Obama And Chicago Style Corruption
Another Chicago boondoggle that will cost the taxpayer over $1,000,000,000 was just approved by the Obama administration Dept of Energy.
Secretary Chu Announces FutureGen 2.0
Awards $1 Billion in Recovery Act Funding for Carbon Capture and Storage Network in Illinois
Washington, D.C. – Today, U.S. Energy Secretary Steven Chu and U.S. Senator Dick Durbin announced the awarding of $1 billion in Recovery Act funding to the FutureGen Alliance, Ameren Energy Resources, Babcock & Wilcox, and Air Liquide Process & Costruction, Inc. to build FutureGen 2.0, a clean coal repowering program and carbon dioxide (CO2) storage network. The project partners estimate the program will bring 900 jobs to downstate Illinois and another 1,000 to suppliers across the state.
The country of Spain after spending billions on “Green Energy” recently concluded they wasted alot of money and received very little back. The government has no business funding these projects, if the project is so great then private investors will fund it. That’s how capitalism works, but since the Obama administration is devoid of capitalist they cannot grasp the concept. All this election did was transfer billions of dollars from fat cat Republican business clowns too fat cat Democrat billionaires. In the end the taxpayer still gets screwed, capitalism has been dying for years and Obama is going full throttle to wipe out what’s left. All these bailouts of the automotive and banking industry just rewarded bad business practice and drove us deeper into debt. All anybody has to do is watch the guys in congress and the whitehouse come and go from politician to lobbyist. The same cabal of scumbags in both parties sell out the taxpayer and enrich themselves with backdoor deals and behind the scene deals. So much money is involved its almost impossible to follow the money trail. True capitalism rewards innovation, hard work and good ideas while bad ideas and businessmen fail. But that’s not how the system works currently, bad business just needs to throw cash at there political buddies and the fix is in. Liberals and Democrats are so drunk with kool-aid they cannot see there being screwed just as bad or worse then before our “Dear Leader” seized power.