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Keyword: solyndra

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  • When Obama carried out Solyndra con game, he broke the same law that Martha Stewart went to prison

    06/01/2014 8:37:18 AM PDT · by grundle · 10 replies
    wordpress ^ | September 8, 2012 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog When Obama carried out his Solyndra con game, he broke the same law that Martha Stewart went to prison for breaking In 2009 the Obama administration gave $535 million to Solyndra, claiming that it would create 4,000 new jobs. However, instead of creating those 4,000 new jobs, the company went bankrupt. It was later revealed that the company’s shareholders and executives had made substantial donations to Obama’s campaign, that the company had spent a large sum of money on lobbying, and that Solyndra executives had had many meetings with White House officials. It was also revealed...
  • Wayne LaPierre: You Know The National Media Is Lying When They Call Themselves Journalists

    04/25/2014 7:06:02 PM PDT · by Red Steel · 9 replies
    NRO ^ | April 25, 2014 1:27 PM | Geraghty
    National Rifle Association Executive Vice President Wayne LaPierre, now speaking to the NRA Annual Meeting’s Leadership Forum, held at the Lucas Oil Stadium: “One hundred million gun owners will not back down, not now, not ever. Freedom has never needed our defense more than now.” “The core values that we believe in the things we care about most are changing and eroding: our right to speak, our right to gather, our right to work, our right to practice our religion and raise our family and protect them they see fit. Those aren’t old values or new values. They are core...
  • Correcting the Net Metering Record

    04/17/2014 2:18:56 PM PDT · by ThethoughtsofGreg
    American Legislator ^ | 4-17-14 | John Eick
    “There’s nothing so absurd that if you repeat it often enough, people will believe it.” – William James “A lie told enough becomes the truth.” – Vladimir Lenin Perhaps the most frequently used logical fallacy in the world of politics and public policy today is the argument of assertion, or the idea that someone can legitimately argue a point by merely declaring that something is true, regardless of contradiction. Thus far in 2014, the solar lobby and environmental activists have together employed this strategy to attack ALEC as a legislative membership organization and our stance on the issue of net...

    01/29/2014 3:51:47 PM PST · by ConservativeMan55 · 119 replies
    The Blaze ^ | 1/29/14 | Becket Adams
    Just hours after he stormed out of President Obama’s State of the Union address Tuesday, Rep. Steve Stockman (R-Texas) announced he’s considering filing articles of impeachment against the president.
  • On PBS, David Remnick Praises Obama Administration As Scandal-Free, Pro-Science

    01/21/2014 1:51:15 PM PST · by Kaslin · 27 replies ^ | January 21, 2014 | Paul Bremmer
    David Remnick of The New Yorker showed up on PBS’s Charlie Rose Monday night to discuss his long, mostly sympathetic profile of Barack Obama from the January 27 issue of the magazine. Near the end of the interview, Rose focused in on the president’s reported desire to be “big.” The host wondered, “[W]hat's his definition of 'big,' and does he believe in his deep recesses of his own mind that the chance of that has slipped away?” Remnick replied that no, Obama does not think his chance of being “big” has slipped away. The editor then rattled off a laundry...
  • Taxpayers lose $139 million on Fisker Automotive loan

    11/25/2013 7:16:47 PM PST · by DBCJR · 3 replies ^ | 3:59 PM 11/22/2013
    Happy Thanksgiving from the Obama administration. The Energy Department has sold off its $192 million loan guarantee to Fisker Automotive to Chinese billionaire Richard Li for $25 million — the biggest taxpayer loss on a green loan since the failure of Solyndra. The Energy Department will announce the “selling of the promissory note” to Hybrid Tech, which is owned by Chinese billionaire Richard Li, according to sources familiar with the sale. The DOE sold the loan to Li for $25 million after lending the financially troubled green automaker a total of $192 million since 2009. “Once again, American taxpayers are...
  • Solar firm linked to Obama donors could be 'next Solyndra,' top GOP Sen. warns

    11/19/2013 6:01:59 PM PST · by jazusamo · 17 replies
    Fox News ^ | November 19, 2013 | Joseph Weber
    A California-based solar company backed by several Obama supporters has been receiving millions in federal tax credits while losing $322 million since 2008, raising concerns about the company “becoming the next Solyndra.” Among SolarCity Corp.’s biggest investors is Elon Musk -- the high-profile donor and fundraiser who co-founded PayPal and whose companies SpaceX and electric-car company Tesla Motors have received at least $846 million in loans and startup money from the Obama administration. Alabama Sen. Jeff Sessions, the top Republican on the Senate Budget Committee, warned about SolarCity’s financial standing in a letter Monday to the Treasury Department. “There is...
  • How do Bankrupt Solyndra and Bankrupt Obamacare Differ Ideologically?

