Wonder what you would find if you frisked $2 billion of the stimulus money meant to go towards wind power?
Answer: 80% of it is going to foreign companies.
You have got to be kidding me! ABC News reports:
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 in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. But the study found that nearly 80 percent of that money has gone to foreign manufacturers of wind turbines.
Click the photograph below to watch ABC News’ report:
Jim Hoft – from Gateway Pundit – points out some interesting numbers:
US workers may be laid off but a Chinese company is helping build a massive wind farm in west Texas. The firm will receive $450 million in Stimulus cash. The project will save or create 300 jobs in Texas and 2,000 manufacturing jobs in China. That sounds like a good use of taxpayer dollars, huh?
In the end, large government is extremely inefficient and it’s baffling to think that people actually want to put their faith in it. 🙄 Honestly, can we consider this $800+ billion stimulus package a complete failure yet? It has done nothing to “stimulate” the economy and what the hell is a “saved” job!? How do you calculate that?