 |
Posted on 08/12/2011 2:09:31 PM PDT by Hojczyk
President Barack Obama on Thursday toured a vehicle battery plant in Michigan, touting his administration’s focus on green technology and jobs, at a corporation where federal money authorized by the economic stimulus law that Obama signed at the beginning of his presidency had created "green" jobs at a cost of about $2 million in federal subsidies per job.
Obama told the employees of Johnson Controls Inc., in Holland, Mich., gathered at the factory that they represented how America can come out of a recession by making products that can be sold around the world.
The Obama administration announced this week new fuel-efficiency standards for trucks and buses built in 2014 through 2018 to reduce oil consumption from a projected 530 million barrels of carbon emissions by 270 million metric tons.
By 2018, the new standards are supposed to reduce emissions by 20 percent for big rigs and semi trucks, 15 percent for pick-up trucks and 10 percent for vehicles such as garbage trucks and school buses.
By 2014, capacity to build batteries will be three times greater than the demand, the Washington Post reported.
The General Motors Chevrolet Volt electric vehicle, priced at about $40,000, sold just 125 models in July, according to Market Watch. Though the $7,500 tax credit for the car reduced the price, less expensive cars are still selling better, according to Market Watch.
The Presidential Task Force on the Auto Industry said, “GM is at least one generation behind Toyota on advanced, ‘green’ powertrain development. In an attempt to leapfrog Toyota, GM has devoted significant resources to the Chevy Volt. While the Volt holds promise, it is currently projected to be much more expensive than its gasoline-fueled peers and will likely need substantial reductions in manufacturing cost in order to become commercially viable.”
(Excerpt) Read more at cnsnews.com ...
|
Wonder how big the used battery pile will be in 20 years?? Coming to ground water near you!!
His stimulus didn’t do squat. The company took advantage of tax breaks/cuts or so the news reported. I just knew he was going to try and take credit for this!
When the stimulus money dries up...so will the company!
Mrs. Prince of Space
Yep, just like that solar panel plant in Greenville.
bump
I’m not in favor of this program, but I can guarantee the batteries will be recycled.
Have you seen big piles of used car batteries around lately?
You know tens of millions are replaced every year.
No, they’re too valuable to throw away.
he spends a lotta time in michigan
All card carrying UAW employees, I’m sure.
Told my wife company would probably not be there in a few years or sooner.
FUBO and the UAW too.
Yep, just like that solar panel plant in Greenville.
And don’t forget the empty, half finished, boarded up, solar panel plant in Battle Creek, MI
Your tax dollars at work!
FUBO and “shovel-ready” jobs
Per the Detroit News, in 2009, $299 million in stimulus money, and $168 million from the State of Michigan from Jenny.
Give me $477 million, I’ll create more than 320 jobs.
“Yep, just like that solar panel plant in Greenville.
And don’t forget the empty, half finished, boarded up, solar panel plant in Battle Creek, MI”
I just had an interview this week with a company in SE MI that is dumping its solar panel business because “there’s no money in it”.
"Laundering money! That's what a stimulus is!!! Dumb crackers."
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
