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Politics : Formerly About Advanced Micro Devices

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To: Don Hurst who wrote (660829)7/4/2012 6:50:14 PM
From: Brumar89  Read Replies (1) of 1571175
 
Obama on Abound Solar in 2010: I’ve already seen the payoff from this investment


[ He meant he'd already cashed the payoff checks. ]

July 3, 2012


In a remarkable irony, Abound Solar went bankrupt on the eve of the two-year anniversary of President Obama praising the company. The president cited the green energy company’s $400 million federal loan guarantee as proof of his administration’s commitment to providing jobs.

[W]e’re accelerating the transition to a clean energy economy and doubling our use of renewable energy sources like wind and solar power – steps that have the potential to create whole new industries and hundreds of thousands of new jobs in America.

***

Abound Solar Manufacturing … will manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs. A Colorado plant is already underway, and an Indiana plant will be built in what’s now an empty Chrysler factory. When fully operational, these plants will produce millions of state-of-the-art solar panels each year.

President Obama added that “Already, I’ve seen the payoff from these investments.” Shuttered factories are “humming with new workers … rolling up their sleeves to help America win the race for the clean energy economy.”

http://washingtonexaminer.com/obama-on-abound-solar-in-2010-ive-already-seen-the-payoff-from-this-investment/article/2501259
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