Green Energy
-
LAWSUIT ALLEGES CRONYISM IN OBAMA ADMINISTRATION “GREEN ENERGY” LOANSFrom Powerline (click on title to read the whole thing):A lawsuit recently filed in the United States Court of Claims may shed further light on the corruption of the Obama administration’s...
- Green Tesla Motors: Another Day, Another Solyndra
Tesla: A really cool-looking scam From PJM: The resignation of Jonathan Silver, the U.S Energy Department’s top loan officer, over the Solyndra scandal may be the tip of the iceberg. He supervised a much larger DOE loan program that suffers from the...
-
US Gov't approves 4 more solar energy loan guarantees worth nearly $5B on Friday From Will at The Other News: The U.S. Energy Department approved four more solar energy loan guarantees worth nearly $5 billion on Friday just hours before a controversial...
-
Solyndra Insiders: Once We Got That Fat Loan, We Overspent Like CrazyFrom Ace:Of the myriad problems with socialism, one is this: People take good care of their own money. They earned it, they sweated it. They are reasonably careful about how they dispose...
-
Did Solyndra Actually Get a Second Loan of $469 Million, Bringing the Full Loan Package To Over A Billion?From Ace:This is unclear. The great @williamamos highlighted the fact that Solyndra did indeed apply for a second big loan guarantee, noting this...
Green Energy
Gore-Backed “Green” Car Company Gets $529 Million Taxpayer Loan From Obama Administration
From Will at The Other News:
(WSJ) Washington — A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000. The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster.Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.The awards to Fisker and Tesla have prompted concern from companies that have had their bids for loans rejected, and criticism from groups that question why vehicles aimed at the wealthiest customers are getting loans subsidized by taxpayers.“This is not for average Americans,” said Leslie Paige, a spokeswoman for Citizens Against Government Waste, an anti-tax group in Washington. “This is for people to put something in their driveway that is a conversation piece. It’s status symbol thing.”DOE officials spent months working with Fisker on its application, touring its Irvine, Calif., and Pontiac, Mich., facilities and test-driving prototypes. Matt Rogers, who oversees the department’s loan programs as a senior adviser to Energy Secretary Steven Chu, said Fisker was awarded the loan after a “detailed technical review” that concluded the company could eventually deliver a highly fuel-efficient hybrid car to a mass audience.Fisker said most of its DOE loan will be used to finance U.S. production of a $40,000 family sedan that has yet to be designed.
Thugocracy in it's natural habitat?
Read the full story here.
-
LAWSUIT ALLEGES CRONYISM IN OBAMA ADMINISTRATION “GREEN ENERGY” LOANSFrom Powerline (click on title to read the whole thing):A lawsuit recently filed in the United States Court of Claims may shed further light on the corruption of the Obama administration’s...
- Green Tesla Motors: Another Day, Another Solyndra
Tesla: A really cool-looking scam From PJM: The resignation of Jonathan Silver, the U.S Energy Department’s top loan officer, over the Solyndra scandal may be the tip of the iceberg. He supervised a much larger DOE loan program that suffers from the...
-
US Gov't approves 4 more solar energy loan guarantees worth nearly $5B on Friday From Will at The Other News: The U.S. Energy Department approved four more solar energy loan guarantees worth nearly $5 billion on Friday just hours before a controversial...
-
Solyndra Insiders: Once We Got That Fat Loan, We Overspent Like CrazyFrom Ace:Of the myriad problems with socialism, one is this: People take good care of their own money. They earned it, they sweated it. They are reasonably careful about how they dispose...
-
Did Solyndra Actually Get a Second Loan of $469 Million, Bringing the Full Loan Package To Over A Billion?From Ace:This is unclear. The great @williamamos highlighted the fact that Solyndra did indeed apply for a second big loan guarantee, noting this...