    10/31/2013 9:33:29 AM PDT · by Graewoulf · 7 replies
    Graewoulf | October 31, 2013 | Graewoulf
    Will those of us who see no difference between the failed Green Energy Socialist ideological experiment of the Solyndra Bankruptcy, and the failed Socialized Medical Insurance Tax Socialist ideological experiment of the Obamacare Bankruptcy vote in large enough numbers in the 2014 National Congressional Election to REPEAL and ABOLISH Obamacare, Boehnercare or another Federal "replacement" to Universal Socialized Medical Insurance?
  • Federal Solar Auction Gets No Bidders;y

    10/27/2013 5:38:09 PM PDT · by Kaslin · 7 replies ^ | October 27, 2013 | Tom Blumer
    Green energy is supposedly the future. Why, solar energy will break out and become a major energy source any year now, or any decade now. Or maybe never. It has been the subject of national attention ever since President Obama made it a cornerstone of his 2008 presidential campaign. Of course, what Obama claims is in energy policy has worked out to be more a of a growth-constraining, government money-wasting endeavor than anything else. The Denver Post carried the original story on Thursday of how the federal government's first attempt at a solar auction went. The headline was accurate: "1st...
  • GOP hopes Obama heath care woes have staying power

    10/26/2013 11:28:17 AM PDT · by Olog-hai · 23 replies
    Associated Press ^ | Oct 26, 2013 12:32 PM EDT | Julie Pace and Nancy Benac
    For nearly five years, Republicans have struggled to make a scandal stick to President Barack Obama’s White House. One by one, the controversies—with shorthand names such as Solyndra, Benghazi, and Fast and Furious—hit a fever pitch, then faded away. But some Republicans see the disastrous rollout of Obama’s health law as a problem with the kind of staying power they have sought. The health care failures are tangible for millions of Americans and can be experienced by anyone with Internet access. The law itself is more closely associated with Obama personally and long has been unpopular with the majority of...
  • No one bids to build solar plants on Colorado public lands

    10/25/2013 1:49:47 AM PDT · by Cincinatus' Wife · 17 replies
    Washington Examiner ^ | October 24, 2013 | ASHE SCHOW |
    Well, this is awkward. An auction in Colorado for the right to build solar energy plants produced no bids, according to the Denver Post. "We are going to have to regroup and figure out what didn't work," Maryanne Kurtinaitis, renewable energy program manager for the federal Bureau of Land Management’s Colorado office told the Post. But Ken Borngrebe, environmental permitting manager for First Solar, said the problem likely had to do with market uncertainties surrounding solar projects. "It may come down to the lack of confidence in the market for solar today," Borngrebe said. The problems for solar energy stem...
  • Obama, the Environmental Charlatan

    10/18/2013 6:52:10 AM PDT · by rktman · 3 replies
    American Thinker ^ | 10/18/2013 | Jeffery Folks
    The president is committed to the idea of anthropogenic global warming. Man-made carbon emissions, he believes (or pretends to believe), cause global temperatures to rise, and this temperature increase is destructive. By reducing man-made carbon emissions, temperatures can be made to fall. Every part of this logic is flawed, if not utterly false. Do carbon emissions cause global warming? The Intergovernmental Panel on Climate Change is largely composed of climate researchers with what would seem a strong vested interest in promoting the global warming agenda. Yet even the IPCC has a 5% doubt that human activities affect the climate.
  • Obamacare website firm's execs had White House access

    10/15/2013 7:20:31 AM PDT · by libstripper · 16 replies
    Washington Examiner ^ | Oct. 15, 2013 | Richard Pollock
    Senior executives from CGI Federal -- the company that won the Obamacare website contract -- enjoyed high-level access to top Obama administration officials, according to White House visitors' logs. CGI Federal is the U.S. subsidiary of CGI Group, the Canadian company based in Montreal that won the $93 million contract from the Department of Health and Human Services in December 2011 to build, the main Obamacare web site. Prior to the official award, senior CGI executives met with top White House officials and attended a number of invitation-only addresses by President Obama.
  • 300 reasons why I’m sooo glad I didn’t vote for Obama

