Posts Tagged With: clueless

How much did Obama’s green-energy handouts cost American Taxpayers?


Remember Solyndra? That’s where taxpayers lost hundreds of millions of dollars after the Obama administration handed out money and the company took it and went out of business.
But how about Evergreen Solar? Or Beacon Power? Or EnerDel subsidiary Ener1?
They also took taxpayer money from the Obama administration for their “green” energy projects, and then filed for bankruptcy.

In fact, a new report from the Heritage Foundation says, “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.”

The companies cited were: (Money listed is how much was offered, and does not include other state, local or federal tax credits and subsidies. Asterisk notes that the company has filed for bankruptcy)

Evergreen Solar ($24 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($69 million)*
AES’s subsidiary Eastern Energy ($17.1 million)
Nevada Geothermal ($98.5 million)
SunPower ($1.5 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
National Renewable Energy Lab ($200 million)
Fisker Automotive ($528 million)
Abound Solar ($374 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($6 million)
Johnson Controls ($299 million)
Schneider Electric ($86 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.4 million)*
Stirling Energy Systems ($7 million)*
LSP Energy ($2.1 billion)*
UniSolar ($100 million)*
Azure Dynamics ($120 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($150 million)
Nordic Windpower ($16 million)*
Navistar ($10 million)
Satcon ($3 million)*
The total? More than $10 billion.

Previously, it was reported A123, the maker of electric car batteries, sought bankruptcy to allow “the company to provide for an orderly sale of the automotive business assets and and all other assets and business units,” the company said.

About the same time, the Washington Times found a series of emails from solar power giant BrightSource Energy Inc. showing how the company “applied political pressure and used behind-the-scenes cajoling to win a $1.6 billion loan guarantee.”

And the IRS has argued regarding Solyndra that the bankruptcy plan “amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes.”

“The undeniable conclusion is that tax benefits drive this plan,” attorneys for the IRS told the bankruptcy court.

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He’s not my President….


Our media is soooooo corrupt!!!

When Obama stopped in at Master Lock in Milwaukee, Wisconsin last week, he was walking the plant and stopped to talk with a plant employee and looked up at the banner hanging on the wall and said to the worker and people around him, “It is great to be in a union shop, especially one as old as this union is ” – – – – pointing to the banner. He then said, “A Union shop since 1848” – – – and then he went on to talk on what that banner stood for and how important it was to display it and show your union support.

The worker then said to Obama that it was the flag of the State of Wisconsin – – which was founded in 1848, and that the shop was Non-Union.This was only reported by a local radio station in Milwaukee (1130AM) and not by the major news networks – – – they didn’t want to embarrass this “got no friggin’ clue” President!

Since they didn’t do their job of reporting on this presidential visit, the only way for the news to get around is by us – on the Internet. The White House media said he skipped Wisconsin & just went to Minn & Chicago.

Do your job; I just did mine, so voters will know what really happened here and just HOW BRIGHT THIS PRESIDENT REALLY IS !!!??? NOT!!

Categories: Politics | Tags: , , , , | Leave a comment

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