Failed Obama Green Venture Crony Socialism and you PAID for it.
This is an outrage! Good money after bad.
(Video below the fold)
"Every day that you build this expanded facility, as you fill orders for solar panels to ship around the world, you’re demonstrating that the promise of clean energy isn’t just an article of faith -- not anymore." ~ Obama Solyndra Fremont, CA. May 26, 2011
Obama’s energy department didn’t stop with the failed crony company Solyndra. In total; the failing/failed ‘clean energy’ companies were collectively approved for $6.5 BILLION in federal (taxpayer) assistance.
Five have filed for bankruptcy. The junk bond rated Beacon Power, Evergreen Solar, Spectra Watt, AES (a subsidiary of ‘Eastern Energy) and of course Solyndra.
The others are not far behind; Nevada Geo Thermo (NGP) personally endorsed by Harry Reid, the recipient of $98.5 MILLION in loan guarantees, warns of multiple potential defaults, Sun Power received a $1.5 BILLION loan guarantee after a French oil company took it over, now owes more than it is worth, First Solar (the biggest S&P 500 loser in 2011) even though the CEO was forced out, taxpayers were forced to pony up $3 BILLION in loans.
CBS News takes a look at 11 more Solyndras that were part of Obama’s Energy Program (January 13, 2012)
In related news:
Friday night doc dump: WH knew before Solyndra workers flew
(Hot Air) –Two months ago, Congressional investigators discovered that the Department of Energy urged the now-defunct Solyndra in late October 2010 to delay the announcement of hundreds of layoffs to just after the midterm elections. Last night, the Obama administration conducted a Friday-night document dump in a long-awaited response to a demand for documentation on communications related to Solyndra, and it turns out that the White House knew about the layoffs in advance, too:
……
Something smells very badly. It’s clear that the Obama administration at some level used taxpayer funds as leverage to manipulate a private enterprise for purely electoral benefit to the President, and it seems clear that the direction to do this came from the White House.
Salt in the gaping taxpayer wound:
BANKRUPT Solyndra asks judge to pay out $500,000 in bonuses
(San Jose Mecury) –Solyndra, the Fremont solar panel company that laid off more than 1,000 workers upon declaring bankruptcy last summer, has reportedly requested to pay remaining employees up to $500,000 in bonuses.
……
Senior executives at Solyndra collected hefty quarterly bonuses — ranging from $37,000 to $60,000 apiece, with some executives receiving both rounds of bonuses — within six months of the company’s closure last August, when about 1,100 workers were laid off without severance.
X-Posted here.
Douglas V. Gibbs at Political Pistachio links…thanks!
Related posts:
- Union Workers Told to Stay Home Without Pay During Obama Visit
- Obama’s $5 BILLION Tax-Payer Funded Weatherization Program Fraught with Mismanagement, Waste and Fraud
- DOE Gives $4.5 BILLION Taxpayer Backed Loan Guarantee to Solar Manufacturer
- Doc Drop: Damning Report on Obama’s Massive Illegal Propaganda Machine
- Obama’s Newly Launched Ministry of Propaganda Thought Police ‘AttackWatch’ Report Option ‘Forwarded Email’, Must Donate to Report?
here comes the next check from congress?
Want to thank all of you, for your Powerfull stand against Oboma & His Corrupted political partners.
But there is so much more we can do. Being aggressive and focusing on the facts and truth is only the first step.
We musT follow Up with more details standing by our convictions and dont back down.
Oboma has NOT brought CHANGE, In fact ~! ~ THE ONLY real THING needing CHANGE !….Was Barack Hussein Obama II.
HIMSELF
Barack Hussein Obama II ( Who hates American Values ) who is A ” SELF PROCLAIMED Enemy” ~of responsible, Morally Conscious HARD WORKING Americans.
oBOMAS Irresponsible & DRUG MAFIA and reckless supporters KNOW~ that Barack Hussein Obama II,
WILL FORCE YOU to paY THEM, out of your PockeT .{ FOR all of their UNCHECKED Vices and THRILLS/
{ All on YOU |
/ At your COST & Sacrifice
…This UN~CHANGABLE fraud, has done His VERY BEST to Inspire
VIOLENCE.
THESE ARE OBAMAS OWN WORDS.. saying ………To his supporters.
Saying “Get ready for hand-to-hand combat with your Fellow Americansâ€
– Obama has ALSO DECLARED to his Supporters“I want all Americans to get in each others faces!– Obama demands !
“You bring a knife to a fight pal, we’ll bring a gun†–
THESE ARE OBAMAS OWN WORDS.. ANGER VIOLENCE and more
taxes….. THIS IS OBAMAS Change for america
/“Hit Back Twice As Hardâ€. He commands !
*Obama on the private sector: ~~ “We talk to these folks…~ / so I know whose a*$ to KICK.“ OBOMA wants to KICK your a*$ / Shouting THAT Republican victory would mean ~ “hand to hand combatâ€
HE IS EXPECTING people to be on Edge and BORDERLINE killing MODE, VIOLENT / and STAND up for their immoral CAUSES
THIS IS WHAT HE LIVES FOR ./ ./ ./ THESE ARE OBAMAS OWN WORDS.. !
* Obama Tells democrats: “ I’m itching for a fight.†!
….PLEASE…. go to reXes NEW WebsiTe ~ ! Oboma *( Just like Adolf Hitler~~\oBOMA~~~ Demands ! — [ THE FINAL SOLUTION – for Un~Wanted Children
Barak Obama is A MURDERER .~Torturing UNWANTED babys on DEATH ROE
CLICK HERE http://obomlnation.webstarts.com/index.html
OBAMA TAKES a little NEW BORN innocent child. BORN. ALIVE sTabS it iN the head SUCKs ITS BRAINS OUT.
[...] years after Obama loses in 2012 is already spent, folks. How much money did Mitt Romney throw at Solyndra? How much of your money did Mitt Romney throw at Solyndra and all of these other green energy [...]
[...] In the first 2012 campaign ad out of the gate, Obama doubles down on the bankrupt, scandal ridden, taxpayer funded (one half of a billion dollars) crap sandwich Solyndra. [...]
Another Stimulus-Backed Energy Company Files for Bankruptcy
One not listed in my post. My count is six. Of course there may be others I am not aware of…