Archive of posts tagged u s energy

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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Obama Crony Capitalism Continues: Nancy Pelosi’s Brother-In-Law Receives $737 Million Guarantee

Removing Obama and the rest of the cancer that is destroying our nation from the inside, is the only way to start cleaning up our government’s out-of-control corruption, and put our country back on track to recovery.

As long as Obama is in office, the Democrat’s failed policies, inept leadership, and corruption will continue keeping our nation’s economy from recovering, and if Obama and the Democrats have their way, the economy will never recover, and we will all become dependent on the government for the things we need to survive.

Our nation may not be able to survive another 4 years of Obama. – Put an end to Obama’s failed policies, corruption, crony capitalism, and lies by removing him from office in 2012!

Despite the growing Solyndra scandal, yesterday the Department of Energy approved $1 billion in new loans to green energy companies — including a $737 million loan guarantee to a company known as SolarReserve:

SolarReserve LLC, a closely held renewable energy developer, received a $737 million U.S. Energy Department loan guarantee to build a solar-thermal project in Nevada.

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...Continue Reading Obama Crony Capitalism Continues: Nancy Pelosi’s Brother-In-Law Receives $737 Million Guarantee