Skip to comments.Energy Department loses $42M on loan to van maker
Posted on 09/07/2013 12:57:47 PM PDT by ColdOne
WASHINGTON (AP) -- The Energy Department said Friday it will lose about $42 million on a loan to a now-shuttered Michigan company that made vans for the disabled.
(Excerpt) Read more at hosted.ap.org ...
Boy, I’m glad it wasn’t my money.
How much in campaign contributions did Obama/Dems receive from them?
Probably about $40,000. Pretty good return on investment...
Basically a loan to make wheelchair accessible vans that run on natural gas. Why dd they fail?
The only CNG vehicles I’ve seen in my area are from the local phone or cable company. They must have their own fueling facility at their yard.
” They must have their own fueling facility at their yard.”
That seems to be the case here in the Cleveland area. Not available to the public.
Who knew the Energy Dept had its own money to lose? /s
Yep, and if I was on twitter I’d tell that fool AP so called Reporter the same thing.
$42 Million stolen and no one is jail? Must have been a DIM or LIB or RINO.
BIG GOVERNMENT IS CRONY SOCIALISM
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
DISMANTLE the EPA, DISMANTLE BIG GOVERNMENT
Socialism Is Legal Plunder - The Law Bastiat
That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
live - free - republic
Above all, if you wish to be strong, begin by rooting out every particle of socialism that may have crept into your legislation. This will be no light task. - The Law Bastiat
The usual. Democrats stealing our tax money. FUBO.
Come on people! Obama thought a wind turbine on the hood of a car was a good concept.
Remember keeping your tires inflated?
They must have their own fueling facility at their yard.
Ditto that in Orlando ,, only refueling is at the local taxi company and only for their vehicles ...
The top of my head almost came off. Of all the things we are wasting money on, this 34 million was a drop in the damned bucket!
Now, today, I read this, but this will never see the light of day beyond the scrap of AP it was released on. If that.
I guess if NASA can be used as a Muzzie outreach entity, the Energy Department can be used as a fringe handicapped vans purveyor.