought we'd mention that just in case you missed it because the American mainstream media refuses to cover any news Obama and his gang don’t approve of, here’s what an ultra-liberal but NOT progressive esteemed European source had to say about Climate Gate and "global warming":

http://www.timesonline.co.uk/tol/news/environment/article6936289.ece

So it seems the Gulf oil spill response has been very ineffective with huge amounts of dithering every step of the way? Perhaps that's not consider too bad by BP, Barack Obama, Al Gore and the CCX people?

Read more…
Obama Allowed BP to Continue Drilling

Despite Severe Problems Two Months Prior to Explosion

First the good news, Barack Obama DID get the word about the Gulf offshore drilling explosion at Deepwater Horizon on Day One. However, it seems there’s an awful lot of bad news tied into the story . . . first the big picture . . . .

It’s been said, “there are lies, damned lies, and then there are statistics.” President Obama is, it seems, guilty of “ultra-gross statisticulating.” You probably heard him say in his recent speech, “. . . we’re running out of oil and places to drill.” But did you know that federal data from the Minerals Management Service (MMS) of the U.S. Department of Interior proves the United States has enough oil and natural gas to fuel more than 65 million cars for 60 years, and enough natural gas to heat 60 million homes for 160 years and that the American Petroleum Institute estimates that oil exploration in the U.S. could create 160,000 new, well-paying jobs, as well as $1.7 trillion in revenues to federal, state, and local governments, all while fostering greater energy security. Does that seem like a huge disconnect to you? Read on, the plot SICKENS . . . .

Most Americans don’t know it, but because of the lunatic fringe of the environmental movement, this country has not been allowed to build one single refinery on American soil since 1974 (36 years!). You probably ARE aware that except for Indian land all other new drilling and exploration on American shore and in shallow-water offshore has been banned in deference to the same environmentalists. You probably don’t know that virtually all oil spills are a product of tanker ship mishaps and that we’ve only had one significant oil spill offshore in thirty years. You probably also don’t know that the BP oil spil was perfectly preventable and that the Obama administration knew about real and potential problems associated with the Macondo oil site over two months before the rest of us ever heard the name “Deepwater Horizon.”

All this hypocrisy and incompetence came together this week with reports that British Petroleum (BP) was (for roughly ten days in very early February) fighting against a series of cracks and other offshore problems at the Macondo well off the Louisiana coastline, this year, right from the earliest moments of drilling. That is, the deepest well in the world (some 30,000 feet down into gulf below the ocean floor) had major problems from the get go; and the Obama administration knew about it over two months prior to the Deepwater Horizon explosion (on February 13, to be specific) . . . when ten days later BP filed with America’s Minerals Management Service (MMS) and the Obama administration and BP not only did not inform the public about the problem, but MMS was actually preparing to give BP a safety award within days of when that explosion took place. That, of course, is just the tip of the iceberg.

There is also a report that a California scientist from the University of California at Berkeley warned of even more serious problems at around the same time when “the damn rig almost blew up.” The administration was also informed about this development, six weeks before the rig's fatal explosion when the engineer from the UC, Berkeley, announced to the world a near miss of an explosion on the rig then. Makes Mr. Obama’s present “moratorium” look like shutting the barn after all the livestock’s long since fled, doesn’t it?

Then there are unsubstantiated reports that BP was asking for the administration's help on this matter long before the deadly accident and the now gushing well slime. So putting this all together, the eleven men who died need not have died. The explosion need not have happened. And the gulf oil spill need not still be going on, or even to have occurred in the first place. Mr. Obama and Mr. Salazar had information in their hands that needed to be acted upon in mid-February.

