Wednesday
Aug052009
Labor Secretary Claims Electric Vehicle Development Will Create Thousands Of Jobs, Revitalize Auto-Industry
Labor Secretary Hilda Solis praised the Obama administration’s announcement Wednesday to allocate $2.4 billion of Recovery Act funds for the development of electric vehicles.
“This is a perfect example of an investment that meets both short-term and long-term goals,” Solis claimed during a conference call with reporters. “[The] projects will create tens of thousands of good, sustainable jobs all across America and immediately help to revitalize the auto-industry in America.”
Solis also described the decision as an important step in combatting climate change and dampening U.S. dependency on foreign oil.
Ohio Governor Ted Strickland (D), whose state will receive $30 million in grants, cited the funding as proof of the stimulus plan’s success.
"We are just thrilled,” Strickland said. “There are some who talk about the stimulus not working. I can tell you, in Ohio, it is working.”
“This is a perfect example of an investment that meets both short-term and long-term goals,” Solis claimed during a conference call with reporters. “[The] projects will create tens of thousands of good, sustainable jobs all across America and immediately help to revitalize the auto-industry in America.”
Solis also described the decision as an important step in combatting climate change and dampening U.S. dependency on foreign oil.
Ohio Governor Ted Strickland (D), whose state will receive $30 million in grants, cited the funding as proof of the stimulus plan’s success.
"We are just thrilled,” Strickland said. “There are some who talk about the stimulus not working. I can tell you, in Ohio, it is working.”
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Solis, Ted Strickland, hilda solis in Frontpage 2, News/Commentary
Solis, Ted Strickland, hilda solis in Frontpage 2, News/Commentary
Reader Comments (2)
When the DOT-COM bust happened 11 years ago, a lot of people lost their shirts. Investments in junk stocks like walk-my-dog.com lost everything. Those stocks were worthless. But there were still some stocks that were based on real value, google, bestbuy, yahoo, etc., dropped in value but did not die. Smart investors survived.
Last year, the mortgage backed securities crashed because of the government required percentage of sub-prime mortgages, they crashed but not to zero. They were still based on real estate that physically exists. There is still value remaining.
There has been atmospheric cooling the last 8 years, and no new high global annual temperatures in the last 11 years. When the carbon credit scheme goes bust, because mommy earth decides to prove CO2 does not control climate, ALL carbon credits will be worthless. There will be no good carbon credits vs. bad carbon credits. And who will be holding these worthless credits after investing hundreds of billions of dollars? Power companies, manufacturers, bakeries, farmers, delivery companies, you name it. They will ALL go bankrupt.
So, if you liked the way sub-prime mortgage debacle turned out, or if you enjoyed the dotcom bust, you will love what happens if we institute cap&trade and that system busts.
NucEngineer is right! Sure, he being paid for by industry lobbyists and probably makes more spreading misinformation in a week than most people make in a year. But let's face facts: So-called "global warming" is just a secret ploy by wacko tree-huggers to make America energy independent, clean our air and water, improve the fuel efficiency of our vehicles, kick-start 21st-century industries, and make our cities safter and more liveable. Don't let them get away with it!