Archive of posts tagged energy secretary

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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National Renewable Energy Lab: Another $1 Billion Green Jobs Failure for Obama

Obama’s Green Jobs scam and failures takes another hit when the “National Renewable Energy Lab” who received about $1 billion in government funding, and started receiving a 64 percent increase in their funding during the Obama administration, just announced a plan to lay off about 10 percent of its staff. So much for Obama’s Green Energy Jobs…

“Their funding for 2008 was $328 million, In 2010 it was $536.5 million. They’ve had a 64 percent increase in their funding during the Obama administration.”

President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan.

According to the Denver Post, the lab plans to eliminate between 100 and 150 of its 1,350 jobs. The Obama administration supported the NREL in 2009 with roughly $200 million in stimulus grants. Energy Secretary Stephen Chu visited Golden in May 2009 to promote the NREL as a beneficiary of those funds.

At the time, the Associated Press

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Obama’s Energy Department Approves Two More Solyndra-Like Loans

Meet the next two Solyndra-like Obama loan scandals that are sure to be in the news in the very new future.

The Obama administration’s Energy Department has just approved two more government-backed loan guarantees, worth more than $1 billion, for two more solar energy companies, similar to the loan they gave Solyndra.

  • Tonopah Solar – $737 million gov loan
  • Mesquite Solar – $337 million gov loan

Soon, we will also be learning about what friends and supporters of Obama’s are involved with the companies, and how much the companies have donated to Obama.

The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration’s green energy program.

Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to

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