Ooops! There go some more ‘green’ jobs….

Remember when President Obama promised us that his $787 stimulus package would “save or create” millions of American jobs?

With unemployment now over 10 percent and still climbing, the president obviously didn’t create enough jobs to replace the millions that have been lost on his watch.  But Obama can’t even save “green” jobs he promised would replace them.

For example, General Electric just announced that it is closing down its only crystalline silicon solar-panel manufacturing plant in Newark, Delaware. The plant was supposed to generate annual revenue of $75 million, but thanks to overcapacity and competition from Chinese manufacturers, the price GE was getting for its solar panels was less than it cost to manufacture them.

All 82 plant employees will be laid off. It’s not easy being green.

Here’s the full story: http://money.cnn.com/news/newsfeeds/articles/djf500/200911060915DOWJONESDJONLINE000459_FORTUNE5.htm

Beltway Confidentialgreen jobsstimulusUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Ali Jamalian, whose life was disrupted in the wake of being charged with possession decades ago, now heads up Sunset Connect, a cannabis manufacturing company. (Kevin N. Hume/The Examiner)
Green Rush: Cannabis equity program elevates unexpected entrepreneurs

‘It’s a form of reparations for those of us who were ruined by cannabis arrest’

The Giants and Dodgers face each other again following a May series the Dodgers swept; Dodgers shortstop Gavin Lux caught stealing by Giants second baseman Donovan Solano at Oracle Park on May 23 is pictured. 
Chris Victorio/
Special to The Examiner
Giants vs. Dodgers: What you need to know before this week’s huge series

By Chris Haft Special to The Examiner That grinding noise you’ll hear… Continue reading

San Francisco supervisors approved zoning changes that will allow a chain grocery store to occupy the bottom floor of the 555 Fulton St. condo building. (Kevin N. Hume/The Examiner)
Trader Joe’s approved for Hayes Valley, bringing long-awaited grocery store

New Seasons Market canceled plans at 555 Fulton St. citing construction delays

Shek-Woon Ng, 107, who retired at 99 from his acupuncture practice in San Francisco’s Chinatown, got a COVID-19 vaccination in June. <ins>(Courtesy Sky Link TV)</ins>
Lesson from a 107-year-old man who is now fully vaccinated

One in four seniors in S.F.’s Chinatown have not been inoculated

Most Read