How's that Hope and Change working out for you.
Posted on 10/31/2009 4:09:20 PM PDT by newbie2008
Clean tech has seen a boost as the U.S. pours government funding into renewable energy, and China looks set to reap much of the benefits. Latest example: a Chinese wind-turbine company has just become the exclusive supplier for one of the largest wind-farm developments in the U.S. The Shenyang Power Group has signed on to supply 240 of its massive 2.5-megawatt wind turbines to a 36,000-acre development in West Texas. The Wall Street Journal reports that the wind farm is also slated to receive $1.5 billion in financing from the Export-Import Bank of China.
(Excerpt) Read more at popsci.com ...
Whenever we decide to throw away money, China will be there.
but, but, but, our great governor of colorado, the dim ritter said he goy us a wind turbine manufacturer to build 4 facilities in the state. of course all on the front range and he so screwed the oil and gas industry thet are all leaving. what a guy. so i wonder what we are building?
This is just more of Obama’s “Trickle across” economics.
He gives it to China and it “trickles across” the ocean
to the US.
Pretty soon we’ll all be made in China!
How's that Hope and Change working out for you.
Maybe we can get China to drill for oil in the US.
There's nothing like building a new economy on green energy built by China.
Well, so much for the green roots.
Bean sprouts instead of green shoots!
Chinese wind will be imported to turn the turbine blades too!
You didn’t want some scumbag union line worker to get paid, did you?
And the resultant electricity will be exported cheap to power the military industrial complex in... China!
See — it all makes sense (when seen Through the Looking Glass, that is).
Everytime I look at one of these green jobs plans they turn out to be an outsourcing scam.
They say that some windmills will be manufactured here in Michigan but when anyone asks questions. they’re told “a deal is in the works” with the spanish company that makes them now. No body explains what in the works means. Another factory here in Michigan was supposed to make batteries for electric cars but it has been determined that the employees aren’t educated enough to run the factory.
Nothing but a massive scam from beginning to end.
Why rhe H#ELL do we have to go outside of the U.S. to buy wind turbines? Don’t we have some of the most cutting edge wind technology right here in the states? Oh right...We only enrich *other* peoples while the DemoCommies are in control here.
“Maybe we can get China to drill for oil in the US.”
First, we would have to GIVE them the oil rights...
Patriotic Americans should be rioting in the streets over this.
Everyday I say there is nothing that could surprise me anymore....then morning comes....and again I say there is nothing that could surprise me anymore. It’s like the movie Groundhog Day.
They'll own it all soon enough anyway - and then they'll drill it. In the meantime they'll sell us their silly, overpriced, inefficient wind machines and laugh all the way to the Shanghai Bank!
P.T. Barnum was right. There is a sucker born every minute, and most of them are Liberals and envirowackos,
LOL That is funny , but it aint if you know what I mean?
The stimulus money stimulating Chinese Manufacturers,
That Obama what a genious.
Wonder what happened to the GE bid?
hh
First, we would have to GIVE them the oil rights...
As soon as China lines Soros' pockets with money 0bama and the libs will give them drilling rights to all the federal land they want.
Kinda like buying Saudi oil....
Just don’t put them in Texas.
Wow, I hope this is not the same company that made the piece o’ crap Chinese floor fan I bought at Wal-Mart!
/s
This is just sad.
Maybe the Chinese will a factory in Texas with stimulus money.
build a factory
Well as long as we keep rewarding all these CEO’s for moving all the manufacturing over to China this will continue. We can make all the excuses up we want but when its time to fight for the American worker, no body wants to step forward. Its always excuses like oh they are those dirty union workers, or they want too much money or are lazy of some other lame thing. Yes, it is true some are these things, but for the most part people are hard working people just wanting things for their families just like anyone else and until we say enough of this transfer of our manufacturing it will continue until it is too late if we haven’t reached that point already.
I have some inside info.
GE orders fully half of their Nacelles (the housing for wind turbines) from Jupiter Plastics of China.
And the steel that goes into a turbine? 100% from GEXPRO.
Who is GEXPRO? Well they used to be GE but they got spun off and sold to China.
So GE is producing wind turbine that get a Production Tax Credit from the US tax payer, financed by GE Capital (who got a multi-billion dollar bailout from the US taxpayer and declared a bank), to buy towers, blades and nacelles form China.
And by the way, did the executives of GE Capital who took TARP money, take a pay cut?
I don't think so.
Now GE is poised to launch the "2.X" program which is a 2.5 MW turbine.
Guess where the first 20 turbines are being produced... Hint: Not the USA, the argument is between China and Europe. Europe will win. The crap that China produces will not be accepted.
Wonder how much coal they’ll have to burn to make them.
Don’t we have some of the most cutting edge wind technology right here in the states? ..............................Of course we do, its called CONGRESS!!!
The liberals thought “big oil” was bad, wait till they see how much “big wind” blows.
Yet more defective Chinese steel that will fly apart and make chop suey out of any hapless Americans in the vicinity.
My God, that’s actually a great idea. Our scum-bag politicians haven’t prepared for that eventuality. Lets catch them off-guard!
Never fear - Chinese companies are buying up US companies (saving more jobs than Obama's stimulus - no doubt):
Weak dollar fuels China's buying spree of US firms
From his posh office in a coastal city in eastern China, millionaire Zhou Jiaru oversees more than 100 workers at an auto parts refurbishing factory he purchased in a struggling manufacturing town on the other side of the world. Zhou's new company is in Spartanburg, S.C.
In 2007, acquisitions in the United States by foreign ventures hit $407 billion, up 93 percent from the previous year, according to Thomson Financial. The top countries investing were Canada, Britain and Germany; the Middle East and Asia -- especially China -- are quickly catching up.
The biggest deals in recent months have involved Wall Street firms hit by losses from exposure to mortgage-related investment vehicles.
Saudi Prince Alwaleed bin Talal is once again coming to Citigroup's rescue. Canada's Toronto-Dominion Bank is buying an $8.5 billion share of Commerce Bancorp. Singapore's state-run Temasek Holdings purchased a stake in Merrill Lynch valued between $4.4 billion and $5 billion. And the sovereign wealth fund that invests the Chinese government's hard currency is injecting $5 billion into Morgan Stanley, while Citic Securities, a private Chinese firm, is investing $1 billion in Bear Stearns.
GE Supply was sold to Rexel and the company name was changed to GEXPRO. They are not a Chinese company. I've done business buying electrical equipment from GEXPRO for a few years.
Rexel was listed on the Paris stock exchange until 2005 as a subsidiary of the PPR group and has since been owned by a private equity consortium led by Clayton Dubillier & Rice, Eurazeo and Merrill Lynch Global Private Equity. Rexel returned to the Paris stock exchange through an IPO in April 2007.
There's going to be a lot of angry Chinese when America goes General Motors on them. They might demand Alaska or war.
Maybe so but all of the steel pats I buy come from China.
Just because their Corporate headquarters are not in China does not mean they are not a Chinese company.
Is a Chevy Avalanche, or a Suburban, or Tahoe produced in Silao Guanauato Mexico a Mexican SUV or American?
Who is employed?
Where are the products made?
Why is US taxpayer money going to employ Chinese?
Answer that.
There’s a lot of CO2 emitted to ship the turbines here, not to mention the CO2 emissions for making the concrete bases for all those turbines, enough concrete and steel to build a nuclear plant that would run circles around the wind turbines for a fraction of the footprint.
Wonder if this is why US Hwy 59 through East Texas is already crowded with L-O-N-G flatbed semis -- each carrying a pair of damaged wind turbine blades to a repair facility somewhere up north...
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