Honeywell’s CEO says he’s “comfortable” with that. Anything in the name of biomass fuel I suppose.
Yet another example of how Obama’s “stimulus plan” was little more than a massive gift from the taxpayers (suffering through a recession) to the corporate sector.
(From The Examiner)
It’s more than a little disheartening when the chief executive officer of one of America’s most storied Fortune 500 corporations is “comfortable” with the fact that his company created a mere 10 jobs with a $25 million grant under President Obama’s economic stimulus program in 2010. The CEO in question is Honeywell’s David Cote, and the stimulus grant involved came from the Department of Energy to advance Obama’s green energy agenda. The funds were to be used by Honeywell’s UOP subsidiary to build a biofuels technology demonstration plant in Oahu, Hawaii, supposedly creating 85 construction jobs and 40 permanent positions in each succeeding year.