    09/28/2013 4:06:31 AM PDT · by grundle · 32 replies
    wordpress ^ | September 28, 2013 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog 300 reasons why I’m sooo glad I didn’t vote for Obama By Dan from Squirrel HillSeptember 28, 2013As the author of this blog post, I place it into the public domain. Anyone may freely copy it in any part or in its entirely, without asking my permission, and without paying any money. I do ask you please cite a link to ask you to please show this list to as many people as possible – and especially, to please show it to as many Obama supporters as possible. Sunshine really is the best disinfectant. I...
  • More Loan Disasters Like Fisker and Solyndra Could Be On the Way

    09/02/2013 10:21:48 AM PDT · by SeekAndFind · 8 replies
    Pajamas Media ^ | 09/01/2013 | BECKY GRAEBNER
    The word on the street is that the Obama administration is ready to reignite the Department of Energy loan program for alternative vehicles. I think I’ve harped on Fisker Automotive, Vehicle Production Group and the battery-failure twins Solyndra and A123 Systems enough for you all to remember that each one of these flops received large loans from DOE… and failed to pay them back. The controversial loan program was taken offline by then department head Steven Chu two years ago. Well, it’s back. Chu’s successor, Ernest Moniz, is hoping that the department can jump-start the loan program again — and...
  • Oh Mann… this can’t be good. Called a ‘charlatan’ and his gubernatorial pick linked to Solyndra ....

    08/10/2013 10:35:18 AM PDT · by Ernest_at_the_Beach · 15 replies
    Watts Up With That? ^ | August 7, 2013 | Anthony Watts
    Full Title: Oh Mann… this can’t be good. Called a ‘charlatan’ and his gubernatorial pick linked to Solyndra in the same day!…But the situation is more delicate for those who gained their notoriety, made their reputations, and received their government funding on the old “sky is falling” model. For them acknowledging new facts means admitting the major possibility they were wrong. This includes conceding policy prescriptions based on their work may be draconian, counterproductive, and in the end vastly harmful to poorest of the world’s population. The ethanol disaster is but one example of “consensus” science taking food off the...
  • Here are 239 examples of Barack Obama’s lying, lawbreaking, corruption, cronyism, etc.

    08/10/2013 7:16:24 AM PDT · by grundle · 8 replies
    wordpress ^ | August 9, 2013 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog Here are 239 examples of Barack Obama’s lying, lawbreaking, corruption, cronyism, etc. In the 2008 United States election, I wrote in Ron Paul for President. In the 2012 election, I voted for Libertarian Party candidate Gary Johnson. Those who are of a more leftist persuasion than myself might want to consider voting for the Green Party in future elections. Some of the things on this list are major events that should scare the daylights out of any true liberal who cares about civil liberties.Other things on this list are medium things that some Obama supporters may...
  • McAuliffe lobbied Obama aide in charge of Solyndra

    08/07/2013 10:54:36 PM PDT · by Nachum · 13 replies
    Daily Caller ^ | 8/8/13 | Brendan Bordelon
    Terry McAuliffe, the Democratic candidate for governor of Virginia and former owner of an electric car company now under federal investigation, once paid a visit with three other advisers to the same White House “green energy” official who helped secure more than $500 million in guaranteed loans for Solyndra, the now-bankrupt solar panel manufacturer backed by a prominent Barack Obama fundraiser. White House visitor records reviewed by indicate that McAuliffe met with Greg Nelson, the former associate director for energy, environment and technology, at the White House on October 13, 2010. While the substance of the meeting is unknown,...
  • Exclusive: Criminal charges against Solyndra founder are unlikely - sources

    07/11/2013 8:10:08 PM PDT · by Bigtigermike · 5 replies
    Reuters ^ | Thursday June 11, 2013
    SAN FRANCISCO (Reuters) - The founder of bankrupt solar panel maker Solyndra will likely avoid criminal charges even if charges are brought against other former executives of the company, according to several people familiar with the investigation. Christian Gronet founded the company in 2005 and was its chief executive until 2010. Solyndra filed for bankruptcy protection in 2011 after receiving $528 million in federal loans. Its demise triggered a criminal probe into what Solyndra told federal authorities during the loan application process, along with intense criticism from Republican lawmakers who opposed the Obama Administration's efforts to support the green energy...
  • Here are 209 examples of Barack Obama’s lying, lawbreaking, corruption, cronyism, etc.

