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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Thursday, November 22, 2012

A $6 Billion Obama Green Energy giveaway to Asia




Corruption  -  Obama to "launder" $6 Billion in tax money through Asia to reward his "Green Energy" friends.
  • Naturally only approved and Green politically correct American companies will be able to cash in on these subsidies.


CNS News reports the White House wants the federal government to spend $6 billion for a “sustainable energy future” plan with Asian countries that involves loaning tax dollars that we do not have to other countries who would in turn purchase Green U.S. technology, services and equipment.

“Recognizing that energy and the environment are among the most pressing issues confronting our region, President Obama, in partnership with Sultan Haji Hassanal Bolkiah of Brunei and President of the Republic of Indonesia Susilo Bambang Yudhoyono, proposed the U.S.-Asia Pacific Comprehensive Partnership for a Sustainable Energy Future,” the White House announced as Obama visits Asian Pacific countries.


The initiative comes after the Obama administration has been criticized for spending billions to subsidize U.S.-based green energy companies that went on to declare bankruptcy, including Solyndra, Ener1, A123, Beacon Power and other failed renewable energy ventures.

The White House announcement goes on to say that, “The United States will provide up to $6 billion to support the partnership.”

Most of that will come from the U.S. Export-Import Bank, which will launch a $5 billion export credit financing program to certain Asian countries over the next four years “to increase access to American technology, services and equipment to implement energy infrastructure.”

(CNS News)


 
 

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