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Obama’s Green Jobs Boondoggle

by Keith Koffler on June 8, 2012, 8:39 am

You remember that one, right? That was Rahm, speaking before the stimulus passed in early 2009.

Well, the crisis didin’t go to waste, but the stimulus did. Such thinking is at the heart of why this country remains stuck in an economic rut. It’s not George W. Bush who’s holding us back.

I bring this up because yesterday, Darrell Issa staged one of those dramatic moments on Capitol Hill that slices through the buttery rhetoric and gets right to the reality beneath.

Part of the reason the stimulus didn’t work is that it wasn’t wholly a stimulus bill. It was a a fat cash cow stocked with the delayed dreams of Democrats.

Within the legislation was a marbly section of fat that called for taxpayers to devote massive funds to President Obama’s green jobs fantasy.

Here’s how that worked out, according to a September story in that rabidly right wing organ, the Washington Post.

A $38.6 billion loan guarantee program that the Obama administration promised would create or save 65,000 jobs has created just a few thousand jobs two years after it began, government records show.

The program — designed to jump-start the nation’s clean technology industry by giving energy companies access to low-cost, government-backed loans — has directly created 3,545 new, permanent jobs after giving out almost half the allocated amount, according to Energy Department tallies.

President Obama has made “green jobs” a showcase of his recovery plan, vowing to foster new jobs, new technologies and more competitive American industries.

Many economists say that because alternative-­energy projects are so expensive and slow to ramp up, they are not the most efficient way to stimulate the economy.

Now, Issa finds, even that was an underestimation of the failure of the program. Because the Obama administration, desperate to ensure a successful outcome, redefined a successful outcome: It made everything a green job!

Check this out. It’s pretty compelling.

President Obama habitually claims that he devoted stimulus money to longer term projects like clean energy because he wanted to ensure that once the economy gets on a sound footing, it will remain there by producing the “jobs of the future.”

But everybody knows that the stimulus bill, dryly named the “American Recovery and Reinvestment Act of 2009,” should have been called “Christmastime for Democrats.”

The green jobs debacle illustrates the dismal result of trying to pick favorites and social engineer yourself out of an economic crisis. This wasn’t about the country’s economic future. It was about the Democratic agenda.

Rahm tipped the White House’s hand. And Americans are literally paying the price.

{ 3 trackbacks }


Janna June 8, 2012 at 9:08 am

I have two Rottweilers….and a shovel ready job for ya right here!

RickW June 8, 2012 at 9:10 am

LMAO are you reading my mind, Janna? LOL

RickW June 8, 2012 at 9:09 am

Ah for the “Shovel Ready Projects” of the past……….

ol gator June 8, 2012 at 9:26 am

when it comes to “green jobs”, it all depends on what the meaning of “is” is…

Stephen C. June 8, 2012 at 9:34 am

Once again, the spoils of a democrat in the White House proven.. They get richer and we get poorer.
Great article of work Keith.

Girly1 June 8, 2012 at 9:41 am

Give the guy a break! He’s creating ‘green’ jobs for all the ‘greenskeepers’ on the golf courses….not to mention rakin’ in the ‘green’ at all those fundraisers! What a guy!

DeniseVB June 8, 2012 at 9:44 am

All those failed green businesses sure trace those failed CEO’s back to Obama’s war chest. There’s the Chicago way for ya.

DV June 8, 2012 at 9:56 am

as luck would have it, there is a very humerous book review, by Philip Cross, in The Financial Post (Canada) about the book, ‘The Escape Artists”
by Noam Scheiber, subtitled, ‘How Obama’s Team Fumbled the Recovery”
Good review and timely book

Just2old June 8, 2012 at 10:15 am

And this is why Gov Romney stood, alone, in front of Solyndra and gave a blistering speech the past week. Keep it up Mitt!

