moonbattery logo

Mar 18 2015

Obama Regime Gives $Billions to Foreign Green Energy Companies

Even if it doesn’t do much to generate electricity, maybe Obama’s green energy spending really does stimulate the economy a little bit. After all, when he pours $billions of our money upon prominent donors like the tax-evading George Kaiser, those donors are sure to spend some of it on limousines, champagne, caviar, et cetera, increasing sales for certain businesses. Except of course when Obama throws our money at green energy boondoggles in foreign countries:

Which company has gotten the most subsidies from the U.S. government? Would you believe it’s a Spain-based green energy company?

Iberdola has gotten $2.2 billion in subsidies to operate wind turbines across the U.S. — making it the largest recipient of federal corporate welfare, according to a report by the left-wing group Good Jobs First.

The company got billions in subsidies from the Obama administration’s 2009 stimulus package.

“When you spread the wealth around, it’s good for everybody.” Other than those whose wealth gets spread, that is. Obama wasn’t just talking about spreading it around within our borders; that would be nativist, xenophobic, jingoistic, and probably even racist.

Iber-on-the-dole-a isn’t alone:

“The 50 parent companies receiving the most federal grants and allocated tax credits include 10 foreign based firms: two each from Germany and Spain and one each from Australia, China, France, Israel, Japan and Portugal. Nearly all are energy companies,” Good Jobs First reported.

“[A] large portion of the funds received by the foreign energy firms came from Recovery Act programs such as Section 1603,” the group added.

How confiscating our money and giving it to foreign companies in the name of kooky environmentalist ideology would help the economy to recover is not explained.

Now even some leftists have had enough of Obama’s malevolent waste of our resources. Republicans have been complaining ineffectually for a while:

Republican lawmakers have criticized the Obama administration for subsidizing energy projects backed by foreign companies. In 2013, house Republicans put out a report claiming that nearly $4 billion of Section 1603 green energy grants went to a handful of large European and Asian renewable energy companies.

“Billions of dollars have filled the coffers of overseas firms while the evidence of the promised permanent jobs and economic growth here in the United States is scarce,” Republicans said in their report. “With these grants, foreign companies appear to have unduly benefited from a program ostensibly aimed at stimulating the U.S. economy, growing American businesses, and creating U.S. jobs.”

When they write the book on the Decline and Fall of America, Barack Hussein Obama and the fools who put him in power will get the longest chapter.

obama-money

On a tip from Rob E.



16 Responses to “Obama Regime Gives $Billions to Foreign Green Energy Companies”

  1. JeffersonSpinningInGrave says:

    “When they write the book on the Decline and Fall of America, Barack
    Hussein Obama and the fools who put him in power will get the longest
    chapter.”

    No doubt. Though, if they win, the chapter will be full of glowing praise for dear leader. They have already somehow convinced themselves that Bill Clinton was the greatest president of the 20th century.

  2. JeffersonSpinningInGrave says:

    “When they write the book on the Decline and Fall of America, Barack Hussein Obama and the fools who put him in power will get the longest chapter.”

    No doubt. Though, if they win, the chapter will be full of glowing praise for dear leader. They have already somehow convinced themselves that Bill Clinton was the greatest president of the 20th century.

  3. TED says:

    Wal hell yah, he’s got tons of cash, and a phone, and a pen.

  4. TED says:

    Wal hell yah, he’s got tons of cash, and a phone, and a pen. It’s not like he has a Congress or Constitution in his way!

  5. SineWaveII says:

    The continuing saga of Broke Insane OweBombYa.

  6. SineWaveII says:

    The continuing saga of Broke Insane OweBombYa.

  7. 762x51 says:

    Let’s be clear on what is going on here.
    Barack Obama and his illegal government are confiscating money from American workers.
    That money is then given to foreign nationals who use it to build expensive, inefficient wind turbines,
    Those wind turbines in turn increase the electric bills of the same taxpayers who funded the project in the first place so that the foreign nationals could make even more money.
    In short, you are paying taxes so that your electric bills will increase in order to enrich foreigners. Yeah, THAT’S in the Constitution.

  8. 762x51 says:

    Let’s be clear on what is going on here.
    Barack Obama and his illegal government are confiscating money from American workers.
    That money is then given to foreign nationals who use it to build expensive, inefficient wind turbines,
    Those wind turbines in turn increase the electric bills of the same taxpayers who funded the project in the first place so that the foreign nationals could make even more money.
    In short, you are paying taxes so that your electric bills will increase in order to enrich foreigners. Yeah, THAT’S in the Constitution.

  9. 762x51 says:

    While I agree that is true, I hope that the complicit RINO’s and cowardly conservatives who sat on their thumb and did nothing to stop him figure prominently in that book.
    Christian conservatives may want to consider the ramifications of having to answer for the sin of allowing evil to advance while they did nothing to oppose it.

  10. 762x51 says:

    While I agree that is true, I hope that the complicit RINO’s and cowardly conservatives who sat on their thumb and did nothing to stop him figure prominently in that book.
    Christian conservatives may want to consider the ramifications of having to answer for the sin of allowing evil to advance while they did nothing to oppose it.

  11. The Auburn Tomahawk says:

    It is. It’s called “treason”, and that is definitely mentioned in the Constitution.

  12. Auburn Rapunzel says:

    It is. It’s called “treason”, and that is definitely mentioned in the Constitution.

  13. JayMS says:

    in fairness many of these companies have US subsidiaries or operations because its too expensive to ship these crappy windmills. But its still a rathole and a waste of tax dollars. And you can bet that the money winds up plenty of other places than employing US workers.

  14. JayMS says:

    in fairness many of these companies have US subsidiaries or operations because its too expensive to ship these crappy windmills. But its still a rathole and a waste of tax dollars. And you can bet that the money winds up plenty of other places than employing US workers.

  15. sowsear1 says:

    “When they write the book on the Decline and Fall of America, Barack
    Hussein Obama and the fools who put him in power will get the longest
    chapter.”

    There will only need to be one chapter!

  16. sowsear1 says:

    “When they write the book on the Decline and Fall of America, Barack
    Hussein Obama and the fools who put him in power will get the longest
    chapter.”

    There will only need to be one chapter!


Alibi3col theme by Themocracy