Friday, January 21, 2011
There are 2 things I'd like to address with this blog post. The first is a story out of what is, (unfortunately), my home state of Massachusetts regarding those wonderful "green jobs" and bailouts.
Evergreen Solar, a company that manufactures solar panels etc. here in Massachusetts. They have received $40 million in "state financing", basically bailout money, to build a plant and created some of those fantastic "green jobs" you hear so much about. This story explains all of the details and as usual I'd like to highlight some of the finer points of the story.
"Evergreen makes the case that the China move will make everything better and, on paper at least, it looks like it has potential.
But in Massachusetts, the nearly 1,000 people employed by Evergreen — in Marlborough and at its Devens manufacturing plant — might not be as rosy about China."
You see, the main point is that the company is shifting it's manufacturing to China where it's cheaper to do so. The bailout funds came with strings attached as they had to maintain the Massachusetts jobs for a few years but that gives them plenty of time to get established in China. The article points out the problems with these "green jobs" and the facts that may well show just how temporary they may be.
"• Everything that Evergreen Solar is doing in Devens — wafers and cells — is also being done in China
• Evergreen Solar will no longer be making its own solar panels by the end of 2011
• Evergreen’s Massachusetts job requirements will start expiring in 2012, and the company will be free of its commitments by 2014"
Translation: All of you in Massachusetts who received these great "green jobs" with that bailout money are almost guaranteed to be out of the job come 2014. That's only 3 years away. These bailout led economic plans are garbage and that leads me to part 2 of this post.
President Obama changes economic advisers more often than celebrities change spouses. His newest superstar is Jeffrey Immelt of GE. Under Immelt's superstar leadership GE has lost some 50% of it's stock value but he's of course tied into the light bulb industry which now has all sorts of new regulations regarding energy use. Do you still not see the trend America? It's just like the labor unions being in collusion with government despite bankrupting many states.
I'd like to leave you with one last link. This video takes awhile to watch but it's fascinating and will teach you more about history and economics than all of Obama's so-called economists could ever hope to know. This video will show you what's going on in such a clear way and with so many facts of history that even the most daring progressive liberal will just hide over at the Huffington Post cracking jokes about right wingers rather than risk engaging in a debate.
Watch and learn.
If you've taken the time to watch that entire video I have to ask you something. Did that video make sense to you? Or do you still think we're on the road to recovery simply because Obama keeps telling you that we are? "Back from the brink" my ass.