Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $42,557
48%  
Woo hoo!! And we're now over 48%!! Thank you all very much!! God bless.

Keyword: doe

Brevity: Headers | « Text »
  • GM-Funded EV Company Gives Up on DOE Loan, Ends Operations

    03/05/2012 4:45:16 PM PST · by jazusamo · 3 replies
    National Legal & Policy Center ^ | March 5, 2012 | Paul Chesser
    In administrating its stimulus-fed loan and grants programs, the Department of Energy has been accused of incompetence, carelessness, recklessness, and cronyism. Now it can add inconsistency to those distinguishing characteristics. Last week Bright Automotive, an electric vehicle start-up company thatGeneral Motors helped two years ago with an investment of at least $5 million from its venture capital arm, gave up hope on winning a $450 million loan from DOE’s Advanced Technology Vehicle Manufacturing program. As the company announced the withdrawal of its loan application and that it would end operations, CEO Reuben Munger and COO Mike Donoughe sent (and...
  • DOJ not only cabinet department deflecting Issa inquiry(gunwalker)

    03/05/2012 3:36:04 AM PST · by marktwain · 7 replies
    Gun Rights Examiner ^ | 4 March, 2012 | David Codrea
    Add the Department of Energy to the list of Obama administration offices publicly bemoaning compliance requirements arising from House Committee on Oversight and Government Reform investigation requests. In response to a criticism by Chairman Darrell Issa that providing paper copies instead of electronic documents wastes taxpayer money, an administration source dismissed his concerns. “In reality, the VAST majority of the cost of complying isn't the printing, but rather the enormous amount of attorney time that it takes to collect, review and prepare the responses,” a Friday report in The Hill quotes an administration source replying. “The Department’s response has required...
  • Schools rip DOE’s military disservice.

    03/04/2012 12:17:40 PM PST · by carriage_hill · 4 replies
    New York Post ^ | March 04, 2012 | SUSAN EDELMAN
    City principals are up in arms over a new plan that gives bonus points this year to high schools based on graduates going to college — but doesn’t count those who join the military. Department of Education officials met with a group of principals last week to explain changes in Progress Reports coming out this fall. Schools that send more kids to community or baccalaureate colleges within six to 18 months will get extra credit. When a principal asked about points for grads who choose to enlist in the armed forces, he was shot down.
  • Surprise! Another DOE Solar 'Bet' Produces Green Job Losses

    03/01/2012 10:47:35 AM PST · by jazusamo · 6 replies · 1+ views
    National Legal & Policy Center ^ | March 1, 2012 | Paul Chesser
    Yet another solar company that received loan guarantees from the Department of Energy has dismissed factory workers, lopping off 70 percent of its U.S. employees. Loveland, Colo.-based Abound Solar announced Tuesday it would lay off 280 workers at its production plant near Longmont, leaving 120 still employed. The start-up (2009) company attributed the cutbacks to the need for upgrades at the plant to manufacture more efficient solar panels, with plans to restore production levels and rehire most employees within six to nine months. “Hopefully at the end of that time period we will bring people back,” said Steve Abely,...
  • Hybrid maker Bright Automotive goes bust

    02/29/2012 3:27:33 PM PST · by mdittmar · 20 replies · 2+ views
    CNNMoney ^ | February 29, 2012 | James O'Toole
    NEW YORK (CNNMoney) -- Hybrid vehicle maker Bright Automotive has announced plans to close, blasting the Department of Energy for failing to finalize a loan that the firm says would have kept it afloat. In a letter dated Tuesday to Energy Secretary Steven Chu, Bright CEO Reuben Munger and COO Mike Donoughe said they were withdrawing their application for a $314 million loan and winding down their operations. The executives claimed they had been strung along for the past few years as the government insisted on increasingly stringent loan requirements. "The actions -- or better said 'lack of action' --...
  • Bright the latest Indiana electric vehicle startup to call it quits

    02/29/2012 9:37:15 AM PST · by Oldeconomybuyer · 14 replies · 1+ views
    Chicago Tribune ^ | February 29, 2012 | By Julie Wernau
    Just when it seemed like things couldn't get worse, Indiana received more bad news on the electric vehicle front Wednesday as another promising hopeful announced it would call it quits. Bright Automotive, which had plans to deliver 300 manufacturing jobs to Indiana by 2012 pending the outcome of a loan from the Department of Energy's Advanced Technology Vehicle Manufacturing Program, announced Wednesday it has withdrawn its DOE application and will wind down operations in Indiana. In a scathing letter to Energy Secretary Steven Chu, Bright Automotive Chief Executive Reuben Munger and Chief Operating Officer Mike Donoughe described an overly bureaucratic...
  • Chu: DOE working to wean U.S. off oil, not lower prices

