The President's approval rating is up to 50% again. Unemployment has dropped to an all time low, and dropped consecutively for four months. Congress doesnt have anything left to filibuster and Republicans are unhappy with their choices in candidates....so what do Republicans do? They jump onto a Washington Post article and come up with an ad to paint the President as a hypocrite who gives federal funding to his campaign donors.
What we're talking about specifically here is clean green energy companies. The President is being attacked because his administration has provided federal grants to companies with ties to venture capitalists that backed and continue to back the President not just ideaologically, but financially.
The President promised when campaigning to take action to build a foundation for a clean energy economy and that's what he is doing. The administration has made it clear that the funding is based on merit, not politics. So let's look at some of the recipients: although Republicans love to tout Solyndra's failure, the majority of those who have received funds are still thriving.
Brightsource was named one of the top green company start ups in the world. They used the funding to create and save 86 operations which created and saved jobs. And with the plans for a thermal power plant in Coyote Springs, they will be creating more jobs.
Tesla-twice as energy efficient as a Toyota Prius. They employee 900 people. They had 6500 orders for their cars being built here in the U.S. this year in 2012 and this year, have plans to open a new plant in Fremont, California, which will create more jobs.
In 2001 when then President Bush and former Vice President Dick Cheney sat down and met with companies such as the American Petroleum Institute or with James Rowe of Exxon and of course with Enron, the Republicans remainded silent. Now theyre accusing President Obama of the same things Democrats were angry with the practices of the former administration for in this regard. They have very short memories.
And let me ask you a question...how many clean energy companies provide funding to Republicans? Hmm? I would bet nearly ANY company that does, is on the same page as the Democrats; hence they would have backed and would still back the President. In other words, any federal funds given to any clean energy company would be looked at as payback. This reminds me of that "six degrees of Kevin Bacon..." And when the Republicans put their ad out, Mitt Romney better keep quiet, because I have two words for him: BAIN CAPITAL.
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