Obama: ‘Nobody Wants to Get Something for Nothing'

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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.”

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Pig farmers??? Just listen to this video.

http://www.youtube.com/watch_popup?v=FsNNt8GZ2YA