TimG June 8, 2012 at 10:30 am

So far the Obummer administration has just been stimulating themselves by taking more from the actual taxpayers, who in turn are not feeling stimulated at all. When Mitt clears a path to prosperity just maybe congress will get out of the way and the economy will get real stimulation.

Shovel Ready!! What a shovel full of ……..

Anne Lieberman June 8, 2012 at 10:35 am

See also Rael Jean Isaac: “Europe’s Green Energy Suicide” in the WSJ. (Gee, ya think this has anything to do with their fiscal crises?)

RickW June 8, 2012 at 10:40 am

“And where is the president in all this? On his way to Anna Wintour’s house. He’s busy. He’s running for president.

But why? He could be president now if he wanted to be. ” – Peggy Noonan, WSJ 6/8/12 Full ink follows:

Robin H June 8, 2012 at 11:43 am

Ouch, that’s gonna leave a mark.

Susan June 8, 2012 at 10:40 am

Great article Keith. Darrell Issa is amazing. Was this grilling before or after the DOJ slapdown? He sure knows how to get right to the meat of the left’s hypocrisy. Someone who works in a second hand shop is considered a green job? Guess that means I’ve been working in the “green” industry for a good many years because of all the garage sales we’ve had. Only in the fraud-in-chief’s utopian vision of America…

Susan June 8, 2012 at 11:32 am

Maybe we could try to harness all those “headwinds” the fraudster keeps referring to. He could use them as the sole source of energy for the retirement home he’ll be moving to in January. Get used to wearing sweaters like the peanut farmer, Barry & Mooch. Heard the Chicago winters are pretty brutal ;-)

Sadie June 8, 2012 at 12:30 pm

Not even Kermit the frog survives in Pah-kee-stan. $7 million wasted dollars into the armpit of that country. I guess the “one” considered it a drop in the bucket against the several billion annually that is poured in.

November 2012, we’ll tell him how to get to Sesame Street. ; )

Anonna June 8, 2012 at 12:38 pm

Will they pay me to wear used clothing? I’ve been doing it for decades and it seems as valuable as working in the Good Will where I buy them.

I can see investing in alternative technologies — though getting together a pile of other people’s money (taken involuntarily from tax payers) to do so is reprehensible because it relieves the “investors” of any risk.

Were the jobs that Issa mentioned among the 3,545 new green jobs that were created? Did this adminstration really categorize a floor sweeper as a green job because the floor was in an alternative technology company’s building? Can this possibly be true?

I think my head is going to explode if it is.

Robin H June 8, 2012 at 2:08 pm

Duct tape helps. And you can find it in a variety of colors to match whatever you’re wearing…

Anonna June 8, 2012 at 6:28 pm

LOL! I felt just as gobsmacked when I learned that MoochMORE actually went on Letterman and actually did a “top ten” list about eating healthy. We have gone so far beyond Satire World or Bizarro World that we need a new name for the world in which we live in today.

Quintis Arrius June 8, 2012 at 12:39 pm

And Biden meeting Finland’s President (where Fisker is headquartered) and now Biden meeting Obama. Sounds like somepeople are trying to get their story straight.
Fisker sounds like NASA from the late 50′s “All of our vehicles blow up.”

MaryOhSoContrary June 8, 2012 at 12:49 pm

Do you ever think our grandkids (the next generation) will be all “can you believe how dumb they were? Carbon credits? Cloth grocery bags? Please don’t tell me Gramma drove a Volt!?!” Bwahahahaha…

The idiosy of the self important “Greenies” and the scheming of their beloved politicians. Solyndra should be slang for “defrauding the taxpayers” as in “did your town council Solyndra our tax rates or what? They need kicked outta office like Buh-Rock!”

Solyndraing. The new Borked!

Lizzy June 8, 2012 at 1:13 pm

Do the jobs MO created in all the sweat shops for her wardrobe count?

Sadie June 8, 2012 at 2:42 pm

About as many jobs as Obama promised with solar panels on the WH.

Betcha, the Obamas claim the “vegetable garden” as green jobs, too.

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