President Obama has taken a great deal of heat and criticism over his dealing with Solyndra, the solar panel ‘green’ company that received over $500 million in government grants before having to close their doors. His photo ops taken at the plant are now circulating as evidence with the news of the failed effects of Obama’s stimulus plan.
In the shadows of the Solyndra scandal, a second ‘green’ company that has been the recipient of stimulus money just announced its plans to eliminate 100-150 jobs. National Renewable Energy Lab, a non-profit outfit located in Golden, Colorado received around $200 million in government grants in 2009 after Energy Secretary Stephen Chu had visited the plant and endorsed its being considered for the stimulus money.
National Renewable Energy Lab’s initial business purpose was to work on various research and development programs for the Department of Energy. In 2008, the government funding for NREL was $328 million and in 2010 it was increased to $536.5 million. The 2009 stimulus grants were evidently in addition to their annual government funding.
Now NREL spokesman Bob Noun is blaming Congress for putting them in a financial situation that is forcing them to cut $8 million from their budget. Consequently, NREL is reducing its staff of 1350 down by 100-150 positions.
When Obama was running for office in 2008, he claimed that he would create 5 million ‘green jobs’ to help spur the economy. After being elected and forcing two huge stimulus packages through Congress, we are starting to see the results of Obama’s ‘green jobs’ program. First the loss of ‘green jobs’ with Solyndra and now the job cuts at NREL are showing the real success or lack thereof Obama’s 5 million ‘green jobs’ promise.