CALLER: Oh, my gosh. I\u2019m wondering if my dad\u2019s turning over in his grave right now.<\/p>\n
RUSH: I hear you. Thanks for the call. <\/p>\n
BREAK TRANSCRIPT<\/p>\n
![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-Solyndra-02.jpg\"\/)
“A new report by the Labor Department\u2019s Office of Inspector General examined a $500 million grant under the stimulus program to the Employment and Training Administration to ‘train and prepare individuals for careers in “green jobs.”‘ So far about $162.8 million has been spent. The program was supposed to train 125,000 workers, but only 53,000 have been ‘trained\u2019 so far, only 8,035 have found jobs, and only 1,033 were still in the job after six months.” So a half a billion dollars in stimulus money, Porkulus money supposed to go to jobs training for so-called green jobs. Three years later, only a third of that money has been spent, only 40% of the people who were to be trained have been trained, and only 15% of those trainees have gotten jobs, and only 12% of those people have kept the job for six months. <\/p>\n
So all told, fewer than 1% of the people who were supposed to be put in green jobs by this green jobs training program now have jobs, and it only has cost $157,000 per job. And there\u2019s no business there! But that\u2019s not all. There is more. The regime has expanded the definition of green jobs now to include bus drivers. EPA regulators, university professors, that now qualifies as a green job, and therefore suitable for federal funding, even the Washington lobbyists who have been scoring these bad green energy loans. Meanwhile, Obama\u2019s latest jobs bill asks for more of exactly the same kind of jobs training for more green jobs. <\/p>\n
Now, the inspector general who uncovered this latest fraud says the still unspent money from the green jobs training program should go to reduce the deficit. He doesn\u2019t realize that this leftover stimulus money was always meant to be left over. It was always meant to be unspent. This is the slush fund. This is Obama\u2019s stash, the unspent stimulus money meant to provide the regime with their walking-around money for the 2012 elections. This is Obama\u2019s stash. All under the guise of job training for green jobs. And again the numbers, supposed to train 125,000, and now, after six months, only 1,033 are still on the job. And the number is gonna fall because there is no green industry.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: Here\u2019s Ryan in Princeton, New Jersey. Glad you waited, sir, you\u2019re next on the EIB Network. Hi.<\/p>\n
CALLER: Hi, Rush. How are you today?<\/p>\n
RUSH: Good. Thanks much.<\/p>\n
CALLER: I just had a comment when you were talking about the green business and the jobs. I disagree with you. I\u2019m an attorney up in New Jersey. I specialize in the solar industry, and there\u2019s definitely a green business and a green industry, but where you are right is there\u2019s not specialized jobs. If you\u2019ve ever been to one of these plants that manufacture solar panels, for example, it requires two people to operate. It\u2019s very automated, and most of the people that are working in the green business, the green industry that\u2019s up here, have skill sets that are transferable, they\u2019re electricians that simply now work in the solar field but they\u2019re skilled electricians so there\u2019s a green business but it doesn\u2019t create specialized jobs that require all sorts of specialized training and things like that.<\/p>\n
![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/Obama-oil-out-of-business_large.jpg\"\/)
CALLER: I think that\u2019s important to differentiate.<\/p>\n
RUSH: All right, I\u2019ll take that. Tell me, though, \u2019cause I need to learn, \u2019cause I\u2019m a skeptic. When it comes to out of the mouth of a Democrat, my first reaction is to think that it\u2019s absolute poop, so tell me what is a green job. I\u2019m not challenging. I\u2019m curious. Of all the jobs, give me a green job. See, I\u2019m under the impression that a green job is something we didn\u2019t have before, a green job is a new kind of job. What is a green job?<\/p>\n
CALLER: See, there I agree with you. There isn\u2019t really a green job. It\u2019s just a job that happens to be in the green industry.<\/p>\n
RUSH: Okay, what\u2019s the green industry?<\/p>\n
CALLER: If you\u2019re involved in the industry that deals with renewable energy such as wind, solar, geothermal, tidal, that\u2019s an industry that deals with renewable energy sources.<\/p>\n
RUSH: Is there such a thing scientifically as renewable energy?<\/p>\n
