Monday, October 15, 2012

President Vows More Funds for "Green" Companies

(Associated Posers) – MIAMI, Florida- President Barack Obama beat back criticism of his “green energy” policies by vowing to increase funding for solar and wind projects. Under attack for spending $90 billion on subsidizing by Republican challenger Mitt Romney on companies, many of which have gone bankrupt, the President was steadfast in defense.

“By the way, yes, my plan will reduce the carbon pollution that is eating our planet because climate change is not a hoax,” Obama said at a campaign rally at the Bank United Arena at the University of Miami. “More droughts and hurricanes and wildfires, that’s not a joke. That’s a threat to our children’s future, and we can do something about it.”

This week, the House Energy and Commerce Committee announced it is seeking information from the Department of Energy about a $400 million loan to Abound Solar, which recently filed for bankruptcy. Abound was the fifth stimulus-funded green energy firm and the third to file for bankruptcy after Solyndra and Beacon Power. Obama vowed to pay for the subsidies by taking away tax breaks to oil companies. Oil companies are not subsidized, they simply receive the same tax benefits other manufacturers get.

“Economists like to point out that fossils fuel energies provide real jobs and cheaper energy without the need for taxpayer support” said a White House spokesperson “The problem is that there is no political control there. Who's in charge when companies aren't getting run by Washington? It's anarchy. Besides these green energy executives are Obama supporters and they are paid very well through these subsidies. They need the subsidies because they are not likely to ever produce products people actually want to pay for.”

Climate scientist Arlen Binford, who points out that he receives no government grants and so is unbiased points to “global warming” as the present hoax. “30 years ago it was global cooling and overpopulation, we were all supposed to be dead by now” he said “The fact is that the world was warmer 2,000 years ago than it is today. They were growing vineyards in northern England for crying out loud.”

Newest polls show Obama leading Mitt Romney by 3%*, as he continues to energize his supporters following a big win by Joe Biden over Republican VP prospect Paul Ryan. His move to take Florida away from the Republicans is aimed at making all of the other swing state result meaningless.

“If we get Florida, we got this” said spokeswoman Stephanie Cutter.

*- (Poll results are =/- 8%... sample was 44% D/ 35% R and 21% I)

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