Obama Commits $6 Bil to Make Asia Green

Really??? Seriously, ......really?
Glad to know our economy is doing so great and wonderful, that we can afford to just give away that kind of money like it grows on trees or some thing, all for the Green Agenda.
Hope their "Green Programs" turn out better than the ones in the US did that went bankrupt.

In the midst of an economic crisis and a looming fiscal cliff, President Obama has generously committed $6 billion for a “sustainable energy” partnership with Asia. You can’t help but wonder what the commander-in-chief is thinking!

It’s bad enough that he’s blown hundreds of millions of dollars on failed clean energy programs in the United States (remember the $535 million Solyndra boondoggle) but now he’s asking American taxpayers to finance similar dubious projects 10,000 miles away. Check out the White House fact sheet announcing the brilliant plan, which is officially called the U.S.-Asia Pacific Comprehensive Partnership for a Sustainable Energy.

www.judicialwatch.org...

Its announcement was timed around President Obama’s tour of Asian Pacific countries this week. Under the plan the federal government will blow $6 billion over four years to bring “renewables and cleaner energy” to selected Asian nations. Details are still sketchy, but according to the White House announcement, this will occur because the cash will increase access to American technology, services and equipment.

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Shame that we as taxpayers don't have any say as to how the WH spends our money and where.
This just sounds like a waste of money that our country doesn't have IMO.

Fiscal cliff, what fiscal cliff ????




[ETA: Fix link......]

Giving away your green to make Asia green.

the president doesnt have the power to give away any money it`s up to congress to decide how to spend tax payers money, so if asia gets the 6 bil blame YOUR congress person.

Its just amazing how we always seem to have an ENDLESS supply of TAX DOLLARS for other countries no matter how much of a MESS our country is in.

American tax payers getting SHAFTED AGAIN.

Originally posted by Tardacus
the president doesnt have the power to give away any money it`s up to congress to decide how to spend tax payers money, so if asia gets the 6 bil blame YOUR congress person.

When was the last time Obama respected Congress?

He does what he wants and the voters have given him the OK to keep doing it.

Peace

Originally posted by Tardacus
the president doesnt have the power to give away any money it`s up to congress to decide how to spend tax payers money, so if asia gets the 6 bil blame YOUR congress person.

Since when does this administration care about going through Congress and following proper procedures?

But yeah, you're right....it's the congress' fault for not doing any thing to stop Obama when he steps on their toes, so to speak.

reply to post by snarky412

The Partnership will drive investment and facilitate progress on four key regional priorities: renewables and cleaner energy; markets and interconnectivity; the emerging role of natural gas; and sustainable development. We will engage with the private sector as well as partner countries in the region to determine specific projects within these four priority areas. We will work closely with the World Bank and the Asian Development Bank to enhance their work in the region on these issues. With an estimated $9 trillion needed in investment in electricity alone through 2035 to meet growing demand in the region, there is enormous potential for U.S. industry to play an important role in the region’s energy future.

We are not just "giving" it away. The 6 billion is like a "start up fee" to facilitate a partnership in order to sell our stuff to them.
www.whitehouse.gov...

In order to help US manufacturers and businesses, the US has agreed to provide up to US$6 billion to support the partnership. The US Ex-Im Bank will launch a programme to make available US$5 billion in export credit financing to eligible countries in the region over the next four years. This will help to increase access to American technology, services and equipment for the implementation of energy projects. The Overseas Private Investment Corp (OPIC), meanwhile, will provide US$1 billion to finance sustainable power and energy infrastructure projects.

www.pv-tech.org...

Export-Import Bank of the United States

The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government. It was established in 1934 by an executive order, and made an independent agency in the Executive branch by Congress in 1945, for the purposes of financing and insuring foreign purchases of United States goods for customers unable or unwilling to accept credit risk. The mission of the Bank is to create and sustain U.S. jobs by financing sales of U.S. exports to international buyers.

