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As many as 50 Obama-backed green energy companies bankrupt or troubled
Daily Caller ^ | 10/30/12 | Michael Bastasch

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 DOE’s 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 ...


TOPICS: Government; News/Current Events
KEYWORDS: bankrupt; energy; green; greenfraud; greenlaundering; greenscam; greenscandal
Friends of Obamatron
1 posted on 10/30/2012 7:19:40 PM PDT by Nachum
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To: Nachum

Hurricane Sandy causes an estimated 40 billion in damages.

One year of Obama’s green scam disaster businesses cost taxpayers 90 billion.

!


2 posted on 10/30/2012 7:28:10 PM PDT by TigerClaws
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


3 posted on 10/30/2012 7:28:23 PM PDT by Nachum (The List was hacked- www.nachumlist.com)
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To: Nachum

Just 50?

(California has probably not reported in yet)

TT


4 posted on 10/30/2012 7:46:10 PM PDT by TexasTransplant (Radical islam is islam. Moderate islam is the Trojan Horse.)
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To: Nachum

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.


5 posted on 10/30/2012 7:49:29 PM PDT by MadMax, the Grinning Reaper
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To: Nachum

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.


6 posted on 10/30/2012 7:52:45 PM PDT by GeronL (http://asspos.blogspot.com)
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To: Nachum; everyone

OUST THE MARXIST S.O.B.

Losing will shred his ginormous ego.

He'll NEVER recover!

7 posted on 10/30/2012 8:01:33 PM PDT by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: GeronL
The question I always ask is why WOULD anyone think that "green energy" would work?

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.

8 posted on 10/30/2012 8:04:16 PM PDT by boop ("I can't trust anybody! What are you trying to do to me? Everybody is trying to cut me down, destroy)
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To: Nachum

They are money laundering operations.


9 posted on 10/30/2012 8:34:28 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Nachum; Jet Jaguar; Lady Jag; Slings and Arrows; null and void; maggief; Dog; BP2; Candor7; ...

Gingrich on Greta just said that a huge story connecting billions lost DIRECTLY to the White House should be breaking Thursday or Friday....


10 posted on 10/30/2012 8:41:38 PM PDT by bitt (The buck rolls downhill.)
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To: freekitty

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...


11 posted on 10/30/2012 8:43:31 PM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: bitt

GO NEWT!

BTTT


12 posted on 10/30/2012 8:47:31 PM PDT by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: bitt

BTTT


13 posted on 10/30/2012 8:49:23 PM PDT by Jet Jaguar (The pundits have forgotten the 2010 elections.)
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To: bitt; blam; Oldeconomybuyer; Ernest_at_the_Beach; moneyrunner; All

” - - - 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?


14 posted on 10/30/2012 9:12:59 PM PDT by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
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To: boop

bump!


15 posted on 10/30/2012 9:29:12 PM PDT by GeronL (http://asspos.blogspot.com)
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To: bitt

IMO, couldn’t happen to a more deserving group of enemies within.


16 posted on 10/30/2012 9:35:11 PM PDT by ExTexasRedhead
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To: Graewoulf

Either of his fathers would be so proud.

17 posted on 10/30/2012 9:43:42 PM PDT by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: Hotlanta Mike

I hope so. Believe me. they are money laundering operations.


18 posted on 10/30/2012 9:48:51 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: onyx

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.


19 posted on 10/30/2012 9:54:35 PM PDT by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
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To: Graewoulf

ACK. They’re both Communists, so what the hay? His Mama rolled in it with both losers.


20 posted on 10/30/2012 10:03:41 PM PDT by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: bitt
Of course we already know at this site and like minded ones that billions total of tax payer's money where pissed away on these start ups.
Hopefully it will get a lot of traction (not by the Pravda News Service of course) in the days before the election. Of course the millions of idiots for the most part, and I number a few in my own family, and those on the public dole don't give a shit. They will along with all the stupid young morons supposedly eligible to vote, cast their vote for the Communist Muslim.
As some have noted. Quite a clever money laundering scheme. With pay back to the Kenyan in one form or another.
Sickening at best. Criminal for sure.
21 posted on 10/30/2012 10:25:00 PM PDT by Marine_Uncle (Honor must be earned.)
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To: Nachum
Failure, the mark of zer0.


22 posted on 10/31/2012 12:47:04 AM PDT by clearcarbon
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To: bitt

The Shi’ite will hit the fan!


23 posted on 10/31/2012 1:02:13 AM PDT by sheik yerbouty ( Make America and the world a jihad free zone!)
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To: bitt; onyx; maggief; thouworm

First thing that came to mind was “bankstrs”


24 posted on 10/31/2012 3:50:03 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then.)
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To: bitt; Ernest_at_the_Beach; onyx; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ..

Thanks bitt.


25 posted on 10/31/2012 3:54:42 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Nachum

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.


26 posted on 10/31/2012 4:01:19 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then.)
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To: freekitty

‘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 that’s going to break Wednesday and Thursday of this week,” Gingrich added.

Read more: http://dailycaller.com/2012/10/31/gingrich-rumor-says-networks-have-white-house-emails-telling-counterterrorism-group-to-stand-down-on-benghazi-rescue/#ixzz2Asn13PfE


27 posted on 10/31/2012 6:27:48 AM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: Nachum

bttt


28 posted on 10/31/2012 8:05:11 AM PDT by Luigi Vasellini (End the political class.......TERM LIMITS NOW!!!!!!!!!!)
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To: bitt

Great. Thanks for the ping!


29 posted on 10/31/2012 8:42:43 AM PDT by Alamo-Girl
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To: bitt

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.


30 posted on 10/31/2012 9:54:30 PM PDT by ntnychik
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To: Nachum

GREEN SCAM: 80% Of Green Energy Loans Went To Obama Donors - 19 Companies Went Bust

http://www.freerepublic.com/focus/f-news/2906481/posts

rats luv them some “green” laundered money


31 posted on 11/01/2012 12:03:06 PM PDT by TurboZamboni (Looting the future to bribe the present)
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To: TigerClaws

Now Barack can say, “here I am, rock you like a hurricane”.


32 posted on 11/01/2012 12:15:07 PM PDT by TurboZamboni (Looting the future to bribe the present)
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