The American mainstream media has once again failed to unearth the story. Oh, should we mention that the always Obama-butt-kissing MSNBC is owned by General Electric (which is heavily involved in the circle of infamy we’ll be revealing here in the next few days)? Or that the single largest American company poised to profit from Obama’s cap and trade and green-jobs energy policy . . . and yes, from this oil spill, is GE? Well, at least GE has a good (self-interested) reason not to blow the whistle on the scandal, but what about CNN? ABC? or CBS? Perhaps they’re just incompetent, who knows? FoxNews, as usual is at the center of revealing the fiasco, and the Obama administration and Soros and the usual suspects are all declining invitations from FoxNews to comment.

Meditate on that, and tie it into the fact that the Obama-favoring media is not telling the public that roughly nine weeks before the explosion, both BP and Obama knew that the project was in deep trouble. Did we mention the tip of an iceberg?

Right about now, Multi-billionaire George Soros-owned Media Matters.org (a progressive blogsite heavily aligned with the Obama administration) is going out of it’s cyberspace gourd trying to spin a bunch of lies to distract attention from the final scandal of the Obama administration. Sorry George, you backed the wrong horse this time, go corrupt another country!

What would you say if told that Obama, who’s now banned offshore drilling at more than five hundred feet was busy Oking a $2 Billion “preliminary commitment’ to loan money to Petrobras (the Brazillian deep-drilling oil giant) so they could drill at 14,022 feet? The original process was begun by the Bush administration for the purpose of securing future oil. But Barack Obama went along with it. Let’s see that’s over twenty-eight times deeper than Deepwater Horizon . . . . Now that’s a commitment to environmentalism, from our environmental president, isn’t it?

What would you say if told that Soros, the man responsible for 70% of Obama’s foreign presidential campaign donations, had announced in advance virtually every major Obama oil or energy policy weeks before they happened . . . since inauguration day through his Center for American Progress (CAP), a progressive policy think-tank? Wow, Rajjpuut would call that quite a coincidence.

What if you found out Soros, Gore, Obama and many from that same circle of thieves surrounding the Chicago Climate eXchange (CCX) and looking to profit by hundreds of billions if and when Obama’s Cap and Trade bill becomes law were all closely aligned with Soros’ C.A.P. (Center for American Progress), and numerous other Soros-created or Soros-funded or otherwise Soros-entangled progressive foundations and media groups such as MediaMatters.org, the Tides Foundation, etc. were all involved? Did we mention that Soros’ second-largest investment is in a company called Petrobras?

A. Let’s take a quick breather here, “environmental-pal” Obama is loaning money to Petrobras (Petro Brasil) to drill in water twenty-eight times deeper than the deepest well allowed under his six-month offshore moratorium. That seems like a disconnect.

B. Obama claimed to have been involved with the Deepwater Horizon explosion and Gulf oil spill “since Day One” but actually he, or at least Secretary of the Interior Ken Salazar, knew about problems at the site over two months earlier and Americans were not informed and MMS was still giving BP a safety award. Another disconnect?

C. Obama’s single largest donor was British Petroleum. Hmmmm, is that a "connect"?

D. The single most profitted person in all this is George Soros, the single-largest “investor” in the presidential campaign of Barack Obama? Soros makes out like a bandit because he is the second-largest investor in Petrobras which is the company most poised to profit under Obama’s six-month moratorium. Curioser and curioser?

E. The ever-vigilant American media have failed to connect the dots. In fact Obama’s greatest media sycophant General Electric (yep, they own MSNBC) is also connected to Petrobras.

OK, got all that? Here’s a bit more detail that ties it all together in a nice blue package with a progressive knot: there are two brothers, the Podesta brothers working the inside game for Soros and Obama . . . ah, it’s getting late, Rajjpuut needs his beauty rest. MORE TOMORROW . . . .

