26 Jun '12, 6pm

Obama has spent billions of tax dollars on subsidizing the outsourcing of American jobs to foreign countries

“79 percent ” of all green-jobs funding in Obama’s $800 billion stimulus package went to foreign companies, with the largest payment going to a bankrupt Australian company. For example, the Obama Administration spent $1.6 billion on Chinese and other foreign wind power. The practical effect of those subsidies was to outsource American jobs. ABC News reported on the subsidies for Chinese wind turbines contained in the stimulus package: Despite all the talk of green jobs, the overwhelming majority of stimulus money spent on wind power has gone to foreign companies, according to a new report by the Investigative Reporting Workshop at the American University’s School of Communication in Washington, D.C. Nearly $2 billion . . . has been spent on wind power. . .But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines. “Most of t...

Full article: http://www.globalwarming.org/2012/01/24/obama-the-outsour...

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