Four Years Of Broken Promises For Virginia But after years of failed economic policies that have left nearly twenty-three million Americans struggling for work,it’s clear President Obama doesn’t have what it takes to get our economy moving aga
Rate Has Increased To 8.1%. (Bureau Of Labor Statistics, www.bls.gov, Accessed 5/4/12)
•In April 2012 Alone, “More Than 340,000 Workers Dropped Out Of The Labor Force.” “April's jobs report was, in a word, disappointing. The economy added only 115,000 jobs. Hiring slowed. More than 340,000 workers dropped out of the labor force.” (Charles Riley, “Why Obama Can't Match The Reagan Recovery,” CNN Money, 5/4/12)
•Nearly Twenty-Three Million Americans Are Unemployed, Underemployed, Or Have Stopped Looking For Work. (Bureau Of Labor Statistics, www.bls.gov, Accessed 5/4/12)
Candidate Obama, In Virginia: “I Will Invest $15 Billion A Year In Renewable Sources Of Energy To Create Five Million New, Green Jobs…” OBAMA: “If I am President, I will invest $15 billion a year in renewable sources of energy to create five million new, green jobs over the next decade - jobs that pay well and can't be outsourced; jobs building solar panels and wind turbines and fuel-efficient cars; jobs that will help us end our dependence on oil from Middle East dictators.” (Senator Barack Obama, Remarks, Richmond, VA, 10/22/08)
•The Obama Administration Loaned More Than Half A Billion Dollars To Solyndra, Which Went Bankrupt And Laid Off 1,100 Workers. “In a blow to the Obama administration's efforts to create green jobs, solar-cell maker Solyndra announced Wednesday that it will close its remaining Fremont factory, lay off its 1,100 employees and file for bankruptcy. The news marked an abrupt end for a company once considered among the most innovative in a fast-changing industry. The bankruptcy also represents a high-profile failure for a federal stimulus program that gives loan guarantees to green-tech manufacturers. Solyndra was the first company to win one of the guarantees, receiving $535 million in 2009 to build its second factory in Fremont less than a mile from the company's original plant.” (David R. Baker and Carolyn Said, “Solyndra Closes Fremont Plant - Stimulus Hopes Dim,” San Francisco Chronicle, 9/1/11)
•“The Millions Of ‘Green Jobs’ Obama Promised Have Been Slow To Sprout…” “But the millions of ‘green jobs’ Obama promised have been slow to sprout, disappointing many who had hoped that the $90 billion earmarked for clean-energy efforts in the recession-fighting federal stimulus package would ease unemployment - still above 8 percent in March.” (Andy Sullivan, “Analysis: Obama's ‘Green Jobs’ Have Been Slow To Sprout,” Reuters, 4/13/12)
•Of The First 12 Obama Administration Loan Guarantees, “Two Firms Filed For Bankruptcy, A Third Has Faced Layoffs And A Fourth Deal Never Closed.” “The bonuses and bankruptcies come against a growing wave of trouble for companies financed with Energy Department dollars. Of the first 12 loan guarantees the department announced, for instance, two firms filed for bankruptcy, a third has faced layoffs and a fourth deal never closed.” (Ronnie Greene and Matthew Mosk, “Green Firms Get Fed Cash, Give Execs Bonuses, Fail,” ABC News, 3/6/12)
.gif)