    07/07/2013 9:05:59 AM PDT · by grundle · 16 replies
    wordpress ^ | July 7, 2013 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog Here are 209 examples of Barack Obama’s lying, lawbreaking, corruption, cronyism, etc. In the 2008 United States election, I wrote in Ron Paul for President. In the 2012 election, I voted for Libertarian Party candidate Gary Johnson. Those who are of a more leftist persuasion than myself might want to consider voting for the Green Party in future elections. Some of the things on this list are major events that should scare the daylights out of any true liberal who cares about civil liberties.Other things on this list are medium things that some Obama supporters may...
  • Here are 200 examples of Barack Obama’s lying, lawbreaking, corruption, cronyism, etc.

    06/20/2013 5:08:07 PM PDT · by grundle · 8 replies
    wordpress ^ | June 20, 2013 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog Here are 200 examples of Barack Obama’s lying, lawbreaking, corruption, cronyism, etc. In the 2008 United States election, I wrote in Ron Paul for President. In the 2012 election, I voted for Libertarian Party candidate Gary Johnson. Those who are of a more leftist persuasion than myself might want to consider voting for the Green Party in future elections. Some of the things on this list are major events that should scare the daylights out of any true liberal who cares about civil liberties.Other things on this list are medium things that some Obama supporters may...
  • Ex-Energy Secretary Praises Solyndra-Style Loans: 'More Successful Than Wall Street'

    06/10/2013 7:58:44 AM PDT · by Nachum · 23 replies
    Weekly Standard ^ | 6/10/13 | DANIEL HALPER
    Ex-energy secretary Steven Chu is still praising Solyndra-style loans. He did it most recently in an interview with San Francisco Chronicle. The paper asks, "When you look back, is there anything you'd do differently about Solyndra?" Chu responds: We were evolving. Solyndra was the first loan, the one where the career people who started with the Bush administration said, "This looks like an exciting technology." The Wall Street Journal said it was one of the top 25 companies to watch. And then prices started to crash. And as we got more sophisticated in the loans, from 2009 to 2010, we...
  • President Obama drowning in corruption scandals

    06/03/2013 1:25:06 AM PDT · by South40 · 32 replies ^ | May 29, 2013 | Eric Golub
    LOS ANGELES, May 29, 2013 —President Obama is drowning in corruption scandals. Whether you believe he is an innocent victim, incompetent bungler or nefarious schemer, one thing is certain. These scandals will not disappear just because he and his supporters want them to. We asked the question in January,is President Obama corrupt? “Solyndra, Benghazi, Fast and Furious, the NLRB suing Boeing, and Lisa Jackson’s EPA emails are all serious scandals involving government corruption at the highest levels. At the minimum they show Obama to be ignorant or indifferent to what’s going on in his own administration.” Those words appeared here...
  • How to Handle a Scandalanche®? Hint: You’ll Need a Few Rounds.

    05/28/2013 7:38:33 AM PDT · by NOBO2012 · 4 replies
    Michelle Obama's Mirror ^ | 5-28-2013 | MOTUS
    We’re hoping everyone has forgotten about this so-called Scandalanche® (like an Instalanche, only smellier) over the long weekend holiday. Things have gotten so out of control that we had to cancel our usual plans to visit friends in Chicago in order to attend the ceremony at the Tomb of the Unknown Soldier ourselves this year.  Lady M gets a rose, Big Guy gets a boutonniere sized to match his ego: For me? You really shouldn’t have. While people across America spent the long weekend remembering our fallen heroes, disconnected from their personal electronic devices, resting up and roasting wieners, Big...
  • 5 scandals that could undo Obama's re-election bid (Flashback April 19, 2012)

    05/22/2013 7:41:11 AM PDT · by haffast · 2 replies
    This Week ^ | April 19, 2012 | The Week Staff
    "For the most part, the Obama administration has successfully avoided bad publicity, but it's now being faced with a string of scandals at the worst possible time" The Obama administration has largely been heralded as the most scandal-free in modern history. But now, right in the middle of an election year, President Obama is being saddled with a string of embarrassing — and potentially damaging — incidents. Most recently, The Los Angeles Times released photos of U.S. soldiers posing with the corpses of Afghan insurgents. While the revelation was deeply troubling, that scandal has mostly reflected poorly on the military....
  • Kyocera Solar to cut San Diego workers (another Solyndra?)

