Of course, high unemployment rates are rampant throughout Europe thanks to
Thanks to Bush's financial crash, which they still have not come out of as well as the U.S..
But that's their own damn fault for embracing austerity, which was guaranteed to be a disaster.
Obama got it right, getting $825 Billion back into the economy to halt the slide.
I thought it was Bush that got TARP passed to get the economy back on track.
TARP was the plan to print money for the big banks.
I'm talking about:
American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia
Wasn't that the Act that led to the highest budget deficit in the history of the US and wasted Billions on so-called clean energy companies that all went bankrupt? At least Obama got to blame the deficit on Bush.
You too ought to read recent articles on green energy in TIME and in The Economist. Your facts(?) are wrong on green and renewable sources of energy and the AR&RA was passed shortly after the Obama Administration took office, when we were in the grips of The Great Recession (2007-2009), it's impact served many purposes; it replaced, renewed or repaired some failing infrastructure, made targeted tax cuts, helped the unemployed by extending UEI and ended the Great Recession.
That said, look at this link to budget deficits, it is informative and debunks much of what is thought to be true by the ill informed.
U.S. Debt and Deficits: Time to Reverse the Trend
You should read this.
Obama stated “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”
And more than three dozen coal operations have been forced into bankruptcy in just over three years. Obama is keeping his campaign promise to bankrupt coal companies
Then Obama gave a bunch of his cronies government loans to start green-energy companies.
The result as follows:
The complete list of faltering or bankrupt green-energy companies:
Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Schneider Electric ($86 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*