Archive of posts tagged green energy

Obama Picks Yet Another Obama Green Energy Failure – Additional $20 Million Wasted by Obama Crony Capitalism

Obama Picks Yet Another Green Energy Failure - Additional $20 Million Wasted by Obama Crony Capitalism

Obama Picks Yet Another Green Energy Failure – Additional $20 Million Wasted by Obama Crony Capitalism

Obama has a horrible track record on the green energy companies that he gives taxpayer money to, and yet another one of Obama’s green energy pet companies, Amonix solar manufacturing plant in North Las Vegas, who received more than $20 million in federal tax credits and grants, has now closed it’s new one year old plant.

Obama wants you to believe that he had your interest in mind when he gave these wasteful loans totaling $ billions in lost taxpayer money, but the truth is that Obama only gave money to his friends and supporters. Obama didn’t care if the money was lost, or even if the companies survived. In fact I think that Obama wanted these companies to fail, and mostly gave to failing liberal-owned firms. The whole reason for the billions in wasted money that Obama threw down the toilet is to set his administration up to receive all of the paybacks.

The Amonix solar manufacturing plant in North Las Vegas, subsidized

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Big Obama Supporter – Olympics Uniform Maker – Ralph Lauren Had Uniforms Made In China

Big Obama Supporter - Olympics Uniform Maker - Ralph Lauren Had Uniforms Made In China

Big Obama Supporter – Olympics Uniform Maker – Ralph Lauren Had Uniforms Made In China

Obama and the Dumbocrats want to keep lying to the American People about outsourcing done by a company that Mitt Romney used to work for, but Obama is the real Outsourcer In Chief.

It has been revealed that Ralph Lauren, a company who makes grossly overpriced junk clothing, and made the uniforms that US athletes will wear in this years Olympics, had the uniforms produced in China.

We are also learning that Ralph Lauren is a big Obama supporter, and has given more than $35,000 to the Democratic National Committee.

Lawmakers were livid to discover that the United States’ Olympic team uniforms were made in China. Senate Majority Leader Harry Reid (D., Nev.) even suggested “they should take all the uniforms, put them in a big pile and burn them and start all over again.”

The company who designed the uniforms, Ralph Lauren, has received less scrutiny. Few outlets have noted that Ralph Lauren himself is a prominent contributor to President Obama and the Democratic

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On Purpose: Obama’s Labor Dept “Overpaid” $14 Billion in Unemployment Benefits

On Purpose: Obama's Labor Dept "Overpaid" $14 Billion in Unemployment Benefits

On Purpose: Obama’s Labor Dept “Overpaid” $14 Billion in Unemployment Benefits

Obama’s Labor Department overpaid unemployment benefits in 2011 by over $14 Billion! Purposefully? We think so!

It is completely unbelievable that this was an accident, and we feel that this was a calculated “mistake” designed to further enslave the people who rely on their unemployment benefits to get by, and keep them firmly in the Democrat’s fold.

It’s really the same thing as the government bailouts and other Obama scams and scandals like Solyndra and other “green energy” scams that were designed to line the pockets of Obama’s friends and supporters.

Don’t spend that unemployment check too fast. The government might ask you to pay it back.

Overpayments are a rampant problem in the unemployment insurance system. The federal government and states overpaid an estimated $14 billion in benefits in fiscal 2011, or roughly 11% of all the jobless benefits paid out, according to reports from the U.S. Labor Department.

Of the states, Indiana was the worst offender, making more improper payments than it did correct ones.

Now, the

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More Failed Solyndra-Like Loans by Corrupt Obama Admin For Failing Companies – US Taxpayers Lose Additional $400 Million

More Solyndra-Like Loans by Corrupt Obama Admin For Failing Companies - US Taxpayers Lose Additional $400 Million

More Solyndra-Like Loans by Corrupt Obama Admin For Failing Companies – US Taxpayers Lose Additional $400 Million

Thanks to Obama’s inability to do anything right, more companies that received huge green energy loan guarantees are going bankrupt.

The latest in Obama’s horrible record of failed loans to his friends and supporters was the huge loan to Abound Solar Inc, which is costing US Taxpayers an additional $400 million in lost funds.

Obama thinks he is getting away with his green energy scams, where the Obama administration gives huge loan guarantees to their friends and supporters, knowing full well that the green energy companies were only started in order to get in on the free money from Obama, while the Obama administration knew these companies were bound to fail.

Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will close its doors and file for bankruptcy because its panels were too expensive to compete with Chinese products, according to the U.S. Energy Department.

