freedombecki
Let's go swimmin'!
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:
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.
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:
- Evergreen Solar ($25 million)*
- SpectraWatt ($500,000)*
- Solyndra ($535 million)*
- Beacon Power ($43 million)*
- Nevada Geothermal ($98.5 million)
- SunPower ($1.2 billion)
- First Solar ($1.46 billion)
- Babcock and Brown ($178 million)
- EnerDel’s subsidiary Ener1 ($118.5 million)*
- Amonix ($5.9 million)
- Fisker Automotive ($529 million)
- Abound Solar ($400 million)*
- A123 Systems ($279 million)*
- Willard and Kelsey Solar Group ($700,981)*
- 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 ($6.5 million)*
- Stirling Energy Systems ($7 million)*
- Azure Dynamics ($5.4 million)*
- GreenVolts ($500,000)
- Vestas ($50 million)
- LG Chem’s subsidiary Compact Power ($151 million)
- Nordic Windpower ($16 million)*
- Navistar ($39 million)
- Satcon ($3 million)*
- Konarka Technologies Inc. ($20 million)*
- Mascoma Corp. ($100 million)
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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