    04/25/2013 5:58:19 AM PDT · by FreeAtlanta · 6 replies
    UT San Diego ^ | APRIL 24, 2013 | Morgan Lee
    The total San Diego County workforce for various Kyocera subsidiaries after the cuts will be 625... ...One reason cited for the downturn in orders for U.S.-made panels is the conclusion of stimulus funding through the American Recovery and Reinvestment Act...
  • The greens are blue: Earth Day guilt trip just not getting traction

    04/22/2013 9:34:01 AM PDT · by Abakumov · 25 replies
    Rare.US ^ | April 22, 2013 | James S. Robbins
    It’s Earth Day! The annual global observance when billions of people take time from their busy days to nurture, pamper, and otherwise kiss up to the universally revered world-deity Gaia. Well, not really, but it is a day when preachy environmentalists attempt to guilt-trip people for squatting on the planet they are forced to live on. More than usual that is.
  • Flabeg, solar energy company in Findlay, going bust ( Pittsburgh's Solyndra )

    04/10/2013 12:26:03 AM PDT · by george76 · 11 replies
    Pittsburgh Post-Gazette ^ | April 4, 2013 | Erich Schwartzel
    A Findlay-based solar power firm that was awarded nearly $20 million in state and federal tax breaks and grants ceased production last week and cannot afford to pay $197,000 that terminated employees say is owed in severance packages. Flabeg Solar U.S. Corp. will "most probably" file for Chapter 11 bankruptcy but is open to takeover offers, said its Pittsburgh attorney, Robert Lampl. Flabeg's parent company in Germany has cut off funding for the subsidiary, which operated in a 4-year-old, 228,000-square-foot facility covering more than three acres near the Pittsburgh International Airport. ... Over the past several years, the solar industry...
  • Signs of Solyndra? Fisker Lays Off 75 Percent of Employees

    04/05/2013 3:12:20 PM PDT · by NormsRevenge · 22 replies
    Yahoo! News ^ | 4/5/13 | Matthew Mosk - abc news
    The government-backed electric car company Fisker Automotive laid off about 160 workers Friday, or roughly 75 percent of the automaker's staff, as it has struggled to find financial backing that would allow it to continue building its high concept clean cars. The layoff announcement came as the innovative start up faces a looming repayment on a loan from the U.S. Department of Energy, and as reports have swirled that it could be preparing to file for bankruptcy. As with the failed solar firm Solyndra, the green car company was once an early pick by the Obama Administration to be part...
  • We are living in Obama’s Solyndra economy – cronyism at its worst

    03/21/2013 6:23:27 PM PDT · by grundle · 2 replies
    wordpress ^ | March 21, 2013 | Dan from Squirrel Hill
    Dan from Squirrel Hill's Blog We are living in Obama’s Solyndra economy – cronyism at its worst In 2009 the Obama administration gave $535 million to Solyndra, claiming that it would create 4,000 new jobs. However, instead of creating those 4,000 new jobs, the company went bankrupt. It was later revealed that the company’s shareholders and executives had made substantial donations to Obama’s campaign, that the company had spent a large sum of money on lobbying, and that Solyndra executives had had many meetings with White House officials.It was also revealed that the Obama administration had already been aware of Solyndra’s...
  • BLS Releases Another Phony 'Green Jobs' Report

    03/21/2013 4:47:21 PM PDT · by raptor22 · 12 replies
    Investor's Business Daily ^ | March 21, 2013 | IBD EDITORIALS
    Bad Data: As yet another Solyndra looms, a new government report shows that by the government's own broad definition of a green job, more can be found in a coal mine than near a solar panel. The second annual Bureau of Labor Statistics (BLS) report on "Employment in Green Goods and Services," released Tuesday, will be the last, allegedly a casualty of the same sequestration that claimed the White House tours and may doom the Easter egg hunt on the White House lawn. That is probably a good thing, for if it were published as a book, it would deserve...
  • Seagate plans $180 million research complex at former Solyndra site in Fremont

