Half a BILLION down the drain

[Joe Miner]

Not bankrupt quite yet. But it's only $55 million.

 

http://www.politico.com/news/stories/1011/67287.html

[IDBillzFan]

Not bankrupt quite yet. But it's only $55 million.

 

http://www.politico.com/news/stories/1011/67287.html

I'm starting to think that a green company finding out it's receiving federal funds and is having Biden or Obama visit is akin to a football player finding out he's on the cover of Madden.

[Mr_Blizzard]

Pffft, half a billion dollars. The Benbernanke can print that back up in no time

 

A bushel of twenties for everyone!

[3rdnlng]

http://blogs.investors.com/capitalhill/index.php/home/35-politicsinvesting/6645-solyndra-staff-get-13000-taa-federal-aid

 

Can't they find other jobs in the industry? Afterall, these green jobs they had are the wave of the future.

[Dante]

Unbelievable. This a complete rogue government. They could care a less. So brazen.

Edited November 22, 2011 by Dante

[/dev/null]

http://sanfrancisco.cbslocal.com/2012/01/19/bankrupt-solyndra-caught-destroying-brand-new-parts/

 

Yes we can!

[Chef Jim]

http://sanfrancisco....rand-new-parts/

 

Yes we can!

 

Jesus Christ guys. I'll take them off your hands.

[DC Tom]

Unbelievable. This a complete rogue government. They could care a less. So brazen.

 

That's not the administration's fault. Nor is it anyone being "rogue".

 

It's just a prime example of bureaucracy run amok. A governmental organization gives them financial assistance, they fail, then ANOTHER government organization gives the individuals more financial assistance under a completely different program because of a trade dispute which, if it really did exist and kill them, should probably have prevented the first round of assistance? That's too damned uncoordinated and haphazard to be "rogue".

[B-Man]

Didn't feel like starting a new thread, so I'll place this story about our "ENERGY" President here;

 

 

Investors Business Daily

 

First Obama Re-Election Ad Filled With Fibs

Posted 01/20/2012

 

 

In his very first TV ad of the 2012 campaign, the president is feeding the public false information about America's dependence on foreign fuels. His twisted statistics actually celebrate the Obama recession.

 

The Obama re-election campaign is already shaping up as the most deceitful in American electoral history. "For the first time in 13 years our dependence on foreign oil is below 50%," the commercial declares, accompanied by goose-bumpy music.

 

Major economic downturns, in fact, unfailingly produce declines in oil imports. And so do higher gas prices — which went from an average of less than $2 a gallon at the time Obama took office to nearly $4 in the middle of last year and remain well above $3 today.

 

How could gasoline demand not drop with so many people out of work, businesses dying and jittery investors sitting on a trillion dollars?

 

Obama's ad dishonestly suggests he's been engineering an alternative energy economic renaissance in America. As hard-hatted workers are shown assembling solar panels, the ad says, "America's clean energy industry? 2.7 million jobs and expanding rapidly."

 

It's saying Obama created — or "saved" — 2.7 million new clean energy jobs, right? Uh-uh. Turns out that the Brookings Institution report that the ad cites as its source on the 2.7 million was referring to already-existing green jobs.

 

You'd never know from the Obama commercial that what Brookings actually said was: "Overall, today's clean economy establishments added half a million jobs between 2003 and 2010, expanding at an annual rate of 3.4 %" — a half-million over eight years being a tiny gain. And that "this performance lagged the growth in the national economy, which grew by 4.2% annually over the period."

 

You wouldn't know, Brookings said, that "many longer-standing companies in the clean economy — especially those involved in housing- and building-related segments — laid off large numbers of workers during the real estate crash of 2007 and 2008, while sectors unrelated to the clean economy (mainly health care) created many more new jobs nationally."

 

And Brookings' assessment that the green economy is "expanding rapidly"? Its report's conclusion actually warns "against excessive hopes for large-scale, near-term job-creation from the sector" because "the U.S. clean economy remains small where it is fast-growing and relatively slow-growing on balance ... their status as major employers remains a few years off."

 

In truth, Obama's energy policy is a disaster as to reducing foreign energy dependence. As the Institute for Energy Research points out, "oil production on federal lands has fallen by 43% over the past nine years, according to the Obama administration's Energy Information Administration. And it has dropped rapidly on President Obama's watch."

 

Dan Simmons, IER's director of regulatory and state affairs, told IBD he's convinced "President Obama is afraid of charges of crony capitalism regarding Solyndra," the solar panel company that got $535 million in taxpayer-funded stimulus loan funds from the administration, then soon