Archive of posts tagged loan guarantee

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.

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. We would think that Obama administration has …

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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 …

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More Solar Companies Receiving Federal Loans Tied to Democratic Donors

Very soon we will all see very clearly that the Obama administration used their loan guarantee power as a means to pay back the people who helped the Obama administration – either with political support (Nancy Pelosi – Tonopah Solar) or with cash donations (George Kaiser – Solyndra Scandal). In the past 2 years, the …

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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 – …

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Solyndra Execs Cover for Obama, Refuse To Answer Questions

The Democrats have started implementing the same spin-job they use when one of them gets caught not paying their taxes. “Oh, it was just a mistake. We missed some signs that showed that there were problems with the company” How do you miss the signs that a company is not deserving of a half billion …

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Solyndra, Major Obama Donor, Declares Bankruptcy After Receiving $535 Million Federal Loan

So let’s get this straight. This is different than the very similar story of Evergreen Solar Inc, which also received millions of dollars from the Obama administration, before going bankrupt. The Obama administration guaranteed a another failing company, Solyndra solar panel company, $535 million government backed loan, which seems more like a reward for the …

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