    03/02/2013 8:58:39 AM PST · by ProtectOurFreedom · 25 replies
    San Jose Mercury News ^ | 3/1/13 | George Avalos
    Seagate Technology on Friday unveiled a $180 million cutting-edge research and development complex at the former Solyndra solar factory in Fremont, a site the company will use to invent next-generation disk drives. Up to 600 people could work at the facility, depending on product demand, Seagate executives said. "It's a big deal to be keeping high-tech research and development jobs in Silicon Valley," said Mark Re, a Seagate senior vice president and R&D executive. "This is going to be a state-of-the-art facility." Late Thursday, Seagate installed a huge sign with its name and logo on the side of the 411,000-square-foot...
  • Secretary Chu Says DOE Research Led Shale Revolution, and Forecasts the Same for Renewables

    02/05/2013 6:36:06 PM PST · by 2ndDivisionVet · 20 replies
    National Public Radio's State Impact ^ | February 1, 2013 | Susan Phillips
    Energy Secretary Steven Chu, who came to the White House leading a push for green energy, but got snarled by the Solyndra bankruptcy, announced his plan to resign on Friday. Chu wrote a long explanation of his decision to Energy Department employees. In the letter Chu seemed to begin by defending his tenure against critics who decried the loans made to the solar company Solyndra under his watch. “…I believe we should be judged not by the money we direct to a particular State or district, company, university or national lab, but by the character of our decisions.” Chu laid...
  • Obama Inaugural: Full of Audacity, but Little Hope

    01/24/2013 6:39:06 AM PST · by Kaslin · 6 replies ^ | January 24, 2013 | Michael Barone
    Commentators both left and right agree that Barack Obama's second inaugural speech Monday was highly partisan, with shout outs to his constituencies on the left and defiance of his critics on the right. Obama quoted the Declaration of Independence and the Constitution, and made brief reference to Abraham Lincoln's sublime Second Inaugural ("blood drawn by lash and blood drawn by sword"). But there was not much in the way of "with malice toward none, with charity for all." There were more references than in many inaugural speeches to specific programs and policies. One interesting question is what the practical effect...
  • Obama's Giveaway to the Communists

    01/15/2013 9:24:46 AM PST · by Kaslin · 5 replies ^ | January 15, 2013 | Phyllis Schalfly
    The China problem is not just that China is raking in trillions of dollars because of Obama's spending and borrowing binges, and it's not just that government policies encourage well-paying U.S. manufacturing jobs to move overseas. An even bigger problem is that the Obama administration is about to give Communist China some of our most precious and up-to-date military technology. This particular chicanery started when the Obama administration foolishly tried to use taxpayers' money to force green energy to replace fossil fuels. But green energy can't compete in the free market because it's so much more expensive to produce. Obama...
  • Banking On The Path To Fiscal Ruin

    01/09/2013 5:36:33 AM PST · by Kaslin · 2 replies ^ | January 9, 2013 | Ken Blackwell
    A trend has taken shape in Washington, and it has put our country on a devastating path towards potential fiscal ruin. The trend is characterized by an unsustainable penchant for spending money we don’t have. It became crystal clear in last year’s debt ceiling negotiations and was further highlighted by the recent debate surrounding the fiscal cliff; our country is broke, yet our government continues to spend more, risk more and accumulate more debt. Entitlements are often blamed for the vast majority of our spending issues, but our tendency to overspend is not restricted to just these. Parallels exist...
  • McGreen Jobs

    11/28/2012 12:48:57 PM PST · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | November 27, 2012 | Malcolm A. Kline
    “Employees at bicycle shops have green jobs,” economist Diana Furchtgott-Roth points out in a Capital Research Center study. “So do workers at antique dealers, at the Salvation Army used clothing recycling centers, and at used record stores, because used items count as recycled goods.” Furchtgott-Roth testified at a congressional hearing in June that examined the definition of “green jobs.” “As a witness at the hearing, I explained that, because the white paper cup placed before me on the table had a ‘Power to Save Energy’ logo, employees who produced it had green jobs,” she recalls. “The product met the BLS...
  • Solyndra Exit Plan Confirmed (Taxpayers lose $527 million)

