July 3rd, 2010
10:17 AM ET
8 years ago

Obama announces new solar funding, slams GOP on benefits

Washington (CNN)
– President Obama's weekly radio and internet address has just one theme this week: jobs, jobs, jobs.

Released just one day after a Labor Department report indicated a net loss of 125,000 jobs in June, Obama uses the address to announce $2 billion in conditional funding for two U.S. based solar companies.

According to the White House, the two companies – Abengoa Solar and Abound Solar Manufacturing – will use the funding to build new production facilities.

Abengoa Solar will build a plant in Arizona, while Abound Solar Manufacturing will build two new facilities, one in Colorado and one in Indiana.

But Obama acknowledges the economic difficulties of the moment.

"[T]he truth is, steps like these won't replace all the jobs we've lost overnight. I know folks are struggling. I know this Fourth of July weekend finds many Americans wishing things were a bit easier right now. I do too," Obama says.

Obama also takes aim at Senate Republicans, criticizing their attempts to delay the extension of unemployment benefits and tax credits to people and small businesses hurt by the recession.

"Still, at a time when millions of Americans feel a deep sense of urgency in their own lives, Republican leaders in Washington just don't get it," Obama says. "While a majority of Senators support taking these steps to help the American people, some are playing the same old Washington games and using their power to hold this relief hostage – a move that only ends up holding back our recovery. It doesn't make sense."

Last week, the Senate did approve a stand-alone homebuyers tax credit shortly after a failed attempt to advance a bill that combined the credit with an unemployment benefits extension.

Republican leaders objected to the measure because it would have added to the national debt. They offered alternative bills that would have paid for unemployment benefits with unused stimulus funds.

Senate Majority Leader Harry Reid, D-Nevada, said the chamber will take up the benefits bill again once a replacement for the late Senator Robert Byrd, D-West Virginia, is named. Byrd, the longest serving member of Congress in history, died Monday at age 92.

Filed under: Energy • Jobs • President Obama
soundoff (58 Responses)
  1. Dave, CA

    Those who are supporting Barack here are nuts. They are brain-washed. Our economy is destroyed in front of our eyes. Wake-up America. This guy does not know anything. He has no experience whatsoever. He wants to spend the money which he does not have. He wants to talk about solar energy. What is wrong with him. Go back to Chicago.

    July 3, 2010 12:00 pm at 12:00 pm |
  2. Bill from GA

    And about Nuclear Energy: It's so good The Southern Company is building 2 more reactors in GA. They want us ratepayers to pay in advance, rather than tie up their investors money. And the Federal government is backing the project, to the tune of billions of dollars. The power companies don't like nuclear enough to put their own money there. TAXPAYERS ARE SUBSIDIZING IT!!

    July 3, 2010 12:02 pm at 12:02 pm |
  3. Lenny

    Arizona? I thought we were supposed to boycott them. I guess that only applies until it's benificial to the administration.

    July 3, 2010 12:07 pm at 12:07 pm |
  4. Bill from GA

    And about Solar, an article in Wired 2 or so years back had a small solar setup with cheap mirrors reflecting sun into a collector. Made a lot of juice from a small area. Maybe research money could get that, and other new ideas, to market. They work best when the sun is brightest; in GA, that's when we use the most electricity. Supplement the grid with solar.

    Like a recent poster said: Select D to move forward, select R to move backwards.

    July 3, 2010 12:12 pm at 12:12 pm |
  5. David

    One simple question. Where are we getting $2 billion dollars for this project?

    July 3, 2010 12:26 pm at 12:26 pm |
  6. Slick William

    NVa Native July 3rd, 2010 10:39 am ET

    Rational discussion from an educated, intelligent, articulate, and hard working US President.
    For these attributes alone the lizard brains (neo-cons & tea-baggers) hate him and perceive him as foreign. The very opposite of what they are familiar with.
    Ain't evolution a bitch.

    Haahaaa too funny! You have to allow Natures law to function to have evolution my friend, Darwinism's survival of the fittest, a concept that a liberal progressive just could never comprehend. Hard at work doing what bankrupting, dividing and destroying our Nation, while not on date night or the golf course that is.
    We are stagnated...until 2010 then with the grace of God we will begin the climb out!

    July 3, 2010 12:29 pm at 12:29 pm |
  7. Sherry

    Oil if finite. We simply must get on with utilizing other means of energy. I read a book last year that addressed these issues that was fascinating called The Manhattan Project of 2009 by Jeff Wilson. No one single source of alternative energy is going to be the answer but we need to utilize each to it's fullest potential.

    July 3, 2010 12:49 pm at 12:49 pm |
  8. jean2009

    Now, the Republicans complain! What hypocrites...8 years of not paying for anything, while running our country into a depression...still they don't want to care for those desperately in need like the unemployed.

    They still are on the side of stuffing the pockets of their rich corporate friends with tax breaks which only wind up as bonuses and golden parachutes to corporate big wigs.

    July 3, 2010 12:52 pm at 12:52 pm |
  9. Charles W. Skinner

    Again, after screaming PAYGO, PAYGO, PAYGO for months, once they Democrats get it passed and get control of both the Congress and Presidency, Democrat members ignore it, claiming everything under the sun (literally) is an emergency. The Democrat members are hypocrites. Plain and Simple.

