Tuesday, July 06, 2010

Obamath

President Barack Obama on Saturday announced about $2 billion in new investments to help build clean energy technology and create thousands of jobs.

In his weekly address, Obama said that the Department of Energy is slated to award nearly $2 billion in conditional commitments to two solar companies: Abengoa Solar and Abound Solar Manufacturing.

The construction will create about 1,600 jobs in Arizona and more than 70 percent of the components and products used in construction will be manufactured in the United States “boosting jobs and communities in states up and down the supply chain,” Obama said.   Abound Solar Manufacturing will manufacture advanced solar panels at two new plants in Colorado and Indiana, creating more than 2,000 construction jobs and 1,500 permanent jobs.

 

The drilling moratorium in the Gulf  equates to the loss of 37,000 jobs.  Solar panels are made from petroleum products.  So what the prez is doing is swapping 37,000 jobs for ~3,300 permanent  jobs.  What’s wrong with this picture?

 

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