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The Obama administration's done it again choosing and other green energy -- spending millions and millions of taxpayer money.
In the process.
This for automotive is firing 75%.
Of its workforce.
After failing to secure financing deal the the Chinese -- wanted by the company after all.
And that's -- 160 jobs gone from a company that was backed by a 500.
At one time a 520.
-- -- -- Million dollar.
-- good about it.
The -- they were going to -- 193 million of it.
That's impressive -- would say were shocked but this is -- our first rodeo by golly sisters battery supplier.
Well went the wrong way as well -- 123 system that was quite something it's now owned by a Chinese company.
The changes aimed at by the way I love this 8123.
And you thought the Chinese didn't have a sense of humor right.
It benefited from an early 250.
Million dollar grant that's 250.
Million the Chinese should send us I think.
Thank you card don't you wouldn't -- -- nice as solar panel maker Solyndra.
They got 528.
Wow and you know what.
They went belly up.
Battery maker general.
Ener1 did receive the 118.
Million -- and eighteen million.
And you know what happened that's right they went belly up energy storage company beacon power.
Received 43 million dollars.
How about that I mean -- feels like chump change doesn't.
Just 43 million taxpayer dollars -- -- -- they went belly up.
Solar panel company -- I love this name abound.
Solar -- they got 400 million.
We're gonna kick it back up here on this one -- hundred million dollars.
And I guess I don't need that might happen.
Well anyway it's kind of fun to say.
It sounds better than bankrupt they went belly up so -- about all these losers that the Obama administration Energy Department has picked.
And we've been looking for the winners -- they keep -- about how successful there are.
We found want.
And it's -- -- religious right this out here just want.
It received 465.
And to build electric cars and doing very well recently announcing it will repay that money five years ahead of schedule.
-- was -- the back in 2003.
It hasn't turned a profit.
But hey -- activists here we're right we're right there with -- Obama administration.
Tesla says it will turn a profit this quarter so were putting it on the Warner's side.
Last quarter reported that 75 million dollar loss we're not sure test -- winner -- what we want.
What this was going to be blank and we did -- tough OK so we need this company.
And by the way so does the Obama administration.
The president I do have to change that -- Winner winner and loser.
President Obama's been investing in these companies I mean.
It's pretty clear why he went into government work it was a community organizer is because this just -- -- got to be his career back.
And this was all up he said an effort to create five million green jobs.
Now we should bear with me here because this is -- -- require a little while leap of -- a little -- Tuesday.
The Bureau of Labor Statistics was counting those jobs.
Three point one million green jobs have been -- But they were counting things like.
Well bike repair shop -- hybrid bus drivers have plumbers who install water save big -- those were green jobs reverted to the federal definition.
And I'd love to tell you how many more those so called green jobs have been created over the past year but.
The Bureau of Labor Statistics stopped counting them because are you ready for this.
Because of the sequester.
We'll be right back.
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