    July 3, 2010 12:54 pm at 12:54 pm |
  10. THE-in chief

    Obama anointed "the thoughtful-deliberate-one" means circumspect, cautious, lost in thought, etc....Yes, lost in thought and too busy ridiculing one and all who dare to question the "procrastinator-in chief". He ran for president on his speech making ability knowing that he had no leadership ability....but now we know that too....................!

    July 3, 2010 01:23 pm at 1:23 pm |
  11. normajean


    July 3, 2010 01:29 pm at 1:29 pm |
  12. xxl

    I feel sorry for the next POTUS, by the time Pres. Obama's terms are over the bar will be set so high that pres. Superman and vice pres. Wonderwoman wont be able to handle the job

    July 3, 2010 01:34 pm at 1:34 pm |
  13. normajean

    Don't we just love the "know it alls" who will write that the president doesn't know anything etc.etc. Why do so many people think that they are smarter than every one else. Are you very wealthy because of how smart you are?. Have you won major prizes such as a Pulitzer because you're such a great writer, how about being a CEO? No, well I'm not surprised You are just a smart "A"There are more of you around than there are people who have really accomplished something. Rant on idiot.

    July 3, 2010 01:36 pm at 1:36 pm |
  14. HeyZeus

    Jessca Brown, there are very few solar companies thanks to the Oil and gas industry buying all the startups then shelving them.

    I think it's about time we saw some alternative energy funds. If the Republicans want this paid for, then they need to stop allocating money every year to their oil and gas supporters (which most have holdings in), then take what they were going to give to them, and re-allocate it for wind and solar energy.

    As far as if it is not paid for, we won't allow it mentality, it is funny how when THEY were in majority all sorts of things were not paid for, yet they put billions into them.

    and Dave in Ca. the economy wasn't broken by this President, so stop trolling. Your W. buddy broke this one with allowing de-regulation of his cronies businesses, thus profiting from them after he left office.

    July 3, 2010 01:37 pm at 1:37 pm |
  15. ---


    July 3, 2010 01:40 pm at 1:40 pm |
  16. B in FL

    I can't understand all those who still tout tax breaks for corporations as being the answer to bring jobs back here. Bush gave out those tax breaks big time and we had more jobs shipped overseas than ever before. Corporations will continue to hire cheap labor no matter how many tax breaks they get. It's all about the profits!! Now, giving tax breaks to companies that keep jobs here is an incentive that should be enforced but, of course, there would need to be regulations and oversight to make sure they are, in fact, hiring Americans!!!

    July 3, 2010 01:46 pm at 1:46 pm |
  17. usn

    Isn't his speach suppose to start with "Once upon a time " Or is his nose just supose to grow ?

    July 3, 2010 01:52 pm at 1:52 pm |
  18. B in FL

    From Hugo – "the Dems have had control for 6 years now and we the middle class are reaping the fruit of their labors"
    Sir, you need to check your facts. The Dems were overwhelmingly elected in 2006 because the Repubs were doing such a bang up job and the economy was already tanking. The Dems took over in 2007 which means they have had a majority for 3 1/2 years. Also, in 2007 & 08 Bush used his veto pen like never before (didn't veto anything when the Repubs were in charge). So, please quit blaming the Dems for the ills of this country.

    July 3, 2010 01:55 pm at 1:55 pm |
  19. Tom

    Mr President, stop with the solar stuff...it won't create enough jobs. The future is in natural gas and we are the Saudi Arabia of natural gas. We can create hundreds of thousands of jobs if we just open our eyes. Solar is still a ways off and truely isn't a solution for most areas of the country.

    July 3, 2010 01:57 pm at 1:57 pm |
  20. La Piovra

    Abengoa, a Spanish company, is locating in Arizona? Aren't they afraid of winding up in the brig as suspected "illegals"?

    July 3, 2010 02:05 pm at 2:05 pm |
  21. Really?

    Two companies? Does that make up for 125,000 jobs?
    Whats next? New Green basket weaving techniques?

    Wake up people!!!

    July 3, 2010 02:10 pm at 2:10 pm |
  22. w l jones

    Not one of these cities going to turn down fourteen billion dollars in start up economy activitly over seven round within a limit number of years.

    July 3, 2010 02:12 pm at 2:12 pm |
  23. Donkey Party

    What a wonderful country we'll have when all the right-wingers perish like the rotten vegetables they are.

    July 3, 2010 02:13 pm at 2:13 pm |
  24. jenn, philadelphia

    What happened to the man who said he'd go through the budget line by line and cut wasteful spending? He'll find the money to pay to extend unemployment benefits then. What happened to the man who touts passing "pay-go" as a way to rein in spending? He's the one who keeps passing "emergency" spending bills to get around it. Do what you promised? Stop blaming the last administration, claiming you "inherited" this mess. You knew what you were getting into, these problems didn't pop up on 1/21/09. You campaigned on being the one who could fix them. Then do it!

    July 3, 2010 02:13 pm at 2:13 pm |
  25. Stymie

    I hope everyone enjoys the largest tax increase in history on Jan1, 2011.

    July 3, 2010 02:21 pm at 2:21 pm |
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