It’s bad enough when private companies spend their own stockholders’ money to build plants in Asia and hire cheap labor to do jobs that Americans could do, but it’s really offensive and insulting to Americans to allow this practice to be subsidized by U.S. taxpayers’ money. President Obama’s Stimulus included $8.5 billion in grants for wind farms, and more than half of that money blew overseas, either to foreign developers or to foreign wind turbine manufacturers. Our money created thousands of jobs overseas while the U.S. wind energy industry lost 10,000 jobs last year. The largest recipient of Obama’s program to promote green energy projects was the Spanish Company Abengoa, which received $2.7 billion in loan guarantees for three of its projects. That’s even more than the half billion dollars Obama squandered on Solyndra and another $400 million wasted on Abound Solar, and those two U.S. companies went bankrupt after receiving those multi-million-dollar taxpayer loan guarantees.
Two Korean manufacturers of electric vehicle batteries were given $300 million to build plants in Michigan, but foreign nationals are being brought in to work the jobs that should go to Americans. The Department of Energy admits that 11 of the 18 contractors are Asian firms. North Carolina-based LED maker Cree Inc. received over $39 million from Obama’s Stimulus, then opened a plant in China. Half of this company’s employees are now located in China. ABB Inc. received over $16 million in Stimulus funds to create green energy manufacturing jobs, but then laid off its U.S. workers and transferred the work to Mexico. An $817,000 Stimulus contract was awarded to New Zealand’s Connexionz to install bus monitors in the California city of Santa Clarita.
A Japanese subsidiary, Eurus Energy, received $91.4 million in Stimulus grants for a wind farm using 180 turbines manufactured overseas by Mitsubishi. Solar Power Industries received a $5.4 million Stimulus grant and then, because of increased reliance on imports from China, laid off U.S. workers.
Contributing Editor, Phyllis Schlafly, is the Founder and President of Eagle Forum, a national radio show host, and a best-selling author.
Used with the permission of Eagle Forum.
The Moral Liberal recommends: Phyllis Schlafly and Grassroots Conservatism: A Woman’s Crusade (Politics and Society in Twentieth-Century America)