Has Obama proved himself insane?
“I don’t know about you, but in my life what I’ve found, you know, sometimes I do boneheaded things, I make mistakes,” Obama said. “I find, when I try something that doesn’t work, then I don’t try it again. I don’t – you don’t go back to doing something that didn’t work.”
About 10 minutes later he says:
“We’re going to invest in American energy,” Obama said. “Yes, we want to continue to expand our production of oil and natural gas, but I also want to make sure we are the leaders in solar and biodiesel – the energy of the future that can help reduce dependence on foreign oil.”
The Obama administration spent $9 billion on solar and wind projects from 2009 to 2011 resulting in the creation of 910 “direct jobs,” according to a report by the National Renewable Energy Laboratory, which is part of the Energy Department.
A study by the Heritage Foundation, a conservative think tank, found that 19 of the companies that received loans or grants by the Obama administration have filed for bankruptcy or are in the process of doing so.
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