"Take the money and run..." - Granite Grok

“Take the money and run…”

Carrier logoWith all due respect to the Steve Miller band (…take the money and run…), Carrier, is.  Yes, go for one of those seemingly “bottomless pit” grants after promising one thing – but just like Solyndra (the failed solar panel maker that Obama gave $500 million to and then ran away (albeit by going under)), we see yet another beggar at the Clean Energy trough take US taxpayers for a ride (emphasis mine, reformatted):

Carrier Received $5.1 Million in Obama-Stimulus Cash Before Move To Mexico

Heating and air-conditioning company Carrier (part of United Technologies), which has announced it will move 1,400 Americans’ jobs to Mexico, received $5.1 million from the Obama administration.  Local media reported the “Department of Energy awarded Carrier $5.1 million in clean energy tax credits in December 2013” for its Indianapolis facility. They planned to use the money to “expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line.

From WIBC:

“Energy Efficient Buildings: With the support of $5.1 million in 48C Program tax credits, Carrier Corporation will expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line. The new line includes the most energy efficient gas furnaces on the market – all with at least 95 percent annual fuel utilization efficiency”.  At the time, John Gibbons, director of Carrier’s residential product and platform strategy, said the cash “has been instrumental in helping Carrier’s Indianapolis manufacturing facility accelerate production of our high-efficiency gas furnace line.”

I still think it wrong that Government blithely hands out $$$ to perfectly good companies that can well afford such R&D expenditures but such is Crony Capitalism when it FORWARDs the Left Green agenda – and in this case, I’m betting that NOTHING will be said and there will be little in the way of clawbacks.  And in the case of Carrier, they don’t care:

Despite the money, the company announced last week they decided to move 1,400 jobs to Mexico.

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