Ya’all live long, strong and ornery,

Rajjpuut

Read more…

According to Margaret Thatcher, “The problem with socialism is that sooner or later you run out of other people’s money.” According to Barack Obama’s words and actions, there has NEVER been a single problem with socialism or with “scientific socialism inter alia ‘communism.’” Why else would he continue to use Spain as the poster-boy for all the great things he wants to bring us courtesy of his “Great Economy” and violate standing laws to deny real creditors the money due them and instead divert that money into stock ownership to his auto workers union** friends? However, while Barack Obama was putting on his make-up prior to his Oval Office oil spill speech, the Spanish government was telling Spaniards “Oooops, we made a mistake and now we have to undo it.” The brief history is this:

Candidate Obama promised to create five million green jobs in his first term and move the United States “boldly toward” a booming new economy. President Obama has since repeatedly mentioned that goal and repeatedly put Spain out there as his model for America.

Spain, in 1997 was indeed the poster-child for European economic soundness with a booming economy and a miniscule 3% joblessness.

Spain along with Denmark and a few other governments began a shift to a “green economy” by instituting subsidies for environmentally-friendly businesses. They originally expected that roughly $125, 000 could fund the creation of any typical green job. There was an expectancy that these green jobs would be permanent and create a more environmentally-friendly and sustainable economy.

Spain today is almost as bad off as bankrupt Greece is. Last year unemployment reached 17.8%, today it sits at nearly 21%. A Spanish economist finished his study of the green disaster last year and released the results to the world . . . more on this later . . . but in the face of a further collapse in the Euro and a worsening overall Spanish national economy initiating even higher interest rates necessary to sell Spanish bonds and (most Greece like of all) as Spanish unions are calling for a general strike, of the seven endangered European economies, Spain is only marginally better off than the bankrupt Greeks.

Last night, during his speech, Barack Obama again praised Spanish efforts and brought up his promise to create green jobs (as well as the America-killing cap and trade legislation he’s pushing). You’d think that Spain’s green efforts were an unmitigated success, eh?

Yesterday, the Spanish government let it be known that now after a dozen years, they'd begin looking at de-subsidizing green jobs. What that means isn't exactly clear. Removing 10% of the taxpayer backing? Removing 50%? Removing 90%. Let's see what percentage of the new green jobs subsidized every year will now be funded . . . and, under these new circumstances what percentage of green jobs will actually prove permanent. Less than 5%? Less than 2%?

All Obama's words came despite the forenamed Spanish economic study which shows that a) each green job in Spain required a $675,000 subsidy b) the taxes required to create each new green job cost the loss of 2.2 real jobs in the real Spanish economy c) the average green job lasted less than 18 months d) only 10% of the green jobs proved permanent e) the average pay amounted to $10-$14 per hour only, and most importantly f) based upon the very Spanish model Obama’s praising, it’s probable his promised five-million new green-tech jobs would cost eleven-million real jobs and only 500,000 of these green jobs would prove permanent . . . a 22/1 ratio of lost real jobs compared to permanent green jobs created.

For any half-way thinking American, the president’s logic, or lack thereof, amounts to a whole lot to swallow . . . It remains to be seen if so many Americans will once again allow themselves to be taken in by our president. At least 60 lies issued from his facile lips during his first Oval Office staging, but five of these lies are so serious and so obvious that it’s a wonder that a huge collective “Bull-shi-!” did not roar across the nation when those false words escaped his lips, to wit:

1. “We’re running out of places to drill for oil."


2. “We’ve been on top of this since Day One."

3. The unspoken lie: “Bush is responsible for this problem too,” was hinted at in a slightly veiled manner as he talked about the failures of MMS.

4. Mr. Obama talked about converting to “a profitable new green industry” leading the way to future American prosperity.

5. And the illogical conclusion, “This proves we must institute ‘cap and trade’ legislation and green jobs at a cost of TRillions” (that’s right Cap and Trade is a $10 TRillion tax applied to the economy according to Obama associate Richard Sandor president of the Chicago Climate Exchange,CCX, a monstrous conflict of interest that he and Gore and Obama are part of); and the earlier mentioned Spanish green-economy disaster.

