Obama’s Green Parasite Tax Problem: You Pay Now

Discussion in 'Politics' started by freedombecki, Oct 20, 2012.

  1. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    You are footing the bill through your high taxes for Obama's growing list of Green Companies cashing in on taxpayer-backed loans they got from Obama's hustle-through for cronies to line up at the piggie trough he has made of the U.S. Treasury to get theirs! The common requirement seems to have been only that the company's leaders sent in a modest-by-comparison campaign check, and the allowance is for almost immediate bankruptcy after receiving their check to a couple of years.

    Republicans did away with Congress giving 100% taxpayer-backed loans this summer(the people pay if something goes wrong), but not before Nancy Pelosi and Harry Reid helped their partners to billions more in the Solyndra-scandalized Congressional act that was controlled by Democrats to give gifts to their backers. Each time the Republicans have blocked unwise spending, the Democrats have screamed "do-nothing Republican Congress." The truth is, the Republicans are doing something: they're preventing America's credit rating from being downgraded a third time while Democrats are threatening lawsuits, insults, assorted campaign lies, and other vicious tactics in order to keep their hand on the spending wheel they have viewed as personal piggy banks in the past 4 years. There are also others in trouble, they just haven't announced it yet. The following list includes updated amounts for 34 bankruptcies, including the two that occurred this past week:

    From the Heritage: President Obama’s Taxpayer-Backed Green Energy Failures


    The complete list of faltering or bankrupt green-energy companies, including 2 added this week, A123 and Satcon:

    1. Evergreen Solar ($25 million)*
    2. SpectraWatt ($500,000)*
    3. Solyndra ($535 million)*
    4. Beacon Power ($43 million)*
    5. Nevada Geothermal ($98.5 million)
    6. SunPower ($1.2 billion)
    7. First Solar ($1.46 billion)
    8. Babcock and Brown ($178 million)
    9. EnerDel’s subsidiary Ener1 ($118.5 million)*
    10. Amonix ($5.9 million)
    11. Fisker Automotive ($529 million)
    12. Abound Solar ($400 million)*
    13. A123 Systems ($279 million)*
    14. Willard and Kelsey Solar Group ($700,981)*
    15. Johnson Controls ($299 million)
    16. Schneider Electric ($86 million)
    17. Brightsource ($1.6 billion)
    18. ECOtality ($126.2 million)
    19. Raser Technologies ($33 million)*
    20. Energy Conversion Devices ($13.3 million)*
    21. Mountain Plaza, Inc. ($2 million)*
    22. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
    23. Range Fuels ($80 million)*
    24. Thompson River Power ($6.5 million)*
    25. Stirling Energy Systems ($7 million)*
    26. Azure Dynamics ($5.4 million)*
    27. GreenVolts ($500,000)
    28. Vestas ($50 million)
    29. LG Chem’s subsidiary Compact Power ($151 million)
    30. Nordic Windpower ($16 million)*
    31. Navistar ($39 million)
    32. Satcon ($3 million)*
    33. Konarka Technologies Inc. ($20 million)*
    34. Mascoma Corp. ($100 million)
    *Denotes companies that have filed for bankruptcy.

    This is a lot of money for us taxpayers to put up front, only to have the company we put our trust in to go bankrupt after only a few months.

    In order to provide power that pays for itself, putting the matter into the hands of private interests might help our country zero in on which method of extracting free power from the universe is economically feasible. Burdening the people with over seven billion dollars and counting in providing free insurance for failed green businesses isn't getting us there.
     
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    Last edited: Oct 21, 2012
  2. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    The link also shows there are a lot of instances of the stimulus money being wasted, abused, and American taxpayers defrauded of their tax money. From the Heritage link above:



    1900 investigations to look into this problem with 600 convictions seems to be a huge national issue. Don't people care anymore if they are taxed to death for nothing but very wealthy politicians playing Robin Hood with money from people a lot worse off than they?

    Hello! Washington? Are you there?
     
    Last edited: Oct 20, 2012
  3. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Great Op's get .............:clap2:
     
  4. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    Feds have more than 1,900 investigations open into alleged stimulus wrongdoing

     
  5. Mr. H.
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    Mr. H. Diamond Member

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    "Paying through high taxes"? Hardly.
    The guy just prints money and gives it away.
     
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  6. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    I know. Congress needs to reclaim their turf of disbursements.
     
  7. copsnrobbers
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    copsnrobbers I call it as I see it

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    Billions funneled into Scams.

    It wouldn't surprise to me to learn huge amounts of the money went to the MBH.
     
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  8. Murf76
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    Murf76 Senior Member

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    It's not really about the "green energy" though. Progressives had a really good time taking the mickey out of Glenn Beck when he illustrated how green energy is linked with big labor and "social justice" groups like ACORN. What they couldn't do though... is refute him.
    The Apollo Alliance | Fox News Video

    I think what's clear is that Energy Independence is something that most Americans agree on. And say what you like about Glenn Beck, I think he was truly on to something here. Why else would a guy like Van Jones even be interested in green energy? In fact, he's said as much: Van Jones: Green Energy Is Really All About Social Justice (Video) | The Gateway Pundit
    Of course, there are lots of examples of Jones trying to tie these issues together, but just as in the example above his arguments are specious and emotional.

    What they tried to do here was to harness green energy as a vehicle to carry the rest of the progressive agenda. Everybody can agree that clean energy is a good thing. It's the perfect political foil for slipping the rest of their redistributive policies past the American People.

    Trouble is though... while they were out redistributing our money, the "green companies" they were giving it to burnt their asses by not providing them with results they could take before the people and claim victory on. In fact, their record is so bad that they've sullied the very vehicle they planned to hide their progressive agenda in. And because they spent so much with so little success, now they've got questions to answer and no record to run on.
     
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  9. Katzndogz
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    Katzndogz Diamond Member

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    How many of those bankrupt companies donated millions to obama. The green energy companies are laundromats, created specifically for the purpose to launder tax funds into democrat contributions.
     
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  10. GoneBezerk
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    GoneBezerk BANNED

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    Green energy is the newest scam on the American taxpayer where Democraps steal taxes and give it back to their supporters....welfare/food stamps was the original scam.
     
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