    02/29/2012 4:30:37 AM PST · by tobyhill · 76 replies · 2+ views
    Politico ^ | 2/28/2012 | By ALEX GUILLEN
    The Energy Department isn’t working to lower gasoline prices directly, Secretary Steven Chu said Tuesday after a Republican lawmaker scolded him for his now-infamous 2008 comment that gas prices in the U.S. should be as high as in Europe. Instead, DOE is working to promote alternatives such as biofuels and electric vehicles, Chu told House appropriators during a hearing on DOE’s budget. But Americans need relief now, Rep. Alan Nunnelee (R-Miss.) said — not high gasoline prices that could eventually push them to alternatives. “I can’t look at motivations. I have to look at results. And under this administration the...
  • Green – the Color of Rotten Corruption

    02/27/2012 5:37:40 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | February 27, 2012 | Bob Beauprez
    As if it were his private stash of fun-money, Barack Obama set aside $80 billion of the Stimulus boondoggle to artificially pump up the green-energy industry through a DOE administered program of grants and loans.  When three of the companies that received funding, Solyndra, Beacon Power, and Ener1, each declared bankruptcy in rapid succession, a rotten stench started to waft from the DOE and the White House. It quickly became apparent that there were numerous close connections between many of these heavily government funded businesses and Obama campaign supporters and operatives.    While the cronyism and corruption appeared extensive, until recently...
  • After Layoffs, Execs Get Big Raises at Taxpayer-Funded A123 (Makes batteries for Fisker)

    02/16/2012 12:17:52 PM PST · by jazusamo · 14 replies · 1+ views
    National Legal & Policy Center ^ | February 16, 2012 | Paul Chesser
    A taxpayer-funded electric vehicle battery company, that is considered in great danger due to its dependency on troubled EV company Fisker Automotive, has awarded its top executives big salary increases despite a steep downward trajectory in its stock price. Massachusetts-based A123 Systems -- whichreceived $279.1 million instimulus money from the Department of Energy, and up to $135 million in incentives from the State of Michigan -- boosted the base salaries of two vice presidents and its chief financial officer on February 8. Chief Financial Officer David Prystash was bumped 27 percent to $380,000; VP of Energy Solutions Robert Johnson’s...
  • Many Unanswered Questions Surround Fisker Layoffs

    02/09/2012 4:06:34 PM PST · by jazusamo · 4 replies
    National Legal & Policy Center ^ | February 8, 2012 | Paul Chesser
    This post has been updated below. Among the objections about taxpayer subsidies for the high-profileChevy Volt, manufactured by Government Motors, is that the many grants, loans and tax breaks that lowered the sticker price on the electric hybrid car facilitated its (paltry) sales for the benefit of wealthier individuals who were purchasing it – those with average annual salaries of $170,000 . So can you imagine how happy the affluent customers (like Leonardo DiCaprio) of the heavily subsidized, $102,000 electric Fisker Karma are, to be able to purchase their gimmicky sports sedan at a discount, with a $7,500 tax...
  • What’s Behind Eastwood’s Super Bowl Ad?

    02/07/2012 9:57:32 AM PST · by jazusamo · 42 replies
    National Legal & Policy Center ^ | February 6, 2012 | Mark Modica
    It is mostly unanimous that Clint Eastwood's Super Bowl ad appearance was a stirring and emotional tribute to America and Detroit. The ad was heartfelt, despite the fact that bailed out Italian-owned auto company, Chrysler, paid for it. Unless NBC offered some significant discounts to their ad rates, the ad cost Chrysler about $14 million. Considering the political nature of the ad and the fact that Chrysler vehicles were not touted in the ad, I must ask the cynical question; what's in it for Italian-owned Chrysler? Chrysler CEO, Sergio Marchionne, is a pretty smart guy. I don't think he...
  • Judicial Watch, Human Events Sue Obama Administration for Records Detailing Bailout Loan...

    02/06/2012 1:53:33 PM PST · by jazusamo · 3 replies
    Judicial Watch ^ | February 6, 2012
    Complete title: Judicial Watch, Human Events Sue Obama Administration for Records Detailing Bailout Loan to California Solar Manufacturer Heavily in Debt$1.2 Billion in Loan Guarantees to SunPower from Department of Energy Followed Successful Lobbying Campaign by Firm Connected to California Congressman’s Son (Washington, DC) – Judicial Watch, the organization that investigates and fights government corruption, announced today that it filed a Freedom of Information Act (FOIA) lawsuit on February 1, 2012, against the U.S. Department of the Interior and the U.S. Department of the Treasury for records regarding a controversial $1.2 billion government loan guarantee from the Obama Department of...
  • Do We Need the Department of Education?

