Obama
Told America that his Green Investments Would Take The Country Forward
but Instead all of them Are Going Belly Up and Taking Jobs And
Taxpayer Cash With Them
• ELECTRIC CAR BATTERY MAKER A123 SYSTEMS HAS FILED FOR
BANKRUPTCY AFTER $249 MILLION IN TAXPAYER SUPPORT
A123
Files Bankruptcy – Another Obama Green Failure
Today, Taxpayer-Backed A123
Systems, A Maker Of Rechargeable Lithium-Ion Batteries For Electric
Cars, Filed For Bankruptcy. “A123 Systems Inc. (AONE), a maker of
rechargeable lithium-ion batteries for electric cars, filed for
bankruptcy after failing to make a debt payment that was due yesterday.
The company listed assets of $459.8 million and debt of $376 million as
of Aug. 31 in Chapter 11 documents filed today in U.S. Bankruptcy Court
in Wilmington, Delaware. Chapter 11 is the section of the Bankruptcy
Code used by companies to reorganize.” (Dawn McCarty and Craig Trudell,
“Electric Car Battery Maker A123 Systems Files Bankruptcy
Papers,” Bloomberg Businessweek, 10/16/12)
A123 Systems Has Posted At
Least 14 Straight Quarterly Losses With Shares Falling 85 Percent This
Year. “A123 has posted at least 14 straight quarterly losses. Its shares
have fallen 85 percent this year to 24 cents at yesterday’s close in New
York and traded at 16 cents at 8:29 a.m. before the start of regular
trading.” (Dawn McCarty and Craig Trudell, “Electric Car Battery Maker
A123 Systems Files Bankruptcy Papers,” Bloomberg
Businessweek, 10/16/12)
(List
of Obama Failed Green Energy Companies below)
FLASHBACK: In July 2011,
President Obama Touted A123 Systems As A Job-Creating Company With
Soaring Demand For Its Vehicle Components. OBAMA: “There’s A123, a
clean-energy manufacturer in Michigan that just hired its 1,000th worker
as demand has soared for its vehicle components. Companies like these
are taking root and putting people to work in every corner of the
country.” (President Barack Obama, Remarks By The President On Fuel
Efficiency Standards , Washington, DC, 7/29/11)
After A $249.1 Million Federal
Grant And Struggling With Costs Of Recalled Batteries, A123 Systems Is
Looking To Make A “Deal With Wanxiang Group Corp., China’s Largest
Auto-Parts Maker, For Financing In Exchange For A Majority Ownership
Stake.” “A123, which received a $249.1 million federal grant in 2009 to
build a U.S. factory, needed a financial lifeline after struggling with
costs from a recall of batteries supplied to Fisker, the plug-in hybrid
luxury carmaker. A123 announced in August that it was working on a deal
with Wanxiang Group Corp., China’s largest auto-parts maker, for
financing in exchange for a majority ownership stake.” (Dawn McCarty and
Craig Trudell, “Electric Car Battery Maker A123 Systems Files Bankruptcy
Papers,” Bloomberg Businessweek, 10/16/12)
With Wanxiang’s Large Stake,
Obama’s “Made In America” Dream Is Unlikely To Come True For Electric
Vehicles And Batteries. “President Barack Obama called A123 Chief
Executive Officer David Vieau and then-Michigan Governor Jennifer
Granholm during a September 2010 event celebrating the opening of the
plant in Livonia, Michigan, that the company received the U.S. grant to
help build. ‘This is about the birth of an entire new industry in
America — an industry that’s going to be central to the next generation
of cars,” Obama said in the phone call, according to a transcript
provided by the White House. “When folks lift up their hoods on the cars
of the future, I want them to see engines and batteries that are
stamped: Made in America.'” (Dawn McCarty and Craig Trudell, “Electric
Car Battery Maker A123 Systems Files Bankruptcy Papers,”~Bloomberg
Businessweek, 10/16/12)
A123 Is Saddled With A Costly
Recall Due To Faulty Batteries Supplied To Fisker Automotive – Another
Obama Green Energy Boondoggle
Fisker
Karma’s Catch Fire – Another Green Obama Failure
A123 Incurred Heavy Losses Due
To A Recall Of Defective Battery Packs It Supplied To Fisker Automotive.