Let us now take on the five greatest of Obama’s sixty lies . . . first of all we are NOT running out of oil or lacking places to drill for oil. The environmental fringe has prevented us from building any new refineries here since 1974. The environmental fringe has made it difficult if not impossible to drill on land in this country or for safer shallower offshore wells. And most importantly we now have discovered the largest oil reserve in the world far bigger than the entire Middle East: the Baaken Field . . .

http://paguntaka.org/2008/04/29/north-dakotas-mineral-resource-leader-gives-estimate-of-oil-in-bakken-formation/

unfortunately, only the Indian tribes owning land above the Baaken oil reserves are allowed to drill there.

Secondly, Obama and his administration have actually been dithering since Day One and have NOT been “on top of it.” If they had been, the easily predictable effect offshore, on the beaches, in the marshes and on the fishing and tourist industry would presumably have been met by an incisive federal effort to combat the spill’s effect starting about Day Ten and Mr. Obama would have made last night’s speech about Day Seven.

Thirdly, Mr. Bush has been out of office for almost seventeen months now. Mr. Obama promised to clean up the mess in D. C. as well as the mess in our economy and has not done either, but instead has resorted to blaming Bush for his own failures since Inauguration Day. This economy and this administration are Mr. Obama’s NOW and it's time for the buck to actually stop with him.

Fourth, his monstrous lie, he called green-tech jobs “profitable.” If they were profitable, we would have a major green industry in this country and we do not. If these green jobs were profitable, there would be no problem with oil and it’s emissions. Mr. Obama believes that an edict by him from Washington is all it takes and then POOF! the scientific breakthrough needed will appear overnight magically and then . . . yes, then green jobs will be profitable.

And lastly, Cap and Trade is a conflict of interest that will enrich Mr. Obama, Mr. Gore, about twenty of their key cronies and ten well-known progressive foundations while crippling the American economy to the tune of $10 TRillion each and every year. And both Cap and Trade and “green jobs” are based on the fringe environmental lie that man-caused greenhouse gasses are creating dangerous global warming. That lie was shown by the ultra-liberal London Times to be an absolute fraud:

http://www.timesonline.co.uk/tol/news/environment/article6936289.ece

Clearly, Obama has a lot of blue-sky in mind for all Americans. For a supposedly intelligent fellow, Mr. Obama (and his progressives) do an awful lot of “thinking” with their emotions. “If I want it, it must happen – let there be light!” is not the basis for a logical energy policy.

Mr. Obama, either really does NOT care about Americans and the American economy; or he believes in word-magic . . . the certainty that his merely saying something is so, makes it so. He owns an administration of lawyers and left-wing radicals and neither he nor any single member of his administration has ever produced a useful good or service in their combined lifetime, but he is cocksure that throwing money down the green rat-hole will produce a viable alternative energy economy capable of sustaining 140 million jobs and adding at least 3 million new jobs every year. Our president is delusional. If George Washington marveling at the antics and electrical discoveries of Benjamin Franklin had insisted upon gambling the economy of 1791 America on creating an “electric power grid” he would have been at least as sane as Barack Obama because if green jobs don’t kill 21st Century America; his Cap and Trade and Green Jobs initiatives surely will.

Ya’ll live long, strong and ornery,

Rajjpuut
**in the case of Chrysler's bankruptcy personally orchestrated by Mr. Obama against 220 years of legal precedent
Read more…

