” In his 2011 State of the Union address, President Obama predicted that the U.S. would have “a million electric vehicles on the road by 2015.”
The president backed up his prediction with $2.4 billion in federal grants to companies producing lithium-ion batteries for plug-in cars.
But reality hasn’t even come close.
Despite massive federal spending on electric vehicles, which is expected to total $7.9 billion through 2019, there are currently just 286,390 plug-in vehicles on the nation’s roads today, according to the Electric Drive Transportation Association (EDTA).
That’s 72 percent lower than the million electric vehicles the president predicted four years ago. And with gasoline prices now averaging $2.06 per gallon, the lowest they’ve been since April 2009, that percentage is not likely to change any time soon.”
Lord knows he gave away enough of our tax dollars in his attempt to make it happen , and line his crony’s pockets , but his prognostication still came up short … by miles .
” Although Obama backed up his prediction four years ago with $2.4 billion in federal grants to companies producing lithium-ion batteries to power electric cars, there has been no major breakthroughs that make them economically competitive with gas- and diesel-fueled vehicles, which have become far more fuel-efficient in the meantime.
In fact, with new advances being made in the internal combustion engine, the U.S. Energy Information Administration (EIA) predicts that gasoline and diesel-powered vehicles will still make up 95 percent of all light duty vehicles sold in 2040. “
” Barack Obama desperately wants to take the country over the fiscal cliff. That’s the only conclusion one could possibly draw from the absolute dementia masquerading as his administration’s opening offer. Here’s the basic rundown of what the president would like to see happen.
- $1.6 trillion in tax increases – not just on the wealthy, but on businesses the administration views unfavorably, such as oil.
- $50 Billion in new stimulus spending
- A deferment – of a single year – on the military sequester
- An extension of unemployment benefits for those out of work
- Federal money to shore up underwater mortgages
To top off the lunacy, President Obama would like nearly unlimited power to raise the debt ceiling whenever he likes, as high as he likes. This is something Timothy Geithner hinted at a few weeks ago. If Obama has his way, the only constraint on this power would come when a difficult-to- achieve Congressional supermajority chooses to override his decision. ”
Illustration By Lisa Benson
” Judicial Watch has teamed with Victory Film Group and Stephen K. Bannon, the stalwart award-winning writer/director of “Occupy Unmasked” and “The Undefeated,” to produce a compelling documentary exposing the corruption that has snaked through the last three presidential administrations.
“District of Corruption,” which opened Friday in Phoenix at the AMC Desert Ridge 18, and is also playing at the AMC Lennox Town Center 24 in Columbus, Ohio, is produced in association with Constant Motion Entertainment. The film focuses on the enduring and epic battle Judicial Watch, the nation’s most powerful watchdog organization, has waged against government scandal, secrecy and corruption, with special emphasis on the constant scandals of the Obama Administration, including Operation Fast and Furious, illegal alien amnesty, election integrity, crony capitalism, and bailouts and Solyndra. “
Illustration By Michael Ramirez
“Crony Socialism Is Still With Us”
” This much is clear: Democrats who controlled Congress and the White House used the $700
billion TARP program and the $860 billion stimulus as a giant ATM to pay back favored constituencies, at the expense of the rest of us.”
Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury car dealership in Ukraine
” In late July, John Hynansky — a longtime friend of Vice President Joe Biden , and a major donor
to Biden’s campaigns as well as President Barack Obama’s — was awarded a $20 million taxpayer loan to build a foreign-car dealership in Ukraine. “
“BIOFUELS BOONDOGGLE: AIR FORCE PAYS $59 A GALLON
Pentagon used to pay $2 a gallon for jet fuel – Obama donors benefit”
” The Pentagon pays less than two dollars a gallon for jet fuel.
Under President Obama’s half a billion dollar ‘green energy’ initiative for the military the Navy spent $26 a gallon for biofuel made from algae.
Think that’s expensive? That’s nothing. The Air Force recently spent $59 a gallon for biofuel made from sugar. “
” Solar-cell manufacturer Solyndra became a household name when it collapsed, taking $627 million in American taxpayer dollars with it. It’s the poster company for the government picking winners and losers—or really, just losers—in the energy market. But there are 12 more “green energy” losers that have declared bankruptcy despite attempts to prop them up with taxpayer money—and the list is growing.
There’s a reason why these companies could not rely solely on private financing and needed help from the government. They couldn’t make it on their own; they couldn’t even make it with extra taxpayer help “
He’s as adept at investing as he is at job creation .
It’s getting to be a regular news item , even if the MSM doesn’t see fit to inform their few remaining viewers . Just another day of taxpayer funded “green” subsidies flushed down the rat hole .
” It won’t be the first, if so … and probably not the last, either. Battery maker A123 got more than $250 million in taxpayer subsidies from Barack Obama’s green-tech stimulus, specifically to produce a robust amount of product for Obama’s promised explosion of electric vehicles. Unfortunately, the only thing exploding are A123′s losses. CBS News’ Sharyl Attkisson reports that the company’s latest SEC filings admit “substantial doubt” about A123′s future — even while it spends the remaining $100 million in taxpayer-guaranteed funds (via The Right Scoop):”
We have no problem with convicts being made to work … for the public . That is not what this is about though . Read on and see how Obama and his ” Green Energy ” pipe dream has led to wholesale corruption and crony capitalism on a scale never seen before .
“The Obama administration is using prison labor to advance its green energy agenda, enriching foreign companies and some of the president’s largest campaign donors in the process.”
If it was just a matter of saving the taxpayers money we would be behind it 100% but as is always the case with this administration it is all about their own survival and profit .
” UNICOR typically partners with private companies to install the panels and help the agencies put in place other energy-saving measures. Major beneficiaries of this system include Constellation Energy, which was recently acquired by the Exelon Corporation, a Chicago-based utility provider with deep ties to the Obama administration.”
Guess who has profited handsomely from Exelon Corporation. You guessed it .
” Exelon employees, including a number of current and former top executives, have donated at least $246,000 to Obama since 2007, including at least $83,000 this cycle.”
The only thing “green” about Obama’s alternative energy policy is the cash that lines the pockets of his crony-capitalist bundlers .
” “Blue-collar voters were never that sold on environmental issues, and if some Democrats come across as not keen on economic development, it could lose them support here in Ohio,” he said.
Republicans, from Mitt Romney, the party’s presidential candidate, to the congressional leadership, have madeBarack Obama’s alleged stifling of the energy industry a centrepiece of their campaigns this year. . . .
Mr Romney has said he will approve the Keystone XL pipeline as soon as he wins office and curb the powers of the Environmental Protection Agency.
“Only time will tell whether this is a winning strategy, but there is reason to think it could work. As we’ve mentioned before, energy politics is an area where Obama is particularly vulnerable. His decision to nix the popular Keystone pipeline earlier this year signaled antipathy toward one of America’s strongest industries while doing nothing to help the environment; it was lambasted as a pointless blunder by observers on both sides of the aisle.” “
It can’t be said often enough . Via Doug Ross , a reminder of the crony capitalism that this administration has elevated to high art . Check out Jay Carney trying to explain why Solyndra doesn’t matter . That’s $500 million and 1100 jobs that don’t matter .
“Up is down, left is right, good is bad, and day is night. If you wander inside the Washington, D.C., beltway, you’ll enter a bizarro world where, at times, commonsense is replaced by a localized logic that is completely divorced from the reality.
The latest example of political gobbledygook comes courtesy of White House press secretary Jay Carney, who yesterday lapsed into rambling rhetoric when asked to explain how President Obama can defend the failed Solyndra solar boondoggle, yet attack private sector investments that sometimes fail but oftentimes succeed. Here’s his response:”