Skip to comments.Second Obama Green Venture in Weeks Folds after Getting Millions
Posted on 05/09/2013 11:06:16 AM PDT by Nachum
Stop the presses! Another one of President Obamas brilliant clean-energy ventures has collapsed after taking tens of millions of dollars from American taxpayers, in this case to develop a special wheelchair-accessible green van.
The news comes just weeks after a separate company that got nearly $200 million from the government to develop hybrid vehicles folded. That fly-by-night company, Fisker Automotive, had been heavily touted by the administration as an innovator that would develop two lines of plug-in hybrid electric vehicles that could run up to 300 miles on a rechargeable Lithium-ion battery. Before doling out the cash, Obamas Energy Secretary assured the cars will save hundreds of millions of gallons of gasoline and offset millions of tons of greenhouse gas emissions by 2016.
Instead the southern California startup manufactured a measly 2,700 vehicles, sold a laughable 2,000 and failed to build one for nearly a year before laying off three quarters of its employees. Thats after getting $192 million from Uncle Sam. Highly unlikely that any of the money will ever be recovered since Fisker is almost certainly headed for bankruptcy. Last year Judicial Watch sued the Obama administration for documents related to the Fisker scandal but there appears to be a cover up of epic proportions. Check out the mostly blacked out document the administration provided as part of the lawsuit.
This weeks green-energy fleecing du jour is like a pathetic sequel to the Fisker scandal, except the hemorrhaging got plugged sooner, after only $50 million. It involves another startup called Vehicle Production Group (VPG) that makes special vans for the disabled that run on compressed natural gas. Heres how the Obama administration justified funding this experiment with public dollars: This project invests in a socially and environmentally responsible product that will create new jobs, promote the use
(Excerpt) Read more at judicialwatch.org ...
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I finally made the connection; it had been in front of me all along. 0bamacare is not intended to address a health care issue, but an environmental issue. He’s even going to give the central health planning agency an eco-friendly name.
When you look at it that way, it all makes sense.
Dang. I didn’t know counter intelligence was branching out to laundromats.
How much of OUR money that Hussein keeps handing out to questionable companies, trickles back to him?
See (my) post #4.
All this is, is a way to launder money back to the DNC.
Why, Oh, WHY can’t the GOP be this brilliant?!?!?
The green ventures are just slush funds, a way to rob the treasury. Many ventures never even had a viable business plan for producing a product.