THEFT vs INVESTMENT
Abel
had a choice, on one side there is the failed economic policies of the
past as espoused by Senator McCain and his Republican co-horts. And
on another side is Obama's vision for the future. We, the American
people, chose Obama's vision. This is what democracy is all about.
The American people have spoken. But Republicans do not understand
democracy, because they continue to defy the will of the people, by
constantly obstructing Obama's agenda. Some people never learn,
Republicans are still pushing for fewer rules for corporations and for
more tax cuts for the super rich.
When Obama won the November 2008 election, he couldn't move into the
White House soon enough, the public couldn't wait until he takes over
in January. We wanted Bush to resign immediately so that Obama can
take over right away. We couldn't wait until he officially assumes
the duties a couple of months later in January, because the American
economy was in free fall. Jobs were being lost at the rate of almost
a million per month. And the Bush administration was busy giving away
hundreds of billions of our tax dollars to huge banks and huge Wall
Street corporations. They were all going bankrupt, the bankruptcy was
spreading like wild fire, one after the other, and their bankruptcy
threatened to bring the entire economy down with them. So the
Republicans (while at the same time gave lip service to opposing this
bail out of their fraud filled Wall Street buddies) whole heartedly
supported this "bail out" to the tune of hundreds of billions of our
tax dollars. The deeds of these financial institutions amounts to
ECONOMIC TERRORRISM. And the US government tacitly supported the
actions of the banks and their executives by not questioning the
executives or their executive bonuses for running these company into
the ground. And why hasn't the US government brought criminal charges
on these executives for their fraudulent actions leading to this
economic catastrophe?
Sort of reminds you of the previous Bush, his father, back in the
1980's, because he and his Republican co-horts also gave away hundreds
of billions of our tax dollars to rescue the Savings and Loans
industry that also went bankrupt in the same way, back in the 1980s.
See this link for more info:
http://rationalrevolution.net/war/bush_family_and_the_s.htm
History repeats itself.
It's been one and a half years since Obama has been President, and his
economic program has pretty much succeeded in preventing another
global depression from happening. We have a different president now,
and he's much more interested in Main Street than Wall Street.
What Obama is also trying to do is wean our nation away from it's
fossil fuel addiction. Capping the Gulf of Mexico oil spill remains a
top priority for the President, but he will not let that crisis, or
any other crisis (whether it be in the Middle East or the Korean
Peninsula) derail his plans for remaking the nation's economy.
Compare Presidencies. Bush, and the Republicans wasted hundreds of
billions of our tax dollars to enrich their corrupt corporate buddies
on Wall Street as they fleeced us blind under the "bail out" guise.
But Obama, on the other hand, while having some success in forcing
these corporations to give a lot of that ill begotten money back to
us, he is also instead wisely spending hundreds of billions of our tax
dollars on something that is far, far, far more useful than bailing
out corrupt companies. What Obama is trying to do that is so very
different from what Republicans are trying to do is this: he is trying
to ramp up spending on education, on clean energy, on high speed rail,
on research and development, and on many other investments into the
future. This is what Obama is trying to do, policies that benefit us
all, instead of policies that only benefit the few who are rich and
corrupt. And the Republicans still, shamelessly, continue to
undermine and obstruct Obama's agenda at every chance they get.
There is a big difference. THEFT vs. INVESTMENT. The Republicans
proposed and succeeded in passing nearly a trillion of our hard earned
tax dollars on a criminal bail out program for their rich buddies on
Wall Street. This is called THEFT. But what the Democrats, via
Obama, proposed and succeeded in getting was an 862 billion dollar
economic stimulus package, signed into law last February, that has
succeeded in preventing a complete financial collapse of our economy.
This is called INVESTMENT.
I hope you understand the difference. It's an important difference
which our vast corporate controlled right winged media does not show
any willingness to explain. Think about it.
Abel Malcolm
Abel
Solar companies get $1.85 billion in federal loan guarantees, Obama
says
July 3, 2010 | 11:35 am
Two solar companies are starting the Independence Day weekend in a
good mood after President Obama announced nearly $2 billion in
conditional commitments in his weekly video address.
Obama said the move was an attempt at “accelerating the transition to
a clean energy economy and doubling our use of renewable energy
sources like wind and solar power - steps that have the potential to
create whole new industries and hundreds of thousands of new jobs in
America.”
