Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Green Jobs Turn Brown

Details

  • Description

    Radio Host Michael Graham on the efforts to create jobs in Mass.

  • Duration 3:54
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Well look it was a I'm going to call it a bizarre Yahoo! world rally in Oakland California last night.

Nancy Pelosi hearing from the crowd chanting tax the rich tax the rich.

The crowd also -- from a Green company chief executive who told them that Green jobs -- that salvation.

Indeed the Democrats want to tax the rich a lot more and they think the answer -- high unemployment is indeed Green jobs but just yesterday.

Ever agreed solo that's a company that got millions of taxpayer subsidy is announced its filing for bankruptcy and shut it down in the US.

Radio host in Massachusetts resident Michael Graham -- with us from Boston -- -- what you you're in Boston you cover this story what happened with that Evergreen Solar plant.

Well governor -- Patrick who's a Democrat a friend of President Obama ran for governor 2006 saying we're gonna sit similar thing -- would get revenue from those evil rich people we're gonna promote Green jobs.

We're gonna join the regional greenhouse gas initiative which is -- New England plan to fight carbon dioxide and carbon emissions but we join Reggie in our column called for electricity go straight up.

Then He says it's gonna you know we're gonna -- Evergreen Solar here He wanted to give them a hundred million dollars in taxpayer subsidies and straight up cash.

Fortune got pared down to around 58 million dollars Evergreen Solar tried to do business in Massachusetts look at what it takes to run a factory to make solar panels that -- electricity.

And I think off the lot more because the Governor Deval Patrick.

And the labor costs more in the taxes are higher but don't they end up going flat broke took our 58 million dollars with a yesterday is a stock analysts said.

It was Alan stock is up fourteen cents it should be zero because the factory equipment they built is non standard you can -- sell it to another solar company.

Also worth -- -- -- -- -- fifteen million dollar government pile -- -- sitting here in Massachusetts global.

Why is Governor Deval Patrick saying about this because he's the one who -- the 58 million dollars into this now bankrupt company.

Is He demanding that in future they stay you companies that get a subsidy stay in the states will make some kind of -- was just a what it what to say.

His at his economic advisor on this issue -- Greg gallegly his name is said yesterday they did the right thing.

By backing every solid because the idea of government picking winners is a good thing that you ought to pay businesses.

-- to doing to Massachusetts of course.

-- messages weren't such a highly regulated business unfriendly -- you have to bribe that would taxpayers -- put us on the hook.

In the first place and that's scary parts were eager to talk to hire people are things -- -- going to gold.

Because they don't think government knows what to do about growth it's not that the government has now know what is is that they seem to be so clueless liberal conservative no one -- We want to see stop at work.

It's what what what is Governor Patrick standing in the side of Massachusetts 'cause -- I always think of Massachusetts and essentially a liberal.

Very Green state.

Only from union states -- government spending state tax the rich.

That's my association Massachusetts -- they did elect Scott Brown a couple of years ago didn't know what is Governor Deval Patrick standing at this moment.

You know the fact is that Massachusetts liberals are impervious to facts.

And they still support I got an email yesterday from a listener of my radio show three to seven in the afternoons are often saying Patrick was right it was the evil bush recession.

That undermined its planned to create -- winning business they still believe that government can take command and control economies.

Work we are statements celebrates government -- -- was astonished that this report just had.

About well -- -- celebrated you know that two days earlier Jay Carney said unemployment checks.

We're performance stimulus so I think the velocity it really is that the government decide who needs the money will end out and prosperity we'll follow and it has yet to happen.

A Michael Graham we thank you very much you contribution today we appreciate it come on back and see is any time on Bonnie and company.

Load More