Somebody got a half-billion dollars. In return...?
Posted on 05/29/2012 10:16:45 AM PDT by Sub-Driver
Obama: ‘Nobody Wants to Get Something for Nothing' By Terence P. Jeffrey May 29, 2012
(CNSNews.com) - Speaking Thursday afternoon in Newton, Iowa, President Barack Obama pitched his idea for $5 billion in new tax credits for companies that manufacture equipment—such as windmill blades and solar panels—for “clean energy” companies.
“Nobody wants a handout,” Obama said. “Nobody wants to get something for nothing.”
Obama was visiting TPI Composites, a company that manufactures blades for windmills, to pitch the fourth item on the five-item “To-Do” list of legislative actions he says he would like Congress to take this year. This particular item is: “Create Jobs By Investing In Affordable Clean Energy”
A statement put out by the White House on Thursday explained the substance of Obama’s request.
“Congress needs to help put America in control of its energy future by passing legislation that will extend the Production Tax Credit to support American jobs and manufacturing in the wind industry alongside an expansion of the 48C Advanced Energy Manufacturing Tax Credit that supports American-made clean energy manufacturing,” the White House said.
“The Production Tax Credit, which expires at the end of 2012, provides a 2.2 cent per kilowatt hour credit for utility scale wind producers,” said the White House.
“In the Recovery Act, $2.3bn in 48C credits were offered, and the program was over-subscribed by more than 3-to-1, meaning that over $5 billion projects with merit did not get funding,” said the White House. “The President’s plan calls for an additional $5 billion in credits, which would support at least $17 billion in direct investment in clean energy manufacturing facilities.”
(Excerpt) Read more at cnsnews.com ...
When the truth comes out we will find out Obama wanted something for nothing by claiming to be a foreign student when in college.
Here the dipwit goes again, investing taxpayer’s money in Obama Capital, killing jobs and wealth. Once an idiot, always an idiot, looking for more ways to waste America.
Has nobama forgotten most of the morons who vote for him? Ingrate.
The DNC is building a styrofoam Colosseum for their convention this year so that Dooshus Maximus can orate his proclamations to the Empire in the style he has become accustomed to.
What about lotteries?
I had to look for John Semmens name...again..
The riddle has been solved: Julia's last name is Nobody.
Julia's cousin is Peggy Joseph.
The riddle has been solved: Julia's last name is Nobody.
Julia's cousin is Peggy Joseph.
Exactly! So, if the Won is correct, then cut off welfare tomorrow and nobody will riot. I’ll not hold my breath waiting for it to happen because the only sure part in there is that riots will immediately follow cutoff of welfare. But they don’t want something for nothing. Right....
Somebody got a half-billion dollars. In return...?
Shazam...a double post. Hasn’t happened since Ms. Joseph burst on the scene.
"We have come too far to abandon the change we fought for these past few years.
We have to move forward to the future we imagined in 2008 where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same rules.
That’s the choice in this election and that’s why I’m running for a second term as President of the United States.”~Barack Obama
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That's what the Libs call them going in. Later, they call them "Corporate Tax Loopholes" that cost "The Government" $Billions.
so....he is planning to lose the election 100-0?
ROFL
EVERYONE wants to get something for nothing!
This guy doesn’t know diddly about human nature.
The welfare state of the union
Snip: In fact, the Department of Agriculture has just reported that 43.6 million Americans are now receiving food stamps.
Significantly, in 2006, near the height of the historic Bush economic expansion, the number of Americans receiving food stamps was just over 20 million. Since then, the number of (food stamp) recipients has more than doubled, with nearly all of the increase coming under the presidency of Barack Obama.
Study shows largest population of welfare recipients are immigrants
Snip: Fifty seven percent of households in which immigrants live are collecting at least one welfare check. This number refers to both legal and illegal aliens living in the United States. The report found that the majority of people on welfare are not even residents or citizens of the country. Only 39 percent of Americans are receiving welfare compared to the totals for immigrants.
If this guy tries to run in a 3rd rated stand up comic routine, he would be laughed out the room.
Unfortunately, he’s the “Most Powerful Man(child) On Earth”.
Thanks, Obamabots.
It’s an economic axiom that everybody wants to buy as cheaply as he can, and sell as dearly as he can.
Maybe he didn’t know Aunt Zetuni?
I do.
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