    02/06/2012 7:16:50 AM PST · by IbJensen · 28 replies
    Imprimis ^ | January, 2012 Issue | Charles Murray
    Charles Murray is the W.H. Brady Scholar at the American Enterprise Institute. He received his B.A. in history at Harvard University and his Ph.D. in political science from the Massachusetts Institute of Technology. He has written for numerous newspapers and journals, including the Washington Post, the Wall Street Journal, the New York Times, the Weekly Standard, Commentary, and National Review. His books include Losing Ground: American Social Policy 1950-1980, What It Means to Be a Libertarian, and Real Education: Four Simple Truths for Bringing America’s Schools Back to Reality. His new book, Coming Apart: The State of White America, 1960-2010,...
  • It’s back!plan to kill talk radio. Group advising White House wants to restore controversial policy

    02/02/2012 7:51:58 AM PST · by tutstar · 95 replies · 1+ views
    Klein Online ^ | 2 1 2012 | Aaron Klein
    Actual title is : It’s baaack! The plan to kill talk radio. Group advising White House wants to restore controversial policy An organization that helped to craft President Obama’s environmental policies has recommended the reinstatement of the Fairness Doctrine, purportedly as a method of silencing critics of the theory of global warming. The Presidential Climate Action Project, or PCAP, last year released an extensive list of recommendations for the White House in a 75-page paper entitled, “Building the Obama Administration’s Climate Legacy.” Primary among the PCAP’s recommendations is that the Department of Energy should join the U.S. Department of Housing...
  • Why We No Longer Need The Department of Education

    01/28/2012 6:08:27 PM PST · by Starman417 · 25 replies
    Flopping Aces ^ | 01-28-12 | Curt
    Excellent article adapted from a speech given by Charles Murray regarding the need for the Department of Education: THE CASE FOR the Department of Education could rest on one or more of three legs: its constitutional appropriateness, the existence of serious problems in education that could be solved only at the federal level, and/or its track record since it came into being. Let us consider these in order. (1) Is the Department of Education constitutional? At the time the Constitution was written, education was not even considered a function of local government, let alone the federal government. But the shakiness...
  • Taxpayers Take Hit as Layoffs, Bankruptcies Plague Green Firms

    01/27/2012 11:27:57 AM PST · by jazusamo · 8 replies
    National Legal & Policy Center ^ | January 27, 2012 | Paul Chesser
    Federal tax credits, loan and grant programs that expired at the end of last year have plugged the financial flow that made so-called “renewables” and electric vehicles viable, so they are now shedding employees and going bankrupt, illustrating that the “clean” industry owed its existence solely to government. Even with the government money, they are failing. Yesterday Indiana-based Ener1, an energy storage company thatreceived $118.5 million from DOE, filed for Chapter 11 bankruptcy. Despite plans to have 1,400 employees in Indiana by 2015, the company had downsized in the state from 380 to approximately 250 since March. Ener1’s stock...
  • CBS News: Obama's 11 More Solyndras

    01/16/2012 9:47:01 AM PST · by redstateone · 36 replies
    Breitbart News ^ | January 16, 2012 | Wynton Hall
    In the wake of Peter Schweizer’s explosive revelation that 80 percent of the Department of Energy’s $20.5 billion in green energy loans went to President Barack Obama’s fundraisers and donors, CBS News is now reporting that the Obama Administration spent billions of taxpayer dollars on 11 more Solyndra-style loans to so-called green energy companies that have since gone bankrupt or are facing serious financial difficulty.
  • Energy Dept. Makes More Bad Bets with Taxpayer Money

    01/13/2012 12:54:07 PM PST · by jazusamo · 5 replies
    National Legal & Policy Center ^ | January 13, 2012 | Paul Chesser
    As the U.S. government Venture Capitalist-in-Chief (and President) Barack Obama and his Department of Energy investment guru (and Energy Secretary) Steven Chu pour other peoples’ money into their favorite “clean” technology schemes, private backers appear to be following them off the cliff, “as publicly traded battery makers watched their stocks tank and their businesses stumble,” according to a Dow Jones report late last month. According to a Dow Jones-owned industry tracker called VentureSource, private investors put $372.7 million into 14 battery deals over the first three quarters of 2011. Whether they would have transferred so much cash into the...
  • Russian Oligarch Tries to Cash In on Obama's Crony Capitalism

    01/10/2012 12:58:03 PM PST · by jazusamo · 8 replies
    National Legal & Policy Center ^ | January 10, 2012 | Paul Chesser
    The Department of Energy announced on Friday it would not complete a low-interest, $730 million loan toSeverstal North America, after it had given the company a conditional commitment in July under its Advanced Technology Vehicles Manufacturing program. DOE gave no reason for its disapproval of the loan, but it had come under scrutiny about its judgment after the collapse of solar company Solyndra, which was lent $535 million in taxpayer dollars. House Oversight and Government Reform Committee Chairman Darrell Issa called upon Energy Secretary Stephen Chu to revisit the Severstal project – which would modernize its facility in Dearborn,...
  • Chairman Issa Responds to DOE Announcement that Severstal’s Loan will not be Funded

    01/07/2012 9:15:38 PM PST · by Rabin · 3 replies · 1+ views
    oversight.house ^ | Friday, 6 January 2012 | staff
    WASHINGTON, D.C. – House Oversight and Government Reform Committee Chairman Darrell Issa today responded to the Energy Department's announcement that their $730 million loan to Severstal, a Russian steel company, will not be granted... "While I am pleased that the Department of Energy has reconsidered its decision to fund a $730 million loan to Severstal, it's deeply disconcerting to know that this loan would have gone forward had Congress not raised concerns… Following the waste of taxpayer dollars in the collapse of Solyndra, the Department of Energy needs....