CALLER: I guess it\u2019s a nomenclature to describe that the source, for example, for solar is infinite. Assuming the sun rises tomorrow there will be a source to take the power from the sun and convert it into power, electricity. So it\u2019s renewable in the sense that it\u2019s renewable on an annual basis as the earth rotates and the sun rises and sets every day.<\/p>\n
RUSH: Sort of like when a cow eats, chews its cud and drops a load, then that fertilizes the hay.<\/p>\n
CALLER: That\u2019s exactly right. As long as the cow stays alive and it\u2019s got stuff to chew and then things operate properly so he\u2019s not sick, that should happen on a daily basis, yes.<\/p>\n
RUSH: Okay, so we all then do what the cow does. As long as we\u2019re alive we\u2019re all engaging in renewable energy.<\/p>\n
CALLER: Yes, that is correct.<\/p>\n
RUSH: Okay. Well, that helps. ‘Cause you talk nomenclature or whatever, it\u2019s all just bogus and it\u2019s the attempt by the regime to make people think that there is some magical energy source that is never dirty, that is always plentiful, that does not destroy the planet. It\u2019s all pipe dream. And then of course you got the wild-eyed utopian idealists thinking all this stuff is possible, and they don\u2019t understand really the ingenuity and hard work that\u2019s responsible for the energy that we have now, which is inseparable from our freedom and liberty. I appreciate the call, Ryan, I really do.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: By the way, that\u2019s a good point. Green jobs are just government jobs. There are no green jobs in the private sector \u2019cause there\u2019s no business there. There\u2019s not a profitable business there. (interruption) Oh? The CEO of Solyndra, Brian Harrison, resigned last Friday, disclosed in court filings, Washington Post. Resigned from what? Well, I know, but they filed for bankruptcy. Okay, I\u2019ll accept it. Brian Harrison has resigned as CEO of Solyndra. So that frees him up to work full time on Obama\u2019s reelect. See how this works? <\/p>\n
Speaking of all this, there\u2019s a great piece by Robert Bryce at National Review Online yesterday. “America\u2019s Worst Wind-Energy Project — Wind-energy proponents admit they need lots of spin to overwhelm the truly informed.” You read this and you\u2019re assaulted with — I guess the shock — can\u2019t even get your whole brain around the massive misuse of federal money that we have going to the guys in green energy. It\u2019s one of the biggest slush funds that has ever been created by a politician for himself. <\/p>\n
![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/GE-Immelt.jpg\"\/)
“During the webinar, Justin Rolfe-Redding, a doctoral student from the Center for Climate Change Communication at George Mason University –” now stop and think of that, the Center for Climate Change Communication, a propaganda department at George Mason University “– discussed ways for wind-energy proponents to get their message out to the public. Rolfe-Redding said that polling data showed that ‘after reading arguments for and against wind, wind lost support.\u2019 He went on to say that concerns about wind energy\u00c2\u2019s cost and its effect on property values ‘crowded out climate change\u2019 among those surveyed.<\/p>\n
“The most astounding thing to come out of Rolfe-Redding\u00c2\u2019s mouth — and yes, I heard him say it myself — was this: ‘The things people are educated about are a real deficit for us.'” The wind energy proponent, the PR guy, the strategist, said, “‘The things people are educated about are a real deficit for us.\u2019 After the briefings on the pros and cons of wind, said Rolfe-Redding, ‘enthusiasm decreased for wind. That\u00c2\u2019s a troubling finding.\u2019 The solution to these problems, said Rolfe-Redding, was to ‘weaken counterarguments\u2019 against wind as much as possible. He suggested using ‘inoculation theory\u2019 by telling people that ‘wind is a clean source, it provides jobs\u2019 and adding that ‘it\u00c2\u2019s an investment in the future.\u2019 He also said that proponents should weaken objections by ‘saying prices are coming down every day.\u2019<\/p>\n
“It\u00c2\u2019s remarkable to see how similar the arguments being put forward by wind-energy proponents are to those that the Obama administration is using to justify its support of Solyndra, the now-bankrupt solar company that got a $529 million loan guarantee from the federal government. But in some ways, the government support for the Shepherds Flat deal is worse than what happened with Solyndra. The majority of the funding for the $1.9 billion, 845-megawatt Shepherds Flat wind project in Oregon is coming courtesy of federal taxpayers.” Two billion, forget solar; now we\u2019re on to wind. Two billion for the Shepherds Flat wind project<\/p>\n
