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'Green' Company Awarded Up to $120 Million Promised 70 Jobs Creates Just Three Jobs in Three Years
Capitol Confidential ^ | 6/25/2012 | Jarrett Skorup and Matt Needham

Posted on 06/25/2012 5:31:16 AM PDT by MichCapCon

A "green" energy company that received tens of millions of dollars from taxpayers while promising 70 jobs by the end of this year has created only three and received strong criticism from environmental and fiscal groups across the political spectrum.

In the company's filing with the SEC, Mascoma lists as a risk factor that it has "no experience in the markets in which we intend to operate."

Sound like a good investment? Your state and federal government thought so.

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


TOPICS: Business/Economy; Government
KEYWORDS: environment; green

1 posted on 06/25/2012 5:31:25 AM PDT by MichCapCon
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To: MichCapCon

How much did they donate to the Obama Campaign?


2 posted on 06/25/2012 5:35:35 AM PDT by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: Springman; Sioux-san; 70th Division; JPG; PGalt; DuncanWaring
And the beat goes on...

If anyone wants to be added to the Michigan Cap Con ping list, let me know.
3 posted on 06/25/2012 5:39:02 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: Redleg Duke
"no experience in the markets in which we intend to operate."

Hell, I wanna be a brain surgeon. I have a drill and a saw, how hard can it be?
4 posted on 06/25/2012 5:41:01 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: MichCapCon

Money laundering.


5 posted on 06/25/2012 5:43:50 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: MichCapCon

$120 million. That’s a lot of money. But since this is a GREEN company I assume that they happily RECYCLED some of that loot to the Obama Campaign. That would only be fair and, after all, it’s for the good of the earth and it’s people.


6 posted on 06/25/2012 5:47:48 AM PDT by InterceptPoint (TIN)
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To: MichCapCon

these kinds of stories just mean that Congress has too few members to provide the oversight We the People expect from them.

Why have a Congress if it can’t do its job...


7 posted on 06/25/2012 5:49:47 AM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: MichCapCon; All
..just another fine example, of pResident O'Bozo/ol' O'Biden/"tax-cheat" Gieter's
financial stewardship / wizardry; do the math.
$US120,000,000 / 3 = $US40,000,000
(someone won the powerball)

8 posted on 06/25/2012 5:53:20 AM PDT by skinkinthegrass (WA DC E$tabli$hment; DNC/RNC/Unionists...Brazilian saying: "$@me Old $hit; different flie$". :^)
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To: MichCapCon

The Chicago mob, cheered on or ignored by the MSM depending on the circumstance, really knows how to operate.

There is a bit of humor in this story though, like the Calif high speed rail, Mascoma is being attacked by envirowhackos.


9 posted on 06/25/2012 5:56:30 AM PDT by nascarnation
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To: MichCapCon

Did I read that correctly...$120 MILLION, 3 jobs? $40 MILLION per job? And no one can figure out why we,the rest of America are so pissed off.


10 posted on 06/25/2012 5:56:56 AM PDT by Axelsrd
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To: cripplecreek

“Hell, I wanna be a brain surgeon. I have a drill and a saw, how hard can it be?”


No problem. Just smooth out the wrinkly bits.


11 posted on 06/25/2012 8:03:39 AM PDT by Peet (Everything has an end -- only the sausage has two.)
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To: MichCapCon

Good ROI.


12 posted on 06/25/2012 8:17:20 AM PDT by EEGator
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