Five weeks in, Still No Federal Response
to Prevent or Lessen Oil-Spill Damage to Gulf Shoreline
It must be nice to have a free pass from the liberal-leaning media on everything up to and including shafting a Billy goat on prime-time television . . . but this time, Obama’s carte blanche may not be enough to save his presidency. Obama who earned the epithet “Dithering Barack” for his snail-like, half-hearted responses to requests for an Afghanistan troop surge . . . is up to slow-no-good again, this time on the domestic front in the face of a massive oil spill and a series of crippling tornadoes and ultra-destructive flooding in Tennessee and the Cumberland River Valley.
Item: unable to criticize the ghost of George W. Bush on the oil spill; tornadoes; and Tennessee flooding . . . Barack Obama who had been pouting and sucking his thumb for five weeks now . . . has today finally mobilized the Obama family dog to handle these matters. Relieved environmentalists have declared today’s response a “vast improvement over what we’ve seen these last 36 days.”
Item: 36 days into the tragic Deepwater Horizon explosion and oil spill in the Gulf of Mexico, Barack Obama has shown himself to be a dithering incompetent. He still has NOT called the situation a national emergency and he still has NOT mobilized any federal response to prevent or ameliorate the ecological and economic damage to the Gulf states' coastlines. He has also pointedly NOT shared the truth about federal inspectors and federal agencies giving British Petroleum pass after pass on safety issues.
These same inspectors and agencies had actually been on the verge of awarding BP a top safety award three weeks ago. These same inspectors and agencies deliberately overlooked requiring that ten (10, count ‘em, oops you can’t) mandated fire booms be onsite at the BP disaster site nor at the even deeper, even more prolific Atlantis well (the deepest oil production platform in the world) much further offshore in the Gulf that is still operating unsafely and where it appears BP and the federal Minerals and Management Service again did shoddy work^^. Returning to the present crisis, to be precise, BP had zero, zilch, nada, NONE of the required ten fire booms onsite when the Deepwater Horizon explosion occurred.
The epitome of “maximum statesmanship” from the Obama administration is found in their constant use of the “blame game” and the “race card” in virtually every situation which arises. Perhaps now the mainstream media will stop treating the Obama adminstration as “God walking among us?" The totally unenlightened responses from Salazar, Napolitano and Obama are only 2/3 as shocking as the vile negligence of MMS. Only the U.S. Coast Guard and Louisiana Governor Jindal have shown the requisite calm, competence and clear-headed call for action . . . which of course, Salazar and Obama have ignored.
Item: A series of deadly tornadoes has struck Oklahoma and nearby states in the last two weeks. Obama has NOT mentioned them, nor prepared any federal responses.
Item: If a tree falls in a forest and kills thirty-one people and wipes out all power-sewer-fuel and transportation, destroys viturally all the homes and livelihoods of everybody in an area the size of Pennsylvania . . . but neither the president nor the national mainstream media mention it . . . did it actually happen? Many are wondering why perhaps the largest non-hurricane flood disaster in American history and the worst destruction to hit Tennessee since the Civil War has been essentially ignored by the national media.Nashville is just one small part of the wide-spread flooding that hit the east-central United States. The May 2010 Tennessee floods resulting from torrential rainfal on May 1st and 2nd this year have been labeled "1000-year floods" for Middle and West Tennessee, South Central and Western Kentucky and Northern Mississippi. Two-day rain totals in some areas were greater than 19 inches.
The Cumberland River crested at 51.86 feet in Nashville, so high that the flood control measures instituted by the U.S. Army Corps of engineers to counter future tragedies akin to a 1937 flood which devastated the area that year . . . were virtually worthless. All-time record crests were observed on the Cumberland River Floods from these rains affected the area for several days afterwards, resulting in a number of deaths and widespread property damage. All-time record crests in the affected areas resulted in at least five dozen reporting stations. Perhaps one day the President will comment on this and even, GASP! Respond?
Ya’all live long, strong and ornery,
Rajjpuut
^^ It isn’t often that Rajjpuut finds the Huffington Post worth quoting:
but this link reveals a deplorable situation. If the Atlantis platform were to suffer a similar fate, the damage from the Deepwater Horizon (already the worst oil spill in America’s history) would be like popping a zit compared to a pressurized and uncontrolled fire hose.
Read more…

Item #1:

At a recent press conference answering a question about the Gulf oil spill, White House Press Secretary Robert Gibbs (who said calmly eighteen days ago, “I doubt this is the first such accident and it won’t be the last”) said ex-FEMA official Michael Brown and Fox News on the Neil Cavuto show had accused the Obama administration of deliberately setting the explosion. Of course, both of Gibb’s statements in their entirety and all of the Cavuto interview with Brown are posted on Fox News and no such encounter happened in the entire 5-6 minute interview. Brown, did however, talk about FEMA’s quick response to Katrina and the Coast Guard’s quick response to the BP explosion and commented that both Bush and Obama were a bit slow to move after sterling local action . . . the truth of all that can be seen if you go to FoxNews.com and look over the tape clips. Brown did say, that Obama would definitely use this as an excuse to stop drilling for oil. Gibbs also has talked about “keeping a boot on BP’s throat” just as they want to do to every business in the country. On the other side of the issue in several earlier investigations it appears that sex and drugs and huge campaign donations mark interactions between government and oil companies from time immemorial.

Item #2:

Not only is Chrysler going to be back for another bailout soon . . . but Freddy Mac just today intimated they’ll need more bailout money . . . changing the tune . . . .

http://directorblue.blogspot.com/2010/05/exclusive-estimate-carbon-footprint-of.html

Item #3 notice the link above is "green"

The Los Angeles Times and Fox News were the only ones reporting Al Gore’s purchase of a $9 million mansion near Montecito, California linked above with some awesome pictures. Not his main residence, of course, right next to the rising oceans, but just one of his fleet of mansions. You remember when Al Gore was questioned point-blank by Tennessee Representative Marsha Blackburn, “Do you stand to profit in any way from the bill you’re supporting here?” With a straight-face Honest Al said,Every penny that I have made, I have put right into a non-profit deal, Alliance For Climate Protection, to spread awareness of why we have to take on this challenge. And Congresswoman, if your, if, if you believe that the reason I have been working on this issue for 30 years is because of greed, you do not know me.” With a gross net worth of roughly $1 million in 2000 and a fleet of environmentally UNfriendly homes, Al, must be getting big money from somewhere.

Item #4:

Rajjpuut, however, DOES KNOW Honest Al . . . and does know about Al’s and Barack’s little scam called CCX (Chicago Climate Exchange) . . . and does know that the Cap and Trade bill that Gore was supporting would cost ordinary Americans a minimum of $220 Billion every year. More importantly, Al, Barack, Joel Rogers, the illustrious Mr. Sandor, several Goldman Sachs folks, John Ayers, the firm Goldman Sachs in its entirety and Gore’s own London based firm as well as several progressive foundations stand to profit greatly from the “Ten TRillion*** industry” created by cap and trade legislation.

The word “industry” is ill-advised, of course, since the “product” being sold is sheer blue sky . . . that is, literally NOthing is being sold as something and the jovial Joel Rogers is on video-tape saying that the environment would NOT be helped by cap and trade, not a bit. The same Mr. J. Rogers also said on video-tape that IF, by magic they were able to bring the entire U.S. economy to a halt, all power companies, all industry and all transportation -- zero production of pollutants, it would not help clear up the world’s situation very much . . . but that the real purpose of Cap and Trade was wealth redistribution. By the way, Mr. Obama has said several times and been recorded, “. . . under my Cap and Trade system, energy prices would necessarily skyrocket.”

Meanwhile, Joel Rogers, the mastermind, as well as General Electric (owner of the main news media sycophant, NBC, for all wondrous things Barack and green and social justice-correct) and Cisco would be among the huge winners along with the major union players AFLCIO and SEIU and surprisingly Fanny Mae (long story that). Cisco and GE have been pushing Obama’s green-agenda more than anyone else ever since getting in bed with the great man through monstrous campaign donations.

Item #5:

Within twelve days of the November 17, 2009 revelation of scientific hanky-panky, fraud and malpractice at the Climate Research Unit (CRU) at England’s East Anglia University known all over Europe as "Climate-Gate,"even the ultra-liberal London Times raked the climate-alarmists, global-warming extremists and the well-known scientists enabling their lies over the hottest of coals. Of course, five months later, Americans in general are still not broadly aware that they are and have been the subject of a well-manipulated hoax for over fourteen years . . . and who is to blame for all this American ignorance? 'T'is the progressive media which seldom chooses to print stories contrary to the progressive and extremist environmental agenda.

