November 9, 2009

The Obama Administration sends taxpayer dollars for “green jobs” to Chinese manufacturers
by Bill Levinson

Kirsten Gillibrand’s letter to the Wall Street Journal has already proven that the real purpose of Obama’s “climate change” legislation is to create a market for carbon credits–a phony commodity with even less value than mortgage-backed securities or dot-com stocks–to enrich Obama campaign contribution bundlers like Goldman Sachs and J.P. Morgan Chase. Goldman Sachs bundled almost a million dollars in campaign contributions to help elect Obama so he could pass laws to enrich the company’s highly-compensated executives even further, at the expense of working Americans who will have to pay more for fuel, heat, and electricity. As shown by the following piece in the Wall Street Journal, Obama is now sending our money to create “green” jobs–in Mainland China. Even someone as left-wing as Charles Schumer (D-NY) finds this repugnant.

Schumer, generally no fan of the Chinese government, sent a letter today to Energy Secretary Steven Chu opposing any use of federal stimulus money to support a huge, $1.5 billion Chinese-based wind project in Texas. A Chinese manufacturer of wind turbines, Shenyang Power Group, announced plans last week to erect 240 Chinese-made wind turbines across 36,000 acres in West Texas, in a partnership with Cielo Wind Power LP of Austin, Texas.

Remember, Barack Obama is the best President that Goldman Sachs’ and J.P. Morgan Chase’s bundled contributions could buy. This should be made clear to the working Americans who form the Democratic Party’s base.