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Companies like slim -- -- a leading.
The way toward a brighter more prosperous future but through the Recovery Act this company received a loan to expand its operations.
This new factory is the result.
Of those long.
That was President Obama two years ago crowing about the Green jobs created by his stimulus.
But that same solar panel firm which got 535.
Million government stimulus dollars.
Well it's about to lay -- more -- a thousand workers and declare bankruptcy.
Are these stories like this wire broke the so anemic that we squandered the stimulus money with the south Chris -- he's a senior fellow at the Competitive Enterprise Institute.
The -- give us an idea of just how much taxpayer dollars have been flushed down this alternative and.
G -- if you will.
Well according to a recent story in Politico it's more than eighty billion dollars just in this stimulus package that went to create they say 224000.
Jobs we see from -- lender which you have to remember was their best hope.
Their poster child their best case -- success these are all temporary jobs well that yields.
Dollars per temporary job position created so labor cost the federal taxpayer.
Dollars per temporary position which is now evaporated these are all bubble jobs because their phony they only exist because politicians say.
They want credit for having quote done something created jobs but they're not responding to demand they are providing something that doesn't work.
You know Chris I got to tell you that figure is shocking eighty billion dollars and they and they sold the stimulus as shovel ready.
It's almost beyond -- but I tell you another aspect to this that is is almost as egregious.
Is the notion that this 535.
Million dollars refused to back up.
And investors who were present at -- bombers supporters particularly one billionaire out of Oklahoma can you give us more details on that.
Yeah I think that the gentleman's name is Kaiser who -- -- another example is classic crony capitalism got Green jobs.
I put this out and talk idea of Green jobs are crony capitalism latest big idea that you see it time and time again somebody open a little bit of money and a a project which the markets don't want to -- but then they put a lot of money in a politician.
Who's eager to find it.
These people these special leaders who walk -- politician singing lets you give me this bag of money mandate or preference I'm gonna disappear released definitely the country.
They only to be told -- disappear or at least leave the country because they're all going to end up like -- lender but instead.
They talk to their friends in government and President Obama is the worst among many offenders here.
To give them a lot of hard -- transferred wealth from the productive sector of the economy taking it out of the productive sector of the economy to pay off.
Essentially political bodies this is crony capitalism.
Which is now I have to say at its very worst right possibly ever and it's because of this new eighty billion dollar infusion into what is nothing but -- capital.
It sounds like really I mean you know -- be the labels to be theft to be quite frank with the you know -- -- saying because.
Earlier this week I took a look at some companies that -- President Obama or Vice President Biden went to visit.
And over the last two years after the five company's stock -- -- publicly traded companies alternative energy.
The best performers down sixty.
Percent so not only was it taxpayer dollars but they probably -- -- -- individual investors into pouring money into these companies as well also everyone to victim.
Well look they are they art the definition of a bubble because they're not worth anything then they get enormous infusion of transfer wealth.
Then their stock will go up on the promise just like those models of Wall Street which -- housing prices could never go down well they assume these revenue streams will always continue because politicians don't wanna be tagged with.
Killing jobs by not continuing the revenue stream keeping the bubble inflated.
And so they do burst bubbles always burst.
And you have losers individuals not just remember the federal taxpayer paid 479000.
Dollars for each of these 11100 temporary jobs lost.
And it's typical it was even more in Spain and that's where we're headed.
While -- -- I gotta say that eighty billion dollar number I cannot get out of my mind.
It is criminal the White House is number Charles that's their number Charles amazing -- lockers order we appreciate it thanks for -- us because again that is a criminal number is total injustice then three time tonight.
Thank you --