“That largesse will provide a windfall for General Electric and its partners on the deal who include Google, Sumitomo, and Caithness Energy. Not only is the Energy Department giving GE and its partners a $1.06 billion loan guarantee, but as soon as GE\u00c2\u2019s 338 turbines start turning at Shepherds Flat, the Treasury Department will send the project developers a cash grant of $490 million. The deal was so lucrative for the project developers that last October, some of Obama\u00c2\u2019s top advisers, including energy-policy czar Carol Browner and economic adviser Larry Summers, wrote a memo saying that the project\u00c2\u2019s backers had ‘little skin in the game\u2019 while the government would be providing ‘a significant subsidy (65+ percent).\u2019 The memo goes on to say that, while the project backers would only provide equity equal to about 11 percent of the total cost of the wind project, they would receive an ‘estimated return on equity of 30 percent.'”<\/p>\n
Now, wait. It gets better. “The Obama administration\u00c2\u2019s loan guarantee for the now-bankrupt Solyndra has garnered lots of attention, but the Shepherds Flat deal is an even better example of corporate welfare. Several questions are immediately obvious: First: Why, as Browner and Summers asked, is the federal government providing loan guarantees and subsidies for an energy project that could easily be financed by GE, which has a market capitalization of about $170 billion?” Why are they being given two billion? <\/p>\n
“Second: Why is the Obama administration providing subsidies to GE, which paid little or no federal income taxes last year even though it generated some $5.1 billion in profits from its U.S. operations? Third: How is it that GE\u00c2\u2019s CEO, Jeffrey Immelt, can be the head of the President\u00c2\u2019s Council on Jobs and Competitiveness while his company is paying little or no federal income taxes? That question is particularly germane as the president never seems to tire of bashing the oil and gas industry for what he claims are the industry\u00c2\u2019s excessive tax breaks.<\/p>\n
“A few months ago, I ran into Jim Rogers, the CEO of Duke Energy. I asked him why Duke — which has about 14,000 megawatts of coal-fired generation capacity — was investing in wind9energy projects. The answer, said Rogers forthrightly, was simple: The subsidies available for wind projects allow Duke to earn returns on equity of 17 to 22 percent.” So my point, green jobs are government jobs, and the government is funding and subsidizing already wealthy corporations and then giving them a large return on their profit. Immelt may as well be in the same bed as Obama is in. “In other words, Shepherds Flat is adding yet more wind turbines to a region that has been overwhelmed this year by excess electrical generation capacity from renewables. And that region will now have to spending huge sums of money building new transmission capacity to export its excess electricity.”<\/p>\n
As Robert Bryce said, “The more people know about the wind-energy business, the less they like it.” It isn\u2019t a business. It\u2019s a government-subsidized slush fund. Take Solyndra and multiply it, and then add General Electric to it. Seriously, folks, what is a company that has a market cap of $170 billion doing getting $2 billion basically gratis to invest in wind turbines? Well, the answer is obvious. I remember Robert Mosbacher was a friend of mine. He was the commerce secretary during Bush 41, and that was \u201988 to \u201992. And \u201988 to \u201992, the high definition television business was in its infancy. And back in those days, the Japanese were way ahead of us, HDTV. <\/p>\n
Domestic American manufacturers went to Mosbacher, the Commerce Department, and sought subsidies for the development of HDTV. And Mosbacher told \u2019em no, that\u2019s not what we\u2019re in business to do. You say what you want about Bush 41 and all that, but I\u2019ll never forget, I was watching Mosbacher, it was back on Lou Dobbs\u2019 old CNN show on CNN, six o\u2019clock at night, they were talking about this. I remember Mosbacher came under a lot of criticism. “Well, how come the government will not help its own domestic industry in competition with the Japanese?” And Mosbacher\u2019s answer was, “If they don\u2019t have the money on their own they shouldn\u2019t be getting into it.” It\u2019s just that simple. Mosbacher would be run out of town on a rail today,<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Pittsburgh, this is Patty, great to have you on the program. Welcome. CALLER: Rush, one of my top ten all-time favorite male names. I am so honored to talk to you. RUSH: Thank you very much. I appreciate it. That\u2019s cute. CALLER: You\u2019re my sanity since my dad passed away. I\u2019m just glad my […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n