The Bank is chartered as a government corporation by the Congress of the United States; it was last chartered for a two-year term in 2012.[1] Its Charter spells out the Bank's authorities and limitations. Among them is the principle that Ex-Im Bank does not compete with private sector lenders, but rather provides financing for transactions that would otherwise not take place because commercial lenders are either unable or unwilling to accept the political or commercial risks inherent in the deal. Its current chairman is Fred Hochberg.

en.wikipedia.org...

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.

Maybe they'll have better luck than our country has been having.
Not a very good track record for the "green agenda" IMO......

Originally posted by snarky412
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.

Maybe they'll have better luck than our country did.
Not a very good track record for the "green agenda" IMO......

Actually its been mostly successful. We have improved the technology immensely and most of the energy companies have been doing relatively good.

Originally posted by TsukiLunar
reply to post by snarky412

 

The Partnership will drive investment and facilitate progress on four key regional priorities: renewables and cleaner energy; markets and interconnectivity; the emerging role of natural gas; and sustainable development. We will engage with the private sector as well as partner countries in the region to determine specific projects within these four priority areas. We will work closely with the World Bank and the Asian Development Bank to enhance their work in the region on these issues. With an estimated $9 trillion needed in investment in electricity alone through 2035 to meet growing demand in the region, there is enormous potential for U.S. industry to play an important role in the region’s energy future.

We are not just "giving" it away. The 6 billion is like a "start up fee" to facilitate a partnership in order to sell our stuff to them.
www.whitehouse.gov...

Just wondering...

Is it Cherry, Blueberry, Lime, Lemon, Peach, Strawberry, Raspberry, Mango...
the flavor of Kool-Aid you are inhaling?

Peace

We need whole new government. These traitors all need to go join their buddies in the UN building, then it must bulldozed into the sea.

reply to post by TsukiLunar

We are not just "giving" it away. The 6 billion is like a "start up fee" to facilitate a partnership in order to sell our stuff to them.

I'be never heard such crap in my life!
Do you really believe this?
We're going to give Asian nations the money to send it back to us to buy American stuff?
(We tried with solar panels -- it didn't work.)

What if we just gave the $6 billion to Solydra and A123 to make batteries, and gave them away?
What if we just gave back $1000 to everyone over 30, who doesn't earn $200,000, and let them spend as they want?

Complete idiocy.

deny ignorance

jw

Originally posted by TFCJay
Giving away your green to make Asia green.

Sadly, it will not "make Asia green."

It will more likely enrich several Asians and a few cronies.

Well, now we know where to invest our money, for the short-term anyway (because it's destined to fail)

Smart money...

Take the emotion out of it

reply to post by snarky412


That's nothing compared to what we spend on, say, a single F35.

The fact that it's going toward something good for a change is nice, though, especially since the Third World is quickly becoming the primary source of greenhouse gas emissions.

reply to post by Trustfund

So what, if there's an Ex-Im Bank? You offer nothing to make the post add to the discussion.

The Ex-Im Bank was the mechanism we used to funnel hundreds of millions of "green" dollars out only to have it sent back to try to prop up failing "green" businesses. It falied, miserably.

The definition of insanity is "doing the same thing over again and expecting a different result!"

reply to post by snarky412


Uh yeah, $100 million to buy all the technology they want and then $5.9 billion to copy it and build it their factories and then sell it back to us without paying their licensing fees and so we can all pay for it twice. Clever plan that Bareback Obama's got there! Give the chinese money so they don't have any of their own costs, 100% profit! What a sweetheart deal, it's even better for the chinese than the outsourcing of most of the north american jobs and manufacturing.

What is this idiot thinking (or not thinking). I think we need a new disease name here called OS meaning the Obama Syndrome or maybe "dumbfukytis."

Cheers - Dave

reply to post by jdub297

So what, if there's an Ex-Im Bank? You offer nothing to make the post add to the discussion.

The whole point of my post was to give people more information on what/how the 6 billion dollar "deal" really is.

God forbid someone actually posts facts about the topic at hand.

$6 Billion would FEED A LOT of HUNGRY People !!!!