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Warren Duffy, of CFACT SoCal, sounds off on the administration’s effort to continue government subsidies into green technology.
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Friday -- on the wall taxpayer funded subsidies for Green jobs don't deliver on the Obama administration's promises to take a look at cylinder.
It's a solar company that got half a billion of your money.
Announce filing for bankruptcy radio host -- Duffy is alive from California.
Which is sort of the heart of a lot of these companies Duffy welcome to the show up.
Atkins Ian Giles thing and -- beyond this morning the it's a lot be a help us out here I mean -- can we say now maybe in the last couple and -- are being put into the coffin of the of this wild experiment.
That obviously hasn't worked.
We finally figured out what I shovel ready jobs did they shovel money out -- Washington and then these guys shovel and as fast as they can out the door.
We had that half a million dollars one lot of people don't realize is that right after that we had the Department of Energy which I think is.
The world's largest.
Investment.
Group now dealing with risk capital.
They they shoveled out another 852.
Million have something called Genesis still morality here.
So we got one point four billion dollars into solar projects and talk about creating Green jobs we lost 11100.
You know it's it's it's -- -- I know that there's a first solo project.
That may I know the coming down to the wire they've got to get the money by Friday.
That they're trying to get like another seven at 700 million dollars and they admit on their website that -- is also had done it -- create as many as.
Twenty permanent jobs is anyone out there outraged about this.
Of course we -- everybody is looking at these job numbers that Barack Obama by the way.
We can't get anywhere in Southern California today we've got the presidential motorcade and that's not bad enough.
We -- -- going to trial and it's a down day because neither of RVs Maltese may get -- play offs let me that is it may.
We've got three.
3545.
Jobs so far of the five million.
That the president started out with the last last election time these Green jobs going to be -- -- million.
It's worked out that we've shoveled -- half of the money out the door -- we've got.
We're supposed have 60000 this year and -- public about from the Department of Energy it's 3545.
Of the five million jobs.
While I just wrote that down by the way don't get any sympathy from us on the on the traffic we -- we -- the -- the last week okay.
So we have the president and all of -- friends.
-- you know everybody out here try to go sort of cut mean don't they Wear dark cat dark glasses and baseball caps.
And they try to be inconspicuous.
We've got this guy shown up out here with his motorcade.
And you can't get any -- -- Duffy.
The president spent a lot of time in California over the weekend Silicon Valley.
Why why did can't they raise the money there I mean sellers such a fantastic thing you must know a lot of investors out there a lot of people see that these companies why -- they insist on getting Natalie taxpayer loans.
But putting their investments ahead attack.
Payers in case bankruptcy occurs.
Well I think that's one of the things that everybody's going to be a look at at that's pretty suspicious.
But you go to all of these investment firms that are out there in the Silicon Valley you know Al Gore is a partner in one of album there's.
An operation up there I KP CB and they had a guy who came to them Bob you two years ago He would silver springs network.
And they were gonna install smart meters on houses.
Any needed 75 million dollars worth the capital within a year ethics trials.
The deal we announced they're smart grid program and the next thing you know that 75 million turned and up 560.
Million.
Just like that -- The talk about accountability obviously I don't think the GOP is gonna let this a lender things slide but there's so many more than the story just told us know once heard this story no one knows about it.
Do you think we can continue at some people who are responsible like yourself can get this story and really pushed out -- to the point where people are actually held accountable.
Charles we started on this one in June alone.
What nobody was much paying attention to so -- -- but we found out that they were balking at a congressional request for their financial.
And will we heard that they were just gonna ignore a subpoena we started looking -- and looking at them very carefully let me give you another name.
There's a -- needs the EU -- And this is a guy who worked on the Obama campaign He was a fund raiser to he's got a job at the deal we right.
He shovel money out of watching them.
And we've got the other donor who you mentioned George Kaiser from over in Oklahoma City and he's on the receiving end of the -- for the solely.
Big -- you know what a lot of selling something doesn't smell right He made a great point Department of Energy the biggest investor in the country right now thanks a lot -- really appreciate it.
But I continued to him.