“The losses stem from A123’s recall of defective batteries built at its
Livonia, Michigan, plant. The flaw came to light earlier this year when
a Fisker Karma plug-in hybrid with an A123 battery failed during a test
by Consumer Reports magazine. The repairs will cost nearly $67 million
and force A123 to rebuild its inventory. A123 makes the battery for the
Fisker Karma, the BMW hybrid 3- and 5-Series cars and GM’s all-electric
Chevy Spark due in 2013.” (Deepa Seetharaman, “A123 Sees ‘Going Concern’
Risk Due To Steep Losses,” Reuters, 5/30/12)
One Of Fisker’s Karmas Broke
Down In The Middle Of A Consumer Reports Test, Spawning A Battery
Recall. “Earlier this year, one of the Karmas stopped working in the
middle of a Consumer Reports road test — an embarrassing breakdown that
Fisker later blamed on a faulty battery. The lithium-ion batteries
became the subject of a recall, including for a defect that raised the
risk of fires.” (Matthew Mosk, “Fisker May Never Build Electric Cars In
US,” ABC News, 5/30/12)
Consumer Reports Calls
Government-Financed, Luxury-Hybrid Fisker Automotive’s Karma An
“Ergonomic Disaster” That “Does Not Fare Well Against Most Other Luxury
Vehicles” Where “The Karma’s Problems Outweighed The Good.” “An
influential consumer magazine said Fisker Automotive’s Karma plug-in
hybrid has a variety of flaws, from limited visibility to a poorly
designed touch-screen system that amounts to an ‘ergonomic disaster.’
The less-than-glowing report from Consumer Reports magazine is the
latest blow for Fisker, which is looking to raise funds after being
denied access to more than half of a $529 million government loan that
was the cornerstone of its business plan. Consumer Reports tested a
$107,850 Karma – the most expensive vehicle the magazine has tested –
and said it does not fare well against most other luxury vehicles, due
partly to its cramped interior and overly complex controls system.
‘Although we found its ride, handling and braking performance sound and
it has first-class interior materials, the Karma’s problems outweighed
the good,” said Jake Fisher, director of Consumer Reports’ auto test
center.” (Deepa Seetharaman, “Fisker’s Pricey Karma Car Plagued With
Flaws’:Consumer Reports,” Reuters, 9/25/12)
Fisker
Automotive announced the strange, spontaneous combustion of a Karma
plug-in hybrid due to A123 battery defect
Fisker Drew Down $193 Million
From An Obama Administration Energy Loan Prior To the Funds Being
Frozen. “Fisker intends to build the Atlantic at a former General Motors
Co. factory in Delaware, he said. The company had cast doubt on the
future of the Delaware factory earlier this year after the Obama
administration last year suspended payments on a $529 million U.S.
Department of Energy loan that was funding the Atlantic project. Fisker
drew about $193 million of the loan to engineer its hybrid before the
funds were frozen.” (Joseph White, “Fisker Held Funding Talks,”The
Wall Street Journal , 10/1/12)
•
AFTER BILLIONS SPENT ON ELECTRIC VEHICLES AND BATTERIES, SALES ARE
NOWHERE CLOSE TO OBAMA’S GOAL OF 1 MILLION CARS
“Electric-Vehicle Sales Since
2011 Totaled Fewer Than 50,000 Through September, Just 5 Percent Of The
President’s Target.” “Whether the technology itself is a loser or
consumers are merely slow to adapt to new things, car buyers so far
haven’t embraced electric vehicles in numbers close to Obama’s goal.
Electric-vehicle sales since 2011 totaled fewer than 50,000 through
September, just 5 percent of the president’s target.” (Angela Greling
Keane, “Obama’s $5 Billion Slow To Charge Electric Car
Purchases,” Bloomberg, 10/16/12)
Brett Smith, Co-Director At
The Center For Automotive Research: “The Reality Is: That Business Model
Isn’t There Yet …” “‘The reality is: that business model isn’t there
yet,’ said Brett Smith, co-director of manufacturing, engineering and
technology at the Center for Automotive Research in Ann Arbor, Michigan.
