When are we as a whole finally going to get fed up with laboring for these shysters in Washington who know nothing but pi$$ing it all away?
Posted on 07/05/2012 1:57:10 PM PDT by Perdogg
The Department of Energy recently awarded $25 million to a French company that posted net losses of about $70 million last year, and whose solar division is particularly troubled financially.
As part of its Scaling Up Nascent PV At Home (SUNPATH) project, DOE’s Energy Efficiency and Renewable Energy (EERE) division announced three awards in June to promote high-volume solar energy production.
The largest of the three awards, totaling $25 million, went to Soitec Solar, a French company, to build a solar production facility in San Diego, CA. While Soitec is not in dire financial straits like some other DOE-backed companies, it posted hefty losses during its last financial year, which ended March 31. A number of its major financial indicators were worse than the prior financial year.
(Excerpt) Read more at blog.heritage.org ...
Who are the natural individuals that are the officers, directors, managers and principle stockholders of the business? What, if any, is their relationship to the current crooks running our country?
You can bet your Future on the Pelosi’s, Reid’s, and the Obama’s and their Criminals! I’m surprised it’s only $25 million, hardly worth them signing a check for so putrid an amount!
When are we as a whole finally going to get fed up with laboring for these shysters in Washington who know nothing but pi$$ing it all away?
Yeah, the dim's and dimwit followers are good at giving everyone that impression.
So jobs are scarce here, and we’re giving 25 mil to the Frogs?
Great thinking Idiobama!
The DOE is truly part of a Zombie Attack.
Dear DOE... may I please have my taxes back -- so I can WASTE it better.
And the monumental tax increases at year-end is going to permit them to throw even more of OUR hard-earned taxpayer dollars up a wild hog’s a$$.
Vote first, but if a house cleaning does not result, time for torches, pitchforks and other useful weapons. I cannot fathom how these people sleep at night. Words cannot express my anger!!!
ya..23 of the 25 goes into the ‘Bammy re-election fund?
If the made a profit they would be evil capitalists.
The Obama administration only supports those that disavow capitalism.
So jobs are scarce here, and we’re giving 25 mil to the Frogs?
Great thinking Idiobama!
Losing money American companies won’t lose...
Mark
” The report predicts that solar sales will increase in the second half of Soitec’s 2012-2013 financial year”
And pigs will fly.
Yes. It's outsourcing American tax dollars (for another green company that will go bankrupt - just like all the others. It's a money laundering scheme, not a business venture).
That's why the U.S. taxpayers are stuck paying the bill....... every time. The loaned tax money "conveniently" disappears, and the buildings are left empty. Does anyone believe these businesses were suppose to work? I don't.
Their is a repeating theme happening. Failed companies, especially Solar Companies, and lots O’ cash.
Probably just a coincidence.
There is a repeating theme happening. Failed companies, especially Solar Companies, and lots O’ cash.
Probably just a coincidence.
Wait just a minute. We, the US taxpayers, gave $25 million to a French solar company that’s on the fast track to bankruptcy? In what universe does that make any sense.
The largest of the three awards, totaling $25 million, went to Soitec Solar, a French company, TO BUILD A SOLAR PRODUCTION FACILITY IN SAN DIEGO, CA.
I highly doubt France would send people over here to work in the plant.
Engineering costs, management, and profits, all French.... at our expense!
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