WASHINGTON — President Barack Obama announced Saturday the awarding of nearly$2 billion (euro1.59 billion) for new solar plants that he said will create thousands of jobs and increase the country's use of renewable energy sources.
Obama disclosed the funding in his weekly radio and online address, saying it is part of his plan to bring new industries to the U.S.
"We're going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America," Obama said.
The two companies that will receive the funds from the president's $862 billion economic stimulus are Abengoa Solar, which will build one of the world's largest solar plants in Arizona, creating 1,600 construction jobs; and Abound Solar Manufacturing, which is building plants in Colorado and Indiana. The Obama administration says those projects will create more than 2,000 construction jobs and 1,500 permanent jobs.
Obama's announcement came a day after the Labor Department reported that employers slashed payrolls last month for the first time in six months, driven by the expected end of 225,000 temporary census jobs. Meanwhile, private-sector hiring rose by 83,000 workers.
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Mr. President is a day late and a dollar short. This is the opposite that Spain is doing in an attempt to get OUT of their recession.
ReplyDeleteRead more here: http://www.foxbusiness.com/story/markets/spain-energy-producers-reach-deal-cap-renewables-subsidies/
remember; he and his entire administration are out of their league. they are the elites and have be educated beyond common sense. coruption runs cold in their veins and they don't no how to fix stupid. nuf said......
ReplyDeleteIf solar energy were a viable solution it wouldn't need taxpayer money to subsidize it.
ReplyDeleteHow much "TAX" money was used to start the oil and coal industry?
These eco-morons just don't get it!
about time
ReplyDeleteYeah and we got sompin for his entire staff....
ReplyDeleteSeems a bit wasteful to give hundreds of million dollars to a Spanish company to build a power plant even as strong solar technology companies like ENER and Evergreen Solar are fighting for survival due to a lack of capital http://bit.ly/b3A4o6
ReplyDelete