‘It isn’t there yet for volume. It isn’t there yet for reaching the mass
consumer. And it probably isn’t going to be there for a while.'” (Angela
Greling Keane, “Obama’s $5 Billion Slow To Charge Electric Car
Purchases,” Bloomberg,
10/16/12)
The Washington Post : “The
American Taxpayer Has Gotten Precious Little For The Administration’s
Investment In Battery-Powered Vehicles, In Terms Of Permanent Jobs Or
Lower Carbon Dioxide Emissions.” “No matter how you slice it, the
American taxpayer has gotten precious little for the administration’s
investment in battery-powered vehicles, in terms of permanent jobs or
lower carbon dioxide emissions. There is no market, or not much of one,
for vehicles that are less convenient and cost thousands of dollars more
than similar-sized gas-powered alternatives – but do not save enough
fuel to compensate. The basic theory of the Obama push for electric
vehicles – if you build them, customers will come – was a myth. And an
expensive one, at that.” (Editorial, “GM’s Vaunted Volt Is On The Road
To Nowhere Fast,”The Washington Post ,
9/14/12)
The Failures Of Subsidized Car
Manufacturers Are Dragging U.S. Advanced-Battery Industry Down With
Them, Leaving The Battery Companies Vulnerable For Foreign Purchase. “As
these companies flail, they are taking the much-ballyhooed U.S.
advanced-battery industry down with them. A Chinese company had to buy
out distressed A123, to which the Energy Department has committed $263
million in production aid and research money. Ener1, which ran through
$55 million of a $118 million federal grant before going bankrupt, sold
out to a Russian tycoon.” (Editorial, “GM’s Vaunted Volt Is On The Road
To Nowhere Fast,”The Washington Post ,
9/14/12)
Despite The Commitment Of
Millions Of Taxpayer Dollars, It is Increasingly Clear That Obama’s
Paltry Campaign Promise To Get 1 Million All-Electric and Plug-In Hybrid
Vehicles Will Not Hit 2015 Target. “As a candidate for president in
2008, Barack Obama set a goal of getting 1?million all-electric and
plug-in hybrid vehicles on the road by 2015. In February 2011, the Obama
administration’s Energy Department issued an analysis purporting to show
that, with the help of subsidies and tax credits, ‘the goal is
achievable.’ This was a paltry claim in the first place, since 1 million
cars amount to less than 1?percent of the total U.S. fleet. Yet it is
increasingly clear that, despite the commitment of many millions of
taxpayer dollars, the United States will not hit Mr. Obama’s target by
2015.” (Editorial, “GM’s Vaunted Volt Is On The Road To Nowhere Fast,”The
Washington Post , 9/14/12)
“Analysis Suggest That We’ll
Be Lucky To Get A Third of The Way There.” “A recent CBS News analysis
suggested that we’ll be lucky to get a third of the way there. The
Energy Department study assumed that General Motors would produce
120,000 plug-in hybrid Volts in 2012. GM never came close to that and
recently suspended Volt production at its Hamtramck, Mich., plant, scene
of a presidential photo-op. So far, GM has sold a little more than
21,000 Volts, even with the help of a $7,500 tax credit, recent dealer
discounting and U.S. government purchases. When you factor in the
$1.2?billion cost of developing the Volt, GM loses tens of thousands of
dollars on each model.” (Editorial, “GM’s Vaunted Volt Is On The Road To
Nowhere Fast,”The Washington Post , 9/14/12)
•
EVEN IN BANKRUPTCY, OBAMA’S FAILED INVESTMENTS HAUNT TAXPAYERS
Solyndra’s Investors Stand To
Make Millions Off Of Tax Benefits The Energy Department Transferred To
Them To Avoid Political Embarrassment
Solyndra,
Cornerstone of Obama Green Energy Failures
The Wall Street Journal : “In
The Latest Twist, Solyndra’s Investors Could Be Rewarded For Their
Failure, Thanks To A Tax Benefit The Administration Handed Out In A Bid
To Evade Political Accountability.” “Perhaps you thought the Solyndra
scandal amounted to a $535 million government loan that will never be
repaid. No such luck. In the latest twist, Solyndra’s investors could be
rewarded for their failure, thanks to a tax benefit the Administration
handed out in a bid to evade political accountability.” (Editorial, “The
Solyndra Memorial Tax Break,” The Wall Street
Journal, 10/15/12)
Solyndra’s Investors Are
Trying To Take Advantage Of $350 Million In Tax Benefits They Received
As Part Of The Company’s Bankruptcy. “Having sold off its manufacturing
plant, fired nearly 1,000 workers and proven the non-viability of its
business model, Solyndra’s only real assets are what the IRS calls ‘tax
attributes.’ These are between $875 million and $975 million in net
operating losses that can reduce future taxable income, which the IRS
