Posted on 04/18/2012 7:12:44 AM PDT by Responsibility2nd
For those who only hear about these failing companies one by one, the following is a list of all the clean energy companies supported by President Obama’s stimulus that are now failing or have filed for bankruptcy. The liberal media hopes you’ve forgotten about all of them except Solyndra, but we haven’t.
That’s 17 (that we know of so far). We also know that loans went to foreign clean energy companies (Fisker sent money to their overseas plant to develop an electric car), and that 80% of these loans went to President Obama’s campaign donors.
The President is trying to claim in his first official campaign ad that he’s created 2.7 million clean energy jobs. When you look at all the companies going bankrupt, some of those jobs might have been paid for by the stimulus, but they are gone now. You can’t claim we’re up 2.7 million jobs if so many of those jobs have been subsequently lost.
Keep this list in mind the next time the media pretends that Solyndra was the only failure.
(Excerpt) Read more at heritageaction.com ...
Just amazing.
UPDATE 4-10-12: The Willard & Kelsey Solar Group claimed they only received money from Ohio taxpayers. The Ohio-based solar company has gone bankrupt, and according to Recovery.gov (the website set up so that taxpayers could track the money they spent in the “stimulus”) they actually received $6 million from U.S. taxpayers thanks to President Obama’s “green” energy loan program. The company received this money, despite recording just over $500,000 in revenue in 2009 (which was a grant from the state) and a loss of $4.2 million. Money well spent!
UPDATE 4-5-12: A123 Systems, an electric vehicle battery manufacturer which shipped faulty batteries to Fisker Automotive, has seen it’s stock fall to less than $1 and is filing for bankruptcy. It is now fighting a class action lawsuit because of the faulty batteries, charged with deceiving the public, artificially inflating its market price and causing investors to purchase stock at the artificially inflated price. A123 received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees.
UPDATE 4-5-12: Solar Trust for America declared bankruptcy on Monday after receiving a conditional commitment of $2.1 billion in loan guarantees from the Department of Energy. President Obama’s Energy Secretary Steven Chu hailed it as “the largest amount ever offered to a solar project.” Solar Trust was supposed to use the money (we don’t know how much was actually received or spent at this time) to build a massive solar panel project in California.
NOTE: Solar Trust never got the money, as their plan to use cheaper but older technology was not good enough for the DOE and the company would not change to more expensive technology just to get a government handout (get that? The DOE’s loans are not about saving people money, just being politically correct). While this shows yet another failed green energy company that our government considered giving money to, at least taxpayers didn’t actually lose the money.
UPDATE 3-2-12: GM has announced that it will lay off 1,300 Chevy Volt workers while it halts production for five weeks. GM spokesman Chris Lee described the layoffs:
““Even with sales up in February over January, we are still seeking to align our production with demand.”
The Chevy Volt is not selling, plain and simple. The cars are just sitting on dealer lots even with a $7,500 taxpayer subsidy for buying one. Production was far exceeding demand. The fact that they have to halt production for 5 weeks to align production with demand shows just what a failure this vehicle was.
UPDATE 2-29-12: The Obama Administration made it a whole 22 days without another embarrassing “green” energy failure! Abound Solar, which received $400 million as part of the Department of Energy’s loan program, announced today that it will lay off 280 workers (a 70% workforce reduction) and put off building a new factory.
UPDATE 2-7-12: Fisker Automotive is laying off staff in order to – get this – qualify for more government loans from the Department of Energy. President Obama’s “green” energy stimulus was supposed to create jobs, now its destroying jobs so that companies can get more stimulus? Outrageous.
Seriously, can he point to ONE clean energy success? On January 27, 2012, we learned that Ener1, a lithium-ion battery maker filed for bankruptcy. Ener1 owns EnerDel, which received $118.5 million dollars from President Obama’s “green” energy stimulus plan. Also, Amonix, a solar plant touted by President Obama in 2010, has laid off 200 of its 300 employees.
here’s one: There is less gas consumption by millions of fewer Americans are now driving to work every day.
I am sure that is what he plans on doing with the money from his tax the rich scam, is give more of it to green energy companies that will ultimately fail. All of that money lost we will never see it again.
Gotta give Bammie credit where credit is due. He is reducing gasoline consumption by the millions of jobs his economy has LOST, and now people don’t have to burn gas to go to work.
Can’t Evergreen be blamed on Romney ? It’s a Mass. company, or was!
Ping to handy list
He can name a thousand, because his stenographers in state-controlled media will merely transcribe what he says without commenting on its veracity.
I can name one green success: Hess gas and oil. Their logo “Hess” is the color green.
What do you mean by “failure”?
Every one of these initiatives funneled taxpayer money to his cronies and back into ‘rat campaign funds.
They were ALL successful.
Time for us to stop giving the left the benefit of the doubt. Their goals are NOT our goals and they are NOT what they state they are.
Actually, that’s 18 on the list. And what about the Tesla car? Or is that the same as Fisker?
BP’s corporate logo is green in color.
Only know of one green success...Kermit the Frog!.
Brightsource just cancelled their long-anticipated IPO. That is often a harbinger of doom for green energy companies as it shows that savvy investors have no appetite for companies that don’t have revenues, have high costs, and don’t have a business model to get them to profitability. Expect Brightsource to be on this list soon.
We’re not supposed to talk about failures of Obama’s policies or failures of green energy projects.
Since Obama is a good liberal, and liberals worship anything green, and the MSM is liberal, Obama will never be held to account for any of this.
Besides, Obama’s heart is in the right place per the enviro-radicals. He wants to stop the rising of the oceans, and allow the planet to heal. He can blame Republicans for the failure to pass cap and trade in Congress, so whatever happens, it can never be Obama’s fault.
They are all successes.
All of them laundered government money and donated back to the democrat party and it’s candidates which was its intent.
Thank you for posting this!
0bama’s only success since becoming President is that he may have lowered his golf score by a stroke or two. Could that be considered a green success?
The problem with Obama is that he’ll never admit that he made a mistake.
He’ll bankrupt the entire country in the pursuit of his green fantasies and those around him will encourage him every step of the way.
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