Archive of posts tagged solar panels

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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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 Sweetheart Solar Company Gets Subsidies & U.S. Loan Guarantees For Buying Own Solar Panels!

Obama Sweetheart Solar Company Gets Subsidies & U.S. Loan Guarantees For Buying Own Solar Panels!

Obama Sweetheart Solar Company Gets Subsidies & U.S. Loan Guarantees For Buying Own Solar Panels!

Yet another one of Obama’s sweetheart green energy companies have a lot of questions to answer regarding the green-energy subsidies and export subsidies they receive for selling their solar panels to themselves!

More Obama Crony Capitalism

First Solar is receiving Subsidies and U.S. taxpayer loan guarantees for selling their own products to themselves!

Obama and the Democrat’s Green Energy scams are just that.. scams. The only thing that Obama’s dangerous Green Energy policies have accomplished is to spread our taxpayer dollars to Obama’s family, friends, and supporters, while knowing full-well that Green Energy is just a Democrat scam. We see it in every Green Energy company that the Obama administration has thrown our money at. All of the Green Energy companies that got help from the Democrats seem to have very tight connections with the Obama administration, and companies who are not in bed with Obama didn’t receive any help.

A heavily subsidized solar company received a U.S. taxpayer loan guarantee to sell solar panels

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Obama’s New $1.2 Billion SunPower Loan Scandal – Twice As Big As Solyndra

Obama's New $1.2 Billion SunPower Loan Scandal - Twice as big as Solyndra

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.

The Obama administration – Corruption and Crony Capitalism at it’s finest.

How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice

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Obama Gave Solyndra Shareholders and Executives $500 Million “Thank You” For Donations

The more that we learn about the Solyndra Scandal, the more it looks like Obama used our money to repay some of his major contributors, who were the shareholders and executives of the company who received a $500 million loan shortly before filing for bankruptcy.

POOF!!! Another half a billion dollars obviously misused and wasted by the most corrupt administration in the history of our nation.

We know that the badly failed Obama stimulus was just a veiled “Thank You” payout to the unions, in hopes that a good chunk of that money would flow back into the Democrat coffers, in the form of campaign contributions, (basically, political money laundering) but how many more Solyndras are out there?

A solar energy company that intends to file for bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show.

Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of

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