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Wasteful Spending Script With Documentation

Wasteful Spending Script With Documentation

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Published by Rich Myslinski

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Categories:Types, Research
Published by: Rich Myslinski on May 02, 2012
Copyright:Attribution Non-commercial


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“Wasteful Spending”
Ad Transcriptand Documentation
VO: Washington promised to create American jobs if we passed their stimulus.
TEXT: “$83
 billion stimulus”
Federal News Service Transcript (via N.Y. Times), “Obama’s Remarks at Stimulus Signing,” 2/17/09;
What makes this recovery plan so important is not just that it will create or save three and a half million jobs over the next two years, including nearly 60,000 in Colorado.
It’s that we are
putting Americans to work doing the work that America needs done in critical areas thathave been neglected for too long
work that will bring real and lasting change for generations tocome.
” (emphasis added)
Congressional Budget Office, “Estimated Impact of the American Recove
ry and Reinvestment Act on
Employment and Economic Output from October 2011 Through December 2011,” February 2012;
“CBO now estimates that the total impact over the 2009
-2019 period will amount to about $831
VO: But that’s not what happened.
 VO: Fact: Billions of taxpayer dollars spent on green energy went to jobs in FOREIGN COUNTRIES.VO: The Obama administration admitted the truth: that $2.3 billion of tax credits went overseas
Washington Times, “’Green’ jobs no longer golden in stimulus,”
“The Department of Energy estimated that 82,000 j
obs have been created and has acknowledgedthat as much as 80 percent of some green programs, including $2.3 billion of manufacturing taxcredits, went to foreign firms that employed workers primarily in countries including China, SouthKorea and Spain, ra
ther than in the United States.”
“Wasteful Spending”
Ad Transcriptand Documentation
VO: …While millions
of Americans can’t find a job.
TEXT: “13 million unemployed back home” (Bureau of Labor Statistics)
Bureau of Labor Statistics Data; accessed April 16, 2012.http://data.bls.gov/timeseries/LNU03000000?years_option=all_years&periods_option=specific_periods& periods=Annual+Data Annual average U.S. unemployment for each year as follows:2009: 14,265,0002010: 14,825,0002011: 13,747,000
VO: $1.2 billion to a solar company that’s building a plant – 
in Mexico.
DOE Loan Programs Office, Press Release: “DOE Finalizes $1.
2 Billion Loan Guarantee to Support
California Solar Generation Project,” 9/30/11. Available at: 
U.S. Energy Secretary Steven Chu today announced that the Department has finalized a $1.237 billion loan guarantee to support the California Valley Solar Ranch Project, sponsored bySunPower Corporation.
PV Magazine, “SunPower to open Mexican plant,” 8/8/11; available at: 
“American module and system manufacturer SunPower 
has announced that it will open a new plant in Mexico. It will produce the SunPower E18, E19 and E20 modules and the SunPower T5Solar Roof Tile system.15 MW of SunPower trackers and modules will be supplied to Mahrindra in a new deal.The plant will be located in Mexicali, close to the U.S. border and inland from the border city of 
Tijuana. An existing 320,000 square foot building will be leased by SunPower for the facility.”
“Wasteful Spending”
Ad Transcriptand Documentation
 Note: SunPower, the sponsor of the California Valley Solar Ranch Project, later sold the project to NRGEnergy, but remains the developer of the project and SunPower solar panels will still be used for the
 project. See the project’s website for more information: 
Human Events, “SunPower: Twice as Bad as Solyndra, Twice as Bad for Obama,” 10/11/11; available at:
“How did a failing California solar company, buffeted by short sellers and shareholder lawsuits,
receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project
threeweeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to buildthe panels for the project.
The company, SunPower (SPWR-NASDAQ), now carries $820million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent
down the Solyndra drain.”
VO: Half a billion to an electric car company that created hundreds of jobs
in Finland.
 ABC News
, “Car Company Gets U.S. Loan, Builds Cars in Finland,” 10/20/11; available at:
With the approval of the Obama administration, an
electric car company
that received a
$529million federal government loan guarantee
is assembling its first line of cars in Finland, sayingit could not find a facility in the United States capable of doing the work.Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-upelectric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the company's manufacturing jobs are stilllimited to the assembly of the flashy electric Fisker Karma sports car in Finland."There was no contract manufacturer in the U.S. that could actually produce our vehicle," the car company's founder and namesake told ABC News. "They don't exist here."Henrik Fisker said the U.S. money has been spent on engineering and design work that stayed inthe U.S., not on the
500 manufacturing jobs
that went to a rural Finnish firm, Valmet
Automotive.” (emphasis added)

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