Green Energy
A $787 Billion Stimulus, and we have nothing to show for it.
I expect that more and more stories like this one will be forthcoming in the next year.
This could very well be the kind of story that will sink Obama:
- Solyndra E-mails: Dept. Of Energy Was Poised To Approve ***second*** $469 Million For Solyndra
WaPoThe Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.The Energy Department was actively pushing to...
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Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan From Will at The Other News:It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve....
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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...
- The Bankruptcy Of Obama's "green Economy"
From Will at The Other News: Congressional Investigator: More Solar Bankruptcies to Come.(Heritage).A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee...
- Wow! Obama Is Up Shit Creek
In 2009, Solyndra CEO Said Obama and Steven Chu Were Personally "Instrumental" In Securing Half-Billion In Loans From Solyndra's own website, which I hereby report to AttackWatch for spreading lies. SOLYNDRA OFFERED $535 MILLION LOAN GUARANTEE BY...
Green Energy
Your Stimulus Dollars At Work: $535 Million Given To Solar Power Panel Manufacturer in Fremont, CA - Company Goes Bust
A $787 Billion Stimulus, and we have nothing to show for it.
I expect that more and more stories like this one will be forthcoming in the next year.
This could very well be the kind of story that will sink Obama:
Solyndra, Inc. was supposed to have showcased the effectiveness of the Obama administration’s stimulus and green jobs initiatives, but instead it has become the center of congressional attention for waste, fraud and abuse of such programs.
According to a Feb. 17 letter signed by Energy and Commerce Committee Chairman Fred Upton, Michigan Republican, and Oversight Subcommittee Chairman Cliff Stearns, Florida Republican, to Energy Secretary Steven Chu, the Fremont, Calif.-based solar panel manufacturer should never have received a $535 million loan guarantee from the stimulus.*
...The Energy Department estimated in a March 20, 2009 press release that the loan guarantee would create 3,000 construction jobs and a further 1,000 jobs after the plant opened... And President Barack Obama and Vice President Joseph Biden each personally showcased Solyndra as an example of how stimulus dollars were at work creating jobs, during appearances at the company over the course of the following year......Obama made similar claims in a May 26, 2010 speech at the plant, but the 1,000 jobs he and Biden touted in their respective speeches failed to materialize...
Instead, Solyndra announced on Nov. 3 it planned to postpone expanding the plant, which put the taxpayers on the hook to the tune of $390.5 million taxpayers... It also announced that it no longer planned to hire the 1,000 workers that Obama and Biden had touted in their speeches and that it planned to close one of its older factories and planned to lay-off 135 temporary or contract workers and 40 full-time employees.
A closer look at the company shows it has never turned a profit since it was founded in 2005... And Solyndra’s auditor declared that “the company has suffered recurring losses, negative cash flows since inception and has a net stockholders’ deficit that, among other factors, [that] raise substantial doubt about its ability to continue as a growing concern” in ... March 2010...
A June 2010 Wall Street Journal report indicating that Solyndra’s majority owner, Oklahoma billionaire George Kaiser, was a major fundraiser for the 2008 Obama-Biden campaign...
- Solyndra E-mails: Dept. Of Energy Was Poised To Approve ***second*** $469 Million For Solyndra
WaPoThe Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.The Energy Department was actively pushing to...
-
Crony Socialism: Obama Gives $737 Million to Solar Firm Linked to the Pelosi Clan From Will at The Other News:It’s as if Solyndra never happened. The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve....
-
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...
- The Bankruptcy Of Obama's "green Economy"
From Will at The Other News: Congressional Investigator: More Solar Bankruptcies to Come.(Heritage).A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee...
- Wow! Obama Is Up Shit Creek
In 2009, Solyndra CEO Said Obama and Steven Chu Were Personally "Instrumental" In Securing Half-Billion In Loans From Solyndra's own website, which I hereby report to AttackWatch for spreading lies. SOLYNDRA OFFERED $535 MILLION LOAN GUARANTEE BY...