A Record of Failure by Obama

 A Record of Failure

As a Presidential candidate in 2008, Obama promised that he would focus on creating “jobs that pay well and can’t be outsourced”.  To date billions of dollars have been spent to create jobs. All these jobs have been outsourced or spent overseas.

 

Switzerland

Swiss-based Landis+Gyr Received over $50 million in stimulus contracts for their Smart Grid Meters, Cathy Zoi, a former Obama Energy Department Official, Held over $250,000 worth of stock in the company as they profited from her department’s policies.

China

Stimulus Funds

North Carolina-based LED maker Cree Inc received over $39 million through the Stimulus and later opened its First Plant in China.  Over half of the company’s employees are now located in China and Cree’s CEO  says the company ‘s strategy is “Cree Chip, China Heart”

Stimulus Funds

Solar Power Industries Received a $5.4 million stimulus grant before laying off American workers based on an Increased Reliance on Imports from China.

Finland

Loan Guarantees

After receiving a $500 million loan guarantee, Fisker Automotive is producing their $100K Luxury Electric Sports Car in Finland.

Denmark

Stimulus Grants

Subsidiaries of Danish Wind Mill Maker Vestas Received $51.6 Million in stimulus Grants to build U.S. based factories.  They have announced plans to layoff 180 U.S. Workers and possibly another 1,600 by the end of the year.

Stimulus Grants

Danish Catalyst Company, Haldor Topsoe, Received a $25 million Stimulus Award for the Construction of a Demonstration Scale Biorefinery.

South Korea

Stimulus Grants

The Gulf Wind Project received a $170 million Stimulus Grant and Sourced the Parts from South Korea, as well as Japan, and Mexico.

Australia

Stimulus Grants

SunPower admits that some of the solar panels for the $1.3 billion stimulus backed California Solar Valley Ranch will be manufactured at their facility in Mexico rather than their facility in California

ABB Inc received over $16 million in Stimulus Funds to create Green Energy Manufacturing Jobs, the Company has laid off workers in the U.S. and transferred work to Mexico.

New Zealand

Stimulus

A $817,000 Stimulus Contract was awarded to New Zealand’s connexionz to Install bus monitors for the city of Sanita Clarita.  A local contractor that could have performed the work objected to the funds going overseas.

Thailand

Bailout funds

After taking a taxpayer-funded bailout, General Motors opened a $200 million Plant in Thailand to supply diesel engines for the Chevrolet Colorado Pickup truck.

Vietnam

Jobs Council

General Electric opened a $61 million factory in Hai Pong to produce Wind Turbine Components.

Germany

Stimulus Grants

At least 25 Wind Turbines for stimulus funded projects were supplied by German-based nordex.

Luxembourg

Stimulus

Luxembourg-Based ArcelorMittal’s Subsidiary received $31.5 million in Stimulus funds for a waste Heat recovery unit.

Indonesia

Stimulus Funds

The EPA gave a $1.5 million grant to Indonesia to reduce Air Pollution in Jakarta

 Japan

Stimulus Grants

Japanese-Subsidiary Eurus Energy Received $91.4 million in Stimulus grants for a Wind Farm completed before the Stimulus was passed and used 180 Turbines manufactured overseas by Mitsubishi.

You can find more countries and found a complete map at www.obamanomicsoutsourced.com