values as high as $350 million. Before it went toes up, Solyndra also
accumulated $12 million in solar tax credits that can reduce tax
liabilities dollar for dollar.” (Editorial, “The Solyndra Memorial Tax
Break,” The Wall Street Journal, 10/15/12)
The Wall Street Journal:
“Energy Created The Tax Avoidance Problem In The First Place By Gifting
Argonaut And Madrone The Net Operating Losses To Delay The Solyndra
Crack-Up That Was Fast Becoming Inevitable.” “But this is little more
than an ex post facto double-cross. Energy created the tax avoidance
problem in the first place by gifting Argonaut and Madrone the net
operating losses to delay the Solyndra crack-up that was fast becoming
inevitable. That left taxpayers worse off than if they simply let
Solyndra fail.” (Editorial, “The Solyndra Memorial Tax
Break,” The Wall Street
Journal, 10/15/12)
The Wall Street Journal: “The
Larger Problem Is Mr. Obama’s Economic Model That Seeks To Picks Winners
And Losers And Misallocates Capital.” “The larger problem is Mr. Obama’s
economic model that seeks to picks winners and losers and misallocates
capital. That’s bad enough. But does he have to stick it to taxpayers
twice for the same failed investment?” (Editorial, “The Solyndra
Memorial Tax Break,” The Wall Street Journal,
10/15/12)
•
Taxpayers Will Only Recover A Fraction Of The Money Invested In
Solyndra Due To The Obama Administration’s Political Calculation
In February 2011, The
Department Of Energy Agreed To “Waive Its Privilege As First Creditor In
The Event Of A Bankruptcy.” “The political brawl over Solyndra, the
solar array manufacturer that received $528 million in government aid
and then went bankrupt, shifted focus Friday to a decision by the Energy
Department that allowed another lender to step in to help rescue the
company. That decision in February gave Solyndra a temporary reprieve
and a chance to survive, but it also forced the government to waive its
privilege as first creditor in the event of a bankruptcy – which then
occurred at the end of August. … The Energy Department’s approval was
required for Solyndra to borrow any new funds, because if the loan was
consummated, the federal government would have to surrender its status
as the most senior lender, in favor of the new lender.” (Matthew L.
Wald, “Questions Raised Over Letting Another Lender Help A Failing Solar
Company,” The New York Times , 9/16/11)
As A Result, Obama’s
Department Of Energy Allowed Taxpayers To Take A Back Seat To George
Kaiser’s Argonaut Investments. “Complicating the politics of the
situation for the Obama administration, part of the new loan came from
Argonaut, the investment company backed by George Kaiser, an Oklahoma
oil billionaire who is an Obama campaign contributor. Argonaut was
already heavily invested in Solyndra, and provided another $69 million
in cash in exchange for taking over $75 million that Solyndra was owed
by its customers.” (Matthew L. Wald, “Questions Raised Over Letting
Another Lender Help A Failing Solar Company,” The New York Times ,
9/16/11)
In 2008, George Kaiser Bundled
Between $50,000 And $100,000 For Obama.(Center
For Responsive Politics, Accessed 10/16/12)
Solyndra’s Private Equity
Investors Are Expected To Recoup $70 Million Through The Sale Of
Solyndra Assets. “Documents filed Friday evening in a Delaware
bankruptcy court say that private-equity firms, including one whose
chief has ties to the Obama administration, will get back at least half
of the $70 million they put into Solyndra early last year as the company
battled for survival.” (Peg Brickley, “Solyndra Outlines Its Bankruptcy
Repayment Plans,” Dow Jones
Newswires, 7/31/12)
“Unsecured Creditors Owed $50
Million To $120 Million Will Recover 2.5 Percent To 6 Percent, According
To Solyndra’s Chapter 11 Estimates.” (Peg Brickley, “Solyndra Outlines
Its Bankruptcy Repayment Plans,”Dow Jones Newswires, 7/31/12)
Taxpayers Are Expected To
Recover $24 Million Of The Loan To Solyndra. “Court papers estimate that
one piece of the U.S. loan, nearly $143 million, could go unpaid, or it
could receive as much as a 17 percent recovery. A second piece, $385
million, is in for a recovery of ‘$0 plus, depending on outcome of
liquidation efforts,’ court papers say. … $24 million Amount predicted
to be repaid under its Chapter 11 plan” (Peg Brickley, “Solyndra
Outlines Its Bankruptcy Repayment Plans,” Dow
Jones Newswires, 7/31/12)
Failed Green Energy Companies
Backed by President Barack Obama
President
Obama’s Energy Secretary, Steven Chu who infamously said, “We have to
figure out how to boost the price of gasoline to the levels in
Europe.”
