Obama Has Driven U.S. Off Financial Cliff – Wasting $ Trillions of Taxpayer Money

Obama likes attacking Mitt Romney for his time at Bain Capital – a company that has saved or created far more jobs than the Obama administration – yet Obama’s record in the financial field is the worst of anyone we have ever seen! Obama has wasted $ Trillions of taxpayer money to pay off his friends and supporters, and to help buy the next election.

Lets look at just a few of Obama’s Financial Failures.

  • Obama gave Raser Technologies $33 million taxpayer-funded grant while the company still owes $1.5 million in back taxes
  • Obama gave ECOtality – a failing company – $126.2 million in taxpayer money – Now tells Obama administration “We may not achieve or sustain profitability on a quarterly or annual basis in the future.”
  • Obama gave Nevada Geothermal Power a $98.5 million

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Obama’s New $1.2 Billion SunPower Loan Scandal – Twice As Big As Solyndra

Obama's New $1.2 Billion SunPower Loan Scandal - Twice as big as Solyndra

Obama's New $1.2 Billion SunPower Loan Scandal - Twice as big as Solyndra

The Obama administration gave another obviously failing California solar company $1.2 billion in federal loan guarantees, even though the company had only weeks earlier announced that they would be building a new manufacturing plant in Mexicali, Mexico to manufacturer the solar panels.

So much for American jobs, as well as so much for the billions of our tax dollars the Obama administration flushed down the toilet, as payouts to their friends and supporters.

The Obama administration – Corruption and Crony Capitalism at it’s finest.

How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in

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Solyndra Lists “California Democratic Party” As Bankrupt Solar-Panel Plant Creditor

Why would the ultra-liberal and corrupt California Democratic Party be listed in the list of creditors to the failed solar-panel company, Solyndra, and then the California Democratic Party’s communications director, Tenoch Flores, said in a reply that the California Democratic Party was not owed “any funds in any form” from Solyndra.

That is not a denial that they are a creditor of Solyndra. It only means that they do not want Solyndra to pay back the cash they are owed, or they were already paid back, but it sill leaves the question of why? Who would the California Democratic Party be a creditor to a company that received over a half billion dollars in federal loans?


This scandal gets bigger by the minute, and the corruption, and subsequent …

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