    10/23/2012 8:45:03 PM PDT · by 11th_VA · 8 replies
    The WSJ ^ | Oct 23, 2012 | By Melanie Cohen
    A bankruptcy judge Monday confirmed Solyndra LLC’s Chapter 11 plan, brushing aside protests from the Department of Energy, which stands to lose most of the $527 million in taxpayer dollars it risked on the company.... A123 Systems Inc., the electric car battery maker that filed for Chapter 11 last week after receiving nearly $250 million in government grants, wants to pay more than $4 million in bonuses to a handful of top executives ...
  • Robert F. Kennedy Jr.: Renewable Energy Is Key to U.S. Growth

    10/23/2012 10:08:32 AM PDT · by NormsRevenge · 25 replies
    Yahoo! Finance ^ | 10/23/12 | Henry Blodget | Daily Ticker
    One of the most important issues in this year's election is energy. Our ongoing addiction to Mideast oil leaves us dependent on countries that are often unstable and hostile. Developing our own domestic energy resources and investing in renewable energy lessens this dependence. It also has the potential to create jobs and improve our trade deficit. The two presidential candidates have laid out energy plans that sound similar: both President Obama and Governor Romney want to continue to develop domestic energy resources, including renewable energy, with the aim of making the U.S. less dependent on foreign oil. But according to...
  • Report: Taxpayer loss due to Solyndra may be as high as $849 million

    10/22/2012 12:13:00 PM PDT · by Snuph · 7 replies
    Washington Examiner ^ | October 22, 2012 | Sean Higgins
    The cost to taxpayers for the failure of solar panel company Solyndra may be much higher than the $535 million dollar federal loan guarantee the company received. After the company went bankrupt in last August, 2011, the Energy Department, which had given the original loan, okayed an unprecedented deal to attract more private investment to Solyndra. One result of this deal is that it has allowed more than $350 million in tax write-offs to pass to those private creditors, one of which is owned by a major donor to President Obama. The House Oversight Committee now warns the total loss...
  • George Kaiser's Great Big Green Energy Scam (Obama bundler makes out like a bandit at our expense)

    10/20/2012 1:21:23 PM PDT · by SeekAndFind · 11 replies
    American Thinker ^ | 10/20/2012 | Michael Iachetta
    The Wall Street Journal reports that George Kaiser, "a Tulsa oil billionaire who bundled campaign checks for Mr. Obama in 2008," is poised to accomplish one of the great scams of all time. Here is how it works. The "primary investment arm of the George Kaiser Family Foundation" is Argonaut Ventures I LCCC. Argonaut Ventures happens to be the largest shareholder in Solyndra LCC, the California-based solar panel maker that received a $535 million U.S. Energy Department loan guarantee in September 2009 and went bankrupt two years later, laying off nearly 1,000 workers. Now the very same Argonaut Ventures, thanks...
  • A Few Questions I'd like To See President Obama Answer

    10/19/2012 5:22:20 AM PDT · by Kaslin · 14 replies ^ | October 19, 2012 | David Limbaugh
    I can only scratch the surface here, but the following are a few of the questions I would like to see President Obama answer in a debate. Mr. President, your confidante Valerie Jarrett once said: "There's nobody more self-critical than President Obama. Part of the burden of being so bright is that he sees his error immediately." If that is accurate, sir, why do you feel it took you so long to realize you were shellacked in the first debate, and why did you still bitterly cling to that error days afterward, saying that if people would read the transcript,...
  • President Obama's Taxpayer-Backed Green Energy Failures

    10/19/2012 4:00:50 AM PDT · by XHogPilot · 8 replies
    Heritage Foundation ^ | 18 Oct 2012 | Ashe Schow
    It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case. The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that...
  • President Obama’s Taxpayer-Backed Green Energy Failures(List)

    10/18/2012 3:24:33 PM PDT · by mojito · 18 replies
    Heritage Foundation ^ | 10/18/2012 | Ashe Schow
    ....So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher. The complete list of faltering or bankrupt green-energy companies:...
  • Taxpayers To Recover $0 On Solyndra

