Why has Obama’s stimulus money stimulated foreign firms?
PoketheBear Asked: Why has Obama’s stimulus money stimulated foreign firms?
I was under the impression the stimulus was for the US ECONOMY?Did I miss something?
80% OF GREEN ENERGY STIMULUS MONEY HAS GONE TO FOREIGN COMPANIES
02-28-2010 6:47 am – Russ Choma – American University
Renewable energy money still going abroad, despite criticism from Congress.
The Investigative Reporting Workshop reported this story in coordination with ABC's World News Tonight with Diane Sawyer and the Watchdog Institute, a non-profit investigative journalism group based at San Diego State University.
Money from the 2009 stimulus bill to help support the renewable energy industry continues to flow overseas, despite Congressional criticism and calls for change, according to a new analysis of the program by the Investigative Reporting Workshop.
The Workshop was the first to report last October that more than 80 percent of the first $1 billion in grants to wind energy companies went to foreign firms. Since then, the administration has stopped making announcements of new grants to wind, solar and geothermal companies, but has handed out another $1 billion, bringing the total given out to $2.1 billion and the total that went to companies based overseas to more than 79 percent.
In fact, the largest grant made under the program so far, a $178 million payment on Dec. 29, went to Babcock & Brown, a bankrupt Australian company that built a Texas wind farm using turbines made by a Japanese company.
Answers:
liberals believe in one world socialism
I ask myself that every day, and why do liberals still support him.
A rising tide lifts all boats.
The stimulus—–
It raised real (inflation-adjusted) gross domestic product by between 1.1 percent and 3.5 percent,
Lowered the unemployment rate by between 0.7 percentage points and 1.9 percentage points,
Increased the number of people employed by between 1.3 million and 3.5 million, and
Increased the number of full-time-equivalent (FTE) jobs by 1.8 million to 5.0 million compared with what would have occurred otherwise. (Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers).
Source(s):
http://cboblog.cbo.gov/?p=1852
What the heck is liberty news online, and why haven't they…or you…provided any evidence for their claims?
DO you have a legitimate source?
Liberty news……. LMFAO
Yea, that seems unbiased.
Liberty News Online from Chatham, New york.Not exactly the kind of authoritative source I'd use to support an argument but you go ahead and have fun with that.I'll wait for some believable source.
As I keep saying all of these so called politicians are bought and paid for by big money they will get the business where they can make the most profit. OWShas the solution to get rid of the paid politicians by getting the money out of politics.
The problem is the Republicans will not allow any jobs to be created in America.
This report is from almost two years ago. If you'd continue reading the entire DATED report, you'll note that while the firms were foreign, the grants were for US companies with US facilities on US soil using US workers.
Here ya go:
http://investigativereportingworkshop.or
Here's a list of over 2,000 US companies who received almost $7 billion in "green grants" from the stimulus:
http://opendata.socrata.com/Government/R
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