Abound, based in Loveland, Colorado, borrowed about $70 million against the

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John Kerry Used Privileged Insider Information To Rake In $ Millions In Dirty Money?

John Kerry seems to know how to beat the system, and has worked overtime, allegedly using privileged insider information regarding the policies the Obama administration and the Democrats were enacting, to scam his way into $ millions in dirty money.

There needs to be an investigation into the rampant corruption in our government, and after the probe has been completed, we should throw all of the criminals in prison for a very long time!

Failed Democratic presidential nominee Sen. John Kerry’s (D., Mass.) long history of ethically dubious investments could invite controversy as he takes on a new role as a “top surrogate” for President Obama’s reelection campaign.

Kerry’s net worth as listed on his 2011 financial disclosure form is at least $193 million and likely much higher, making him the wealthiest member of the Senate. He is also a prolific investor, maintaining an array of stocks and other holdings through a mix of family trusts, marital trusts, and commingled fund accounts with his wife, Big Ketchup baroness Teresa Heinz.

The five-term Senator has a well-documented history of investing in

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Solar Trust Belly-Up: Yet Another Obama Green Energy Company Goes Bankrupt After Receiving $2.1 Billion Government Loan Guarantees

Solar Trust Belly-Up: Yet Another Obama Green Energy Company Goes Bankrupt After Receiving $2.1 Billion Government Loan Guarantees

Solar Trust Belly-Up: Yet Another Obama Green Energy Company Goes Bankrupt After Receiving $2.1 Billion Government Loan Guarantees

Obama Throws Another $2.1 Billion Thrown Down The Toilet!
Yet another one of Obama’s pet Green Energy companies (Solar Trust) has gone belly-up, and filed for bankruptcy, less than a year after receiving $2.1 billion in government-backed loan guarantees! In reality, that means that an already failing company was handed $2.1 billion in free money, with no plan or hope by the Obama administration of getting re-paid, other than now having a group of people who owe Obama big time!

When will the American People stand up and say “ENOUGH IS ENOUGH! WE WILL NO LONGER ALLOW THE OBAMA ADMINISTRATION TO WASTE ANY MORE OF OUR HARD-EARNED MONEY ON THESE GREEN ENERGY SCAMS! WE WILL NO LONGER STAND BY AS OBAMA LINES HIS FRIENDS AND SUPPORTERS POCKETS WITH $ BILLIONS OF OUR MONEY!!”

Today after reading this story, I went to lunch at a restaurant near my office where a few brain-dead liberals work. They were already talking about Obama’s complete and …

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New Obama Green Energy Pet Goes Bankrupt – American Taxpayer Loses $118 Million

Ener1, an Obama-backed hybrid car battery company files for bankruptcy

Ener1, an Obama-backed hybrid car battery company files for bankruptcy

Yet, another Green Energy pet of the Obama administration, Ener1, who received $118 Million in government funding, is now filing for bankruptcy! SHOCKING!!!

Take this latest waste of our money by the Obama administration, and add it to the other Obama-backed companies who took millions of dollars of our money, only to turn right around and file for bankruptcy, and I bet that the total is nearing a trillion dollars of lost money.

You can easily see that the Obama administration either has their hands dirty, in the pot of our money, or they just have no clue how to run an economy. We think it’s probably some of both! Obama definitely has no clue how to run an economy, and Obama is also very famous for spreading our wealth to his friends, family, and supporters.

The parent company of an electric car battery maker that received more than $100 million in government funding from the Obama administration has filed for bankruptcy protection, the company announced Thursday.

Alex Sorokin, the

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Another Obama Green Energy Company Files for Bankruptcy After Receiving $43 Million Government Loan

Yet another one of the companies that Obama’s Energy Department gave $43 million in government-backed loans has filed for bankruptcy, sticking the American taxpayer with the bill.

Just as we have seen with Solyndra, Sun Power, and others, the Obama administration doesn’t worry about how much of our money is being wasted. They only care about how much money and support their wasteful and criminal spending will return to their re-election campaign.

The Obama administration’s inability to not waste money is becoming more than a problem, and we need to do everything in our power to stop the wasteful and most likely criminal abuse and waste of our tax dollars.

A Massachusetts company that received a $43 million Energy Department loan guarantee last year filed for bankruptcy Sunday, a step certain to fuel criticism of federal green energy financing in the wake of the solar company Solyndra’s collapse.

Beacon Power Corp., which develops energy storage systems, filed for bankruptcy protection in the U.S. Bankruptcy Court in Delaware.

Beacon Power had received a federal loan guarantee to help build an energy

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