Barack Obama’s Department of Energy hasn’t been the Santa Claus he promised for jobs in the U.S. All they’ve done is piss money – and that would be your money – down the toilet. The Department of Energy was “cash for clunkers before there were clunkers.
The latest episode of this comes at Carrier, the air conditioner people, in Indianapolis.
The Department of Energy awarded Carrier $5.1 million in clean energy tax credits in December 2013.
The announcement said the money would allow Carrier to “expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line.”
“Energy Efficient Buildings: With the support of $5.1 million in 48C Program tax credits, Carrier Corporation will expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line. The new line includes the most energy efficient gas furnaces on the market – all with at least 95 percent annual fuel utilization efficiency”
The Advanced Energy Manufacturing Tax Credit was part of President. Obama’s 2009 stimulus package, formally known as the American Recovery and Reinvestment Act.
The tax credit “has been instrumental in helping Carrier’s Indianapolis manufacturing facility accelerate production of our high-efficiency gas furnace line,” John Gibbons, director of Carrier’s residential product and platform strategy…
That was then, this is now.
Heating and air-conditioning company Carrier, which has announced it will move 1,400 Americans’ jobs to Mexico, received $5.1 million from the Obama administration.
Don’t expect to see the $5.1 million back from Carrier. They are today’s clunker. Here’s the announcement.
“The best way to stay competitive…”
This is the perfect picture of the Obama administration. Illegal immigrants coming to the U.S., U.S. jobs moving to Mexico. Obama stimulating Mexico.
I’m done with Carrier products. I hope their stock goes to hell.
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