See the full remarks here:
The idea is to encourage other investors to cough up capital for the
projects. Obama’s announcement comes the day after a new jobs report
from the Labor Department suggested that the job market remains
sluggish.
Colorado company Abound Solar Inc. got an offer for a $400-million
federal loan guarantee to manufacture thin-film photovoltaic solar
panels at two new plants.
The effort is suppoed to create more than 2,000 construction jobs and
1,500 permanent jobs at its Longmont, Colo. facility and Tipton, Ind.,
factory, which is moving into an empty Chrysler plant.
Using its cadmium telluride semiconductor technology, Abound is set to
produce millions of panels annually.
Spanish company Abengoa Solar Inc. received an offer for a $1.45-
billion federal loan guarantee to help construct its net 250-megawatt
Solana project. The installation, which the company claims will be the
largest concentrating solar power plant in the world, will be 70 miles
southwest of Phoenix. Last month, the company announced another large
plant in Abu Dhabi.
In a power purchase agreement with the APS utility, the facility will
be able to deliver power to customers over a 30-year period even after
dark and during cloudy periods with six hours of molten salt thermal
energy storage capability. With enough electricity to serve 70,000
households, the plant will prevent 475,000 tons of carbon dioxide
being emitted each year compared to a power plant that burns natural
gas.
And on a patriotic note, the company estimates that construction will
create up to 1,700 new jobs and operation will spawn 85 permanent
jobs. Three-fourths of the building equipment and supplies, such as
steam generators, heat exchangers, glass and steel, will be
manufactured domestically.
Chief executive Santiago Seage said the installation is already in a
“very advanced stage of development and permitting,” having already
been authorized by most relevant local, county and state authorities.
The company is also working on a similar plant in the Mojave Desert.
Abel
to stimulate the economy, or should we be saving money because of the
deficit?
The real goal here is economic growth, because a stimulated economy
would actually fight the deficit at the same time.
And this is why Obama is focusing so much on economic growth. But
unfortunately, according to a Wall Street Journal/NBC News poll, 42%
said they didn't think that Obama's stimulus legislation passed last
year will help the economy any. A growing number of Americans say
they want spending cut to address big deficits, but they want lower
spending, they want to cut somebody else's pet program, not their own.
The bottom line is this, it's wrongheaded to focus on fighting
deficits right now, because the economy is badly in need of additional
juice from government spending.
Last Saturday, Obama unveiled a $2 billion Energy Department grant
going to two solar-energy companies: a solar-power plant in Arizona
and a Colorado plant making solar panels, these solar projects promise
to create thousands of good paying high-tech jobs. Tomorow, Obama
will unveil a $32 million stimulus grant to a Kansas City facility
that makes electric delivery vehicles, leading to still more good
paying, high-tech jobs.
His next step, Obama will capitalize on his popularity abroad by
trying to expand American exports to Europe, Asia, China, Russia and
Latin America. Obama will be meeting this week with a recently
created "export council" of business leaders who are working on ways
to expand American exports.
Obama has promised to put Russia on a fast pace membership to the
World Trade Organization, in return for Russia's pledge to resume
imports of U.S. agriculture, a deal worth billions of dollars to the
American poultry industry.
Obama has also gotten pledges from South Korea to open their door to
more American auto and beef exports.
Obama has also signalled Colombia and Panama that he's interested in
reviving free-trade deals with them.
http://www.youtube.com/watch?v=2Y1Hwp55aJg&feature=channel
On Jul 4, 12:06 pm, Abel <abelmalc...@gmail.com> wrote:
> From: http://latimesblogs.latimes.com/money_co/2010/07/solar-companies-get-...
>
> Solar companies get $1.85 billion in federal loan guarantees, Obama
> says
>
> July 3, 2010 | 11:35 am
>
> Two solar companies are starting the Independence Day weekend in a
> good mood after President Obama announced nearly $2 billion in
> conditional commitments in his weekly video address.
>
> Obama said the move was an attempt at “accelerating the transition to
> a clean energy economy and doubling our use of renewable energy
> sources like wind and solar power - steps that have the potential to
> create whole new industries and hundreds of thousands of new jobs in
> America.”
>
> See the full remarks here:
>
> http://www.whitehouse.gov/the-press-office/weekly-address-president-o...
> http://latimesblogs.latimes.com/money_co/2010/07/solar-companies-get-...