    10/17/2012 10:56:41 AM PDT · by Snuph · 3 replies
    Zerohedge ^ | 10/17/2012 | Tyler Durden
    It will come as no surprise to some but the bankruptcy court hearing for Solyndra just threw up all over any hopes that our taxpayer-funded loans to this solar sinkhole will be recovered: *SOLYNDRA HAS ABOUT $71 MILLION IN NET DISTRIBUTABLE ASSETS *SOLYNDRA LENDERS AHEAD OF GOVERNMENT OWED ABOUT $77 MILLION So it looks like a $0 recovery for us - US Government: Picking Losers One Sector At A Time.
  • The Solyndra Memorial Tax Break

    10/16/2012 6:50:53 AM PDT · by massmike ^ | 10/16/2012 | n/a
    Perhaps you thought the Solyndra scandal amounted to a $535 million government loan that will never be repaid. No such luck. In the latest twist, Solyndra's investors could be rewarded for their failure, thanks to a tax benefit the Administration handed out in a bid to evade political accountability. Having sold off its manufacturing plant, fired nearly 1,000 workers and proven the non-viability of its business model, Solyndra's only real assets are what the IRS calls "tax attributes." These are between $875 million and $975 million in net operating losses that can reduce future taxable income, which the IRS values...
  • Bankrupt Solyndra Files Bizarre Lawsuit Before Elections

    10/14/2012 9:08:55 PM PDT · by Nachum · 6 replies
    Breitbart ^ | 10/14/12 | Lindsay Leveen
    Solyndra has filed suit in U.S. District Court in Northern California against three of its Chinese competitors in the solar cell market. Fox news reported that the suit was filed on Thursday, October 11. The lawsuit is Solyndra, LLC v. Suntech Power Holdings Co Ltd et al, U.S. District Court, Northern District of California, No. 12-05272. The basis of the suit is supposed price fixing at predatory prices. I smell a rat that the Chinese firms would fix prices at a “predatory” level. Price fixing is almost always at a higher price than should be charged rather than at a...
  • Bankrupt Solyndra seeks $1.5 billion in damages from Chinese peers (price fixing)

    10/13/2012 6:04:26 AM PDT · by Libloather · 3 replies
    Chicago Tribune ^ | 10/12/12 | Thyagaraju Adinarayan
    Bankrupt Solyndra seeks $1.5 billion in damages from Chinese peersThyagaraju Adinarayan Reuters 9:17 p.m. CDT, October 12, 2012 (Reuters) - Bankrupt solar firm Solyndra has filed a lawsuit against three U.S.-listed Chinese solar players, including Suntech Power Holdings Co , seeking $1.5 billion in compensation due to monopolization by these firms, according to court documents filed on Thursday. The lawsuit was filed against Suntech, Trina Solar Ltd and Yingli Green Energy Holding Co claiming that the trio's panel prices moved in tandem - falling 75 percent in four years in the U.S. Solyndra, which claims in the lawsuit that the...
  • Plan to streamline solar development in West OK'd (Yay more Solyndras!)

    10/12/2012 6:41:31 PM PDT · by Domandred · 6 replies
    SFGate ^ | 10/12/12 | JASON DEAREN
    Federal officials on Friday approved a plan that sets aside 445 square miles of public land for the development of large-scale solar power plants, cementing a new government approach to renewable energy development in the West after years of delays and false starts. At a news conference in Las Vegas, Interior Secretary Ken Salazar called the new plan a "roadmap ... that will lead to faster, smarter utility-scale solar development on public lands." The plan replaces the department's previous first-come, first-served system of approving solar projects, which let developers choose where they wanted to build utility-scale solar sites and allowed...
  • Green-jobs subsidies bust: $21 billion, 28,854 jobs

    10/11/2012 8:01:06 AM PDT · by SeekAndFind · 3 replies
    Hotair ^ | 10/11/2012 | Ed Morrissey
    Remember this moment from the Romney-Obama debate last week? Mitt Romney hammered Barack Obama on green-energy subsidies and the futility of government intervention designed to distort markets:CLICK ABOVE LINK FOR THE VIDEO ROMNEY: Â… to oil, to tax breaks, then companies going overseas. So letÂ’s go through them one by one.First of all, the Department of Energy has said the tax break for oil companies is $2.8 billion a year. And itÂ’s actually an accounting treatment, as you know, thatÂ’s been in place for a hundred years. NowÂ…OBAMA: ItÂ’s time to end it.ROMNEY: And in one year, you provided $90...