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 taxpayer loan guarantee – Now reports ‘significant doubt about the company’s ability to continue”
  • Obama gave First Solar $3 billion in loan guarantees – Company has racked up $401 million in restructuring costs, and has fired 30 percent of its workforce.
  • Obama gave Abound Solar,


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Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

Now we are learning that, even as Solyndra’s financial situation grew worse and worse, the Obama administration still planned on approving an additional $469 million loan to the now bankrupt solar panel manufacturer, which would have increased the total loss to the American People to over $1 billion.

Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

Obama Admin Planned Additional $469 Million for Solyndra As Financial Troubles Worsened

We would think that Obama administration has their head stuck up their butts, but were pretty sure that the Obama administration knew exactly what they were doing when they gave the $ billions in loans to a failing company, which was run by Obama friends and supporters.

In reality, it’s becoming more clear that Obama really just gave a half billion dollars of our money to his friends and supporters, as a “Thank You” for their support of Obama.

The Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.

The Energy Department was actively pushing to provide the second



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