Item #6:

Real patriotism is clearly ostracized by that same media. Any comment against the TEA Party and conservative Americans is broadcast as a matter of course and never or perhaps virtually never is any actual supporting footage or evidence offered. Case in point, NYC Mayor Bloomberg shortly after the discovery of the car-bomb in Times Square said, “it could have been some right-wing extremists who don’t like the new Healthcare law.” Of course, he never apologized and the media never confronted him with updating of his stupid comments when the Pakistani connection was made.

Item #7:

“Feel-better politics” is the game of the day in the wake of the Times Square car bomb incident. We are being repeatedly and frequently told “we thwarted this attack . . .” when talking about the event. NONSENSE! Nothing was “thwarted,” the incompetence of the bomber saved us. The bomb’s “fuse or igniter” went off and failed to ignite and explode the car bomb. At that point, short of some drive-by gangs and random bullets sent into the whole mess, the bomb could NOT have gone off. The fact is simply this: “we got lucky, again.” We got lucky with the underwear bomber also. We did NOT get lucky with the Arkansas Recruiting Office killer; we did NOT get lucky with the Ft. Hood massacre and all four of those incidents should have clearly and obviously been on the radar and weren’t. “We got lucky” is not what Americans need to hear.

Item #8:

Apparently, U. S. government inspectors failed to notice that an “automatic burn system” required by law since 1994 to handle oil spills was not in place at the British Petroleum operation where the three recent horrific leaks took place. The idea was to burn off immediately any oil spills. Eight fire booms were required to be on-site ready to go. Responsible for those firebooms: the U.S. government, your U.S. government. For its part, British Petroleum also received safety exemptions from both the Bush and the Obama administration for faulty issues. Last one April 6, 2009. Get this, eight days after Press Secretary Gibbs characterized the explosion as a ho-hum matter, the U.S. government was searching around the globe for fire booms, even just one, please anyone!

Item #9:

The Greek unions are revolting angrily about that country’s financial debacle. The unions in Greece are all-powerful and shook down the system for benefits and boondoggles that would make even America’s United Auto Workers blush. Unfortunately, the International Monetary Fund and World Bank which are likely to bail out Greece are both significantly funded by, you guessed it, American tax dollars.

Item #10:

A Gay softball league has denied its championship trophy to a winning team because they were “not gay enough.” Apparently, two "straight" players were allowed on any team and the champs had its maximum two straights but also at least one acknowledged bi-sexual also. Supposedly a 25-member gay committee determined that the bi-sexual was NOT gay enough. Makes the old head spin, it does . . . .

Item #11:

As most thinking people know, capitalism has been proven over the centuries to be the most efficient system for improving the lives of any nation’s citizens. Capitalism is based upon a “meritocracy” which aims to raise the broad level of economic benefit across a society . . . enhanced opportunity for all, equal opportunity for all. Socialism is, however, based upon a sort of “misery loves company” EQUALITY by down-leveling those with money to the level of those without it. This inefficient method dramatically destroys the power of free markets to enhance overall economic conditions. Several tapes of progressive politicians acknowledging on video-tape that Obamacare wasn’t ever about health but only about government control for wealth redistribution were recently shown on the Glen Beck show.
Item #12
Our NYC would-be car bomber was on a no-fly list; paid for his ticket with cash; had NO luggage; and looks somewhat Arabic. He still got on the plane and the plane got on the runway, before the FBI pulled him off . . . isn't that comforting?

Ya’all live long, strong and ornery,

Rajjpuut

*** Yes, that’s a taped remark by the “guilty” parties. And YES, Mr. Gore and Mr. Obama will profit greatly if Cap and Trade becomes law . . . and their $10 TRillion "industry" is created overnight from out of blue sky. Rajjpuut senses extreme conflict of interest from this corrupt twosome.

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