Archive of posts tagged private investors

Chevy Volt Battery Manufacturer Received $150 Million from Obama – Now Furloughs Workers

Chevy Volt Battery Manufacturer Received $150 Million from Obama - Now Furloughs Workers

Chevy Volt Battery Manufacturer Received $150 Million from Obama – Now Furloughs Workers

Mitt Romney was right when he said to Obama in the 1st debate – “You don’t pick the winners and losers. You just pick the losers.”

Obama has the worst track record for usually always picking the losers to waste our money on, but USBACKLASH feels that this pattern of picking the losers and throwing billions of dollars down the toilet is by design of the Obama administration, and everything is working just as planned.

The Obama supporters who receive the free government money probably don’t even want to be in the “green energy” business, but they know if they get in for a while, take the American People’s money, and then go bankrupt, then they can keep a large chunk of money as a payback from Obama, and get out of the business.

President Obama touted it in 2010 as evidence “manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds

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Political Paybacks? $300 Million Solyndra Building May Sell to Seagate for Only $90 Million

Political Paybacks? $300 Million Solyndra Building May Sell to Seagate for Only $90 Million

Political Paybacks? $300 Million Solyndra Building May Sell to Seagate for Only $90 Million

Why would the government allow Solyndra to sell a brand new $300 million building for only $90 million, and ensure that the American taxpayer will be the ultimate big loser again?

This after the Obama administration had already completely screwed the American Taxpayer by a prior back-room Obama deal which allowed private investors to be repaid before the taxpayer.

We would bet almost anything that in the weeks to come there will be new crony connections revealed between Seagate Technology and the Obama administration, who will be using the building as paybacks, and line the pockets of his friends and conies.

Taxpayers are about to take it on the chin again when it comes to solar-panel firm Solyndra, as the now-defunct company looks to sell off its glimmering headquarters for a fraction of the original price.

Bankruptcy court documents filed earlier this week show that Seagate Technology — which makes hard drives and other storage products — is offering to buy the Fremont, Calif., building for

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