Below is a list offailed
energy companies backed by President Barack Obamaand
funded with tax dollars. President Obama has gone to great lengths to
support policies to advance so-called green energy technologies but so
far has met with utter failure. The President plans to double down
on these unproven, expensive failed technologies if he gets a second
term.
In his acceptance speech at
the DNC in Charlotte, President Obama announced his plans to continue
support of these same green energy technologies despite the fact that
they remain unproven alternatives to gas, coal and oil. Most green
energy or “renewable” energy developments currently being tested are
years away from being put to a practical use.
President Obama has proven
himself to be a rigid ideologue who is unwilling to let go of the failed
policies that plagued his first term. This has many Americans fearful of
the future of the United States. As of now there is no
technology or renewable energy on the planet that can lift an
airplane off the ground and keep it in the air or propel a cargo
ship across the vast ocean-ways.
Most
Americans are asking, “Can the United States of AmericaREALLYafford
FOUR MORE YEARS of President Obama?
List
Of Failed Green Energy Jobs & Companies – By Obama
Update: 7/19/16:TheAmonix Solar:FAIL!–manufacturing
plant in North Las Vegas, subsidized by more than $20 million in
federal tax credits and grants given by Obama Administration, has
closed its 214,000 square foot facility a year after it opened.
Solar Trust of America:FAIL!–
Filed Bankruptcy in Oakland, CA, April 3, 2012
Bright Source:FAIL!–Bright Source warned
Obama’s Energy Department officials in March 2011 that
delays in approving a $1.6 billion U.S. loan guarantee
would embarrass the White House and force the
solar-energy company to close. Bright Source lost
billions of dollars but is getting more money to keep
trying. Can you say, “This isn’t working Mr.
President?”
Solyndra:FAIL!–Obama
gave $500,000,000 (that’s a HALF BILLION!) in taxpayer
money to Solyndra who shut its doors and laid off 1100
workers in August 2011 after billions in losses due to
failure to make a solar product that works! Barack
Obama was not vetted before being elected President
and neither was Solyndra before Mr. Obama threw that
taxpayer money down the drain of unproven technology.
LSP Energy:FAIL!–LSPEnergy LP filed
bankruptcy protection and a sale of its assets in
Feb 2012
Energy Conversion Devices:FAIL!–On February 14, 2012
Energy Conversion Devices, Inc. and its subsidiaries
filed for bankruptcy
Abound Solar:FAIL!–
Abound Solar received a $400 million loan guarantee from
Barack Obama then announced in June, 2012 that it would
file for bankruptcy. Many of these failed corporations,
such as Abound, donated MILLIONS and continue to donate
to Barack Obama’s campaign. Can you say, “Democrat Slush
Fund”? Yes this is illegal. But Democrats are being
protected from being prosecuted, for now.
SunPower:FAIL!– SunPower stopped producing
solar cells in 2011 at near bankruptcy then restructured
with the help of, get this, oil giant TOTAL, Inc. who owns
60% stake in SunPower. Irony? The company is still
struggling.
Beacon Power:FAIL!–
Beacon Power Corp filed for bankruptcy protection in
October, 2011 just a year after Obama approved a $43 million
Government loan guarantee. They remain barely in business,
still struggling to make energy that makes sense or that
works at all.
Ecotality:FAIL!– ECOtality, a San
Francisco green-tech company that never earned any money
and remains on the verge of bankruptcy after receiving
roughly $115 million in two loan guarantees from President
Obama, who wants to do some more of this kind of Democrat
Slush Fund Guarantees after he is elected to a 2nd term.
