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Solyndra Was Not The Only Failure
The American Thinker ^ | April 30, 2012 | Warren Beatty

Posted on 04/30/2012 2:30:35 AM PDT by Cincinatus' Wife

....Obama was emphatic about how recovery money was to be spent......Eighty percent of the Department of Energy's (DOE) green loans, loan guarantees, and grants went to Obama backers....

...In March 2011, for example, the GAO examined the first 18 loans that were approved and found that none were properly documented. ... No notes were kept during the review process.....

Schweizer concludes, "DOE Inspector General Gregory Friedman......testified that contracts have been steered to "friends and family."

So with all that in mind, let's turn our attention to what has actually happened since Obama took office.

* SunPower, after receiving $1.5 billion from DOE, is reorganizing, cutting jobs.

* First Solar, after receiving $1.46 billion from DOE, is reorganizing, cutting jobs.

* Solyndra, after receiving $535 million from DOE, filed for bankruptcy protection.

* Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection.

* Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection.

* SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection.

* Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection.

* Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.

* Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.

* Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.

* A123 Systems, after receiving $279 million from DOE, shipped some bad batteries and is barely operating. It cut jobs.

* Solar Trust for America, after receiving $2.1 billion loan guarantee from DOE, filed for bankruptcy protection.

* Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.

And that's a partial list....

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS: cronycapitalism; doe; green; moneylaundering; spreadingthewealth; stimulus
It's quite a read.
1 posted on 04/30/2012 2:30:38 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

It’s nice to see all the spineless hiding behind others when someone mentions criminal prosecution or treasonist acts against the American people. Nice to know we have leaders with convictions and morals. The American citizen is sitting in a run down beatup movie house watching the worst b movie ever made while they lock the doors and someone shouts fire.


2 posted on 04/30/2012 3:30:02 AM PDT by ronnie raygun (B B)
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To: Cincinatus' Wife

STIMULUS=RE-ELECTION FINANCING


3 posted on 04/30/2012 3:45:34 AM PDT by Flintlock (THE TRUTH: It's the new hate speech..)
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To: Flintlock

Bingo! Reelection funds. Whose following the money?


4 posted on 04/30/2012 4:22:22 AM PDT by rocketmag
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To: rocketmag

Where are the trials? Where are the hearings? Where are the special prosecutors? Where are the arrests? Where is Diogenes? Leavenworth needs expanded.


5 posted on 04/30/2012 4:31:14 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Cincinatus' Wife
A resounding......WTF!!!
6 posted on 04/30/2012 4:42:25 AM PDT by wesagain (The God (Elohim) of Abraham, Isaac and Jacob is the One True GOD.)
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To: wesagain; All

How long will Obama’s pardon list be?


7 posted on 04/30/2012 4:43:48 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

Death should be the rejoinder for such massive heinous crime


8 posted on 04/30/2012 4:45:13 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: bert

His Heinous is so far past that rubric that it barely bears mention. He should be hung by thumbscrews in a public pillory and whipped by any and all so-moved passersby until we get tired of flogging him. Might take a while...


9 posted on 04/30/2012 4:54:30 AM PDT by Gargantua ("All men ARE 'created' equal--but 21 years later... well, 'nuff said...")
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To: Cincinatus' Wife

Not anymore:

Not Found

The requested URL /blog/2012/04/solyndra_was_not_the_only_failure.html was not found on this server.
Apache/2.2.3 (CentOS) Server at www.americanthinker.com Port 80


10 posted on 04/30/2012 5:10:55 AM PDT by carriage_hill (I'd vote for a "orange juice can", before 0bummer&HisRegimeFromHell, gets another 4yrs. Can-> later.)
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To: carriage_hill

Weird. I checked other sites that linked it and they’re “not found” too. A glitch at American Thinker??


11 posted on 04/30/2012 5:15:53 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
Soiledlyndra was NOT a FAILURE.

It laundered stolen taxpayer money almost DIRECTLY into DNC pockets.

12 posted on 04/30/2012 5:32:17 AM PDT by rawcatslyentist ("Behold, I am against you, O arrogant one," Jeremiah 50:31)
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To: Cincinatus' Wife

Their server *burped* the link off into the netherland, I guess. Wonder what happened?


13 posted on 04/30/2012 5:38:35 AM PDT by carriage_hill (I'd vote for a "orange juice can", before 0bummer&HisRegimeFromHell, gets another 4yrs. Can-> later.)
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To: Cincinatus' Wife

Here it is:

http://www.americanthinker.com/2012/04/obamas_epic_green_fail.html

They changed the link’s title, I guess...


14 posted on 04/30/2012 5:40:25 AM PDT by carriage_hill (I'd vote for a "orange juice can", before 0bummer&HisRegimeFromHell, gets another 4yrs. Can-> later.)
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To: Cincinatus' Wife

bookmark


15 posted on 04/30/2012 5:52:14 AM PDT by FrogMom (There is no such thing as an honest democrat!)
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To: carriage_hill

You’re right. They changed the title. Probably since there had been another article with the same name (or close to it).

Now it’s — “Obama’s Epic Green Fail” and they’ve moved it from the blog section to the main articles section.

Thank you for noticing and tracking down the reason.


16 posted on 04/30/2012 6:09:40 AM PDT by Cincinatus' Wife
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