Skip to comments.As many as 50 Obama-backed green energy companies bankrupt or troubled
Posted on 10/30/2012 7:19:38 PM PDT by Nachum
The October bankruptcy of solar company Satcon Technology Corp. puts the number of bankrupt or troubled green energy companies as high as 50, according to one estimate.
During the first presidential debate, Republican candidate Mitt Romney said the Obama administration had doled out $90 billion to green energy companies, half of which he said had failed, which sparked a media-wide debate over the accuracy of the claim.
The Romney campaign later clarified that he was talking about the DOEs 1705 loan program which doled out $16.1 billion to green energy companies, according to the Washington Post. Of the 33 companies that received 1705 loan guarantees, only three have declared bankruptcy.
(Excerpt) Read more at dailycaller.com ...
Hurricane Sandy causes an estimated 40 billion in damages.
One year of Obama’s green scam disaster businesses cost taxpayers 90 billion.
The list, Ping
Let me know if you would like to be on or off the ping list
(California has probably not reported in yet)
As radio show host Mark Levin has said, “Green is the new Red”. This is a play on the saying “The Green Party is like a watermelon, Green on the outside, Red on the inside”, a very accurate description over time.
However, the term “Friends of Obamatron” is also accurate in that a number of Green businesses are/were owned by big Democrat contributors/bundlers (or bunglers) to Obama and the Democrat Party. Even if they go bankrupt, they have earned big salaries/benefits/perks, their key investors get paid first, and the small investors and employees are like miners, “they get the shaft.”
[Bases on an old football cheer, “Elevator, Elevator, we got the shaft”, regarding a bad ref call].
The bottom line is that the Green industry program of Obama and Chu (Dept. of Energy), has been one big colossal failure, and in some cases, criminal frauds.
Still waiting for DOJ to bring fraud indictments. Waiting, waiting, waiting.
Name one big Obama supporter who has been indicted and/or convicted of economic fraud. Ain’t gonna happen with The God-King Obama and his legal buttboy Holder in office.
Our “Hope and Change” comes next week, when we “HOPE” that the American people wake up to this whole criminal fraud administration and shows them the door out of power and into prison. That is the “CHANGE” we want.
Corporate Welfare for the Rich
The GOP should have come out against all corporate welfare and subsidies this year. That would have flummoxed some of the sheeple.
Hate on fossil fuels all you want, but I've never flown in a wind-powered plane, or turned on my furnace with solar power, or driven a car propelled by algae.
They are money laundering operations.
Gingrich on Greta just said that a huge story connecting billions lost DIRECTLY to the White House should be breaking Thursday or Friday....
They are money laundering operations.
Newt Gingrich was Greta’s show on FNC tonight and he said within the next 2 days there will be damaging reports coming out about the corruption associated with many of the loans to these green energy companies.
Looks like the dam is about to break on Obama...
” - - - a huge story - - - “
Yup. The Freeper Media “Presses” on. (Sorry, couldn’t resist the pun.)
BTW, any Investment Banker FReepers out there with the stats to compare Bain and Obama?
Duh, which one made better 4 year investments?
IMO, couldn’t happen to a more deserving group of enemies within.
I hope so. Believe me. they are money laundering operations.
Hmmmmmmmmmmmm - - - - - ?
Wow! This is tough - - - - - !
Okay! I’ve got it!
His eye-candyness is the colored guy on the left!
Oops! My bad! That word is not on the Official PC Word List anymore.
BTW, the pudding-faced guy in the lower right has the wrong lower dentition to be featured in Obama’s dreams of HIS father, much less a book about him.
ACK. They’re both Communists, so what the hay? His Mama rolled in it with both losers.
The Shi’ite will hit the fan!
First thing that came to mind was “bankstrs”
Remember that a large chunck of Solydra is owned by Kaiser-Frances a Tulsa Obama-backer gas/oil company....and that BO’s greatgrandpa was employed by a Tulsa gas/oil company? How many companies of that type are based in Tulsa? Maybe it’s time for transparency of BO’s financial record.
‘Gingrich: Senator told me networks may have White House emails commanding counterterrorism group to stand down on Benghazi rescue’
The other big story, I think, that is going to break is on corruption and extraordinary waste in the solar power grants and direct involvement by the Obama White House, including the president, in the solar panel grants involving billions of dollars, and I suspect thats going to break Wednesday and Thursday of this week, Gingrich added.
Great. Thanks for the ping!
Thanks for the ping. Wall Street Journal had an article Tues. about how much $$ Algore made on green schemes. I hope this story breaks big on major networks this week, but Sandy coverage can easily block out this story, along with Benghazi.
GREEN SCAM: 80% Of Green Energy Loans Went To Obama Donors - 19 Companies Went Bust
rats luv them some “green” laundered money
Now Barack can say, “here I am, rock you like a hurricane”.