A123 Solar:FAIL!–A123
Solarreceived $279 million from
taxpayers thanks to PresidentObama’sDepartment
of Energy loan guarantees even after the Solyndra
bankruptcy and is getting another $500M from Obama after a
loss of $400M.
UniSolar:FAIL!–Uni-Solarfiled
forCh 11 bankruptcyin
June 20, 2012after laying off
hundreds of workers. UniSolar received even more Obama
money after showing now progress, no profits and is
still failing… yet they still remain in business with
Obama’s help.
Azure Dynamics:FAIL!–Azure
Dynamics filed for bankruptcy in June , 2012 wasting
millions in Obama “Stimulus” money and received
abatement on taxes owed and and several tax
credits. Azure Dynamics LLC filed for bankruptcy
protection in Canada and the US. Azure laid off
120 of its 160 employees in Oak Park; Boston; Vancouver,
British Columbia; and the UK.
Evergreen Solar:FAIL!– Evergreen Solar received
$527 Million in Taxpayer money from Obama and filed
bankruptcy in late 2011. Evergreen, which closed its
taxpayer-supported Devens factory in March, 2011 cut more
than 1800 jobs. Evergreen’s $450 million factory,
turned out to be a colossal “waste” of taxpayer money.
Ener1:FAIL!Ener1
Inc. received a $118 million U.S. Energy Department grant
from President Obama to make electric-car batteries but
filed for bankruptcy protectionJanuary
2012after defaulting on bond debt.
Update:In
May 2012 Obama visited a dusty, desert town 30 miles outside Las Vegas
Wednesday to declare he’s doubling down on failed federal efforts to
boost the solar industry which has NEVER proven to produce a single
working product. Like Socialism, no evidence ot works, but they just
keep doubling down on the failed ideals!.
Republicans believe Obama is
gambling with taxpayer dollars as he continues to aggressively push
alternative forms of energy proven to be more than 20 years off in
working effectively and being affordable. After the failure of Solyndra,
which resulted in the loss of half a billion dollars in taxpayer dollars
President Obama is going to give America more of teh same: FAIL.
This is one of those
interesting left-wing ideas which works theoretically as long as it’s
not real,” Republican presidential candidateNewt Gingrichcharged on the
campaign trail Wednesday. “And then you put in a half billion dollars
and you go, ‘Oh that didn’t quite work.'”
Obama sharply disagrees and
used the world’s largest solar power plant of its kind — with one
million solar panels dotting the desert here — to assert it is his
critics who are out of touch with reality.
“some companies will fail,
some companies will succeed.”-Pres. Obama
But None you have backed have succeeded. Your record is 0 for 300, rather
0 for $6 Tillion in taxpayer debt.
And many many more on the
horizon…
Mar 29, 2012
Obama’s
Epic Fail of Solar and Green Energy Companies
Washington- At his weekly
press briefing today, Congressman John Boehner (R-West Chester) called
on the Obama administration to provide information the House Energy
& Commerce Committee has requested pertaining to the $10 billion
taxpayer dollars that have been spent on the Energy Department’s failed
Solyndra-style Section 1603 ‘stimulus’ loan program.
The Congressman has vowed that
oversight of the administration’s policies and their impact on job
creation will be a major focus for the House this year. Congressman
Boehner also highlighted House Republicans’ continuing focus on
addressing rising gas prices and creating a better environment for
private-sector job creation with the American Energy Initiative.
Following are video and excerpts of Congressman Boehner’s remarks:
ON
REPUBLICANS’ EFFORT TO HOLD THE ADMINISTRATION ACCOUNTABLE FOR ITS
FAILED DEPARTMENT OF ENERGY ‘STIMULUS’ LOAN PROGRAM:
“You know, I made clear
earlier this year that oversight of the Obama administration’s
policies on jobs, on the economy, and its spending taxpayer dollars
was going to be a priority.
Two weeks ago, Chairman Upton at the Energy & Commerce Committee began
looking into the Department of Energy’s Section 1603 grant program, a
Solyndra-style ‘stimulus’ program that offers cash payments to renewable
energy companies. More than $10 billion – that’s with a ‘b’ – $10 billion
has been spent on this, and Secretary Chu said it created ‘tens of
thousands of jobs,’ except there’s no evidence to support that.
