One of then candidate Senator Barack Obama (D-IL)'s promises when he ran for President in 2008 was that he would create five million green jobs.
So as part of the Feburary 2009 stimulus (a.k.a. Porkulous) of $847 Billion, almost 6%, or $50 Billion, was earmarked for shovel ready green energy, to be monitored by Vice President Joe Biden. That was a pretty significant "investment" in energy from solar, wind, geothermal and maybe unicorn flatulence.
Despite anemic job growth during the Obama so called Recovery, America has come nowhere near creating five million green jobs. But to justify what they have Representative Darrell Issa's (R-CA 49th) Government Reform and Oversight Committee hearing in June 2012 explored how the Obama Department of Labor defines "green jobs".
My favorites were floor sweeper at a Green manufacturer, antiques dealer and an Oil Lobbyist who advocates green issues.
Many critics of Porkulous suspected that it was an unwise expenditure from the Federal Government that acted like a slush fund for the Obama Administration's favorite groups and contributors. The cronyism and corruption in green transportation can be seen in Amtrak, supposed High Speed Rail projects and most pointedly in green energy projects (FutureGen coal gassification and Solyndra).
During the First Presidential Debate in Denver, Republican Presidential nominee Governor Mitt Romney asserted that President Obama did not pick just with winners and losers with $90 Billion in tax breaks but that the incumbent picks losers.
Let's see how President Obama's bets on green energy companies have been paying off.
To use the Obama 2012 forward (sic) sounding campaign parlance, are you ready to go all in with your great grandchildren's inheritance or are you going to hedge your bets on November 6th?
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