“The Energy & Commerce
Committee set a deadline for today for the Energy Department &
Treasury Department to produce documents or information about what
taxpayers got for their $10 billion. The administration thus far has
failed to provide the committee with any information to justify this
claim.” “Listen, the American people continue to ask the question ‘Where
are the jobs?’ They deserve answers and they deserve the truth.”
ON THE NEED FOR
BIPARTISAN, COMMON-SENSE SOLUTIONS TO EXPAND AMERICAN ENERGY &
ADDRESS SOARING GAS PRICES:
“Instead of wasting taxpayer
dollars on failed ‘stimulus’ programs, we should be working together on
common-sense solutions to expand American energy production and address
rising gas prices. With or without the Democrats’ cooperation,
Republicans here on Capitol will continue to work toward this
objective.”
ON HOUSE REPUBLICANS
TAKING ACTION TO ADDRESS SOARING GAS PRICES WITH THE AMERICA ENERGY
INITIATIVE:
“One month ago today, during a
conversation at the White House, I was encouraged by the president’s
willingness to discuss the possibility of working together on some of
the bipartisan, House-passed energy bills. Many of these bipartisan
proposals have received support from the president’s own jobs council.
But gas prices have gotten worse, and the administration has taken
absolutely no action. Republicans aren’t going to wait for the Obama
administration to act on behalf of families and small businesses.
“Yesterday, the HEAT team
launched the next phase of the American Energy Initiative focusing on
rising gas prices. This phase include bills – for example – to
responsibly increase energy production on federal lands and freeze new
regulations on refineries that will have a harmful impact on our
economy. Our committee chairmen are hard at work on both additional
legislation to address this issue.”
A
German professor hasconfirmedwhat
skeptics from Britain to the US have long suspected: that NASA’s
Goddard Institute of Space Studies has largely invented “global
warming” by tampering with the raw temperature data records.
Professor
Dr. Friedrich Karl Ewert is a retired geologist and data computation
expert. He has painstakingly examined and tabulated all NASA
GISS’s temperature data series, taken from 1153 stations and going
back to 1881. His conclusion: that if you look at the raw data, as
opposed to NASA’s revisions, you’ll find that since 1940 the
planet has been cooling, not warming.
According
toGünter
Ederer, the German journalist who has reported on Ewert’s
findings:
From
the publicly available data, Ewert made an unbelievable discovery:
Between the years 2010 and 2012 the data measured since 1881 were
altered so that they showed a significant warming, especially after
1950. […] A comparison of the data from 2010 with the data of 2012
shows that NASA-GISS had altered its own datasets so that
especially after WWII a clear warming appears – although it
never existed.
Apart
from Australia, the planet has in fact been on a cooling trend:
advertisement
Using
the NASA data from 2010 the surface temperature globally from 1940
until today has fallen by 1.110°C, and since 2000 it has fallen
0.4223°C […]. The cooling has hit every continent except for
Australia, which warmed by 0.6339°C since 2000. The figures for
Europe: From 1940 to 2010, using the data from 2010, there was a
cooling of 0.5465°C and a cooling of 0.3739°C since 2000.
But
the activist scientists at NASA GISS – initially led by James Hansen
(pictured above), later by Gavin Schmidt – wanted the records they are
in charge of maintaining to show warming not cooling, so they began
systematically adjusting the data for various spurious reasons using
ten different methods.
The
most commonly used ones were:
•
Reducing the annual mean in the early phase.
• Reducing the high values in the first warming phase.
• Increasing individual values during the second warming phase.
• Suppression of the second cooling phase starting in 1995.
• Shortening the early decades of the datasets.
• With the long-term datasets, even the first century was shortened.
Ewert’s
findings echo that of US meteorologists Joseph D’Aleo and Anthony
Watts who examined 6,000 NASA weather stations and found a host of
irregularities both with the way they were sited and how the raw data
had been adjusted to reflect such influences as the Urban Heat Island
effect.
Britain’sPaul
Homewoodis also on NASA GISS’s case. Here he
shows the shocking extent of the adjustments they have made to a
temperature record in Brazil which has been altered so that a
cooling trend becomes a warming trend.
Unadjusted
temperature record: shows cooling trend.
Adjusted
temperature record: shows warming trend.
For
still more evidence of NASA’s adjustments, check outAlterations
to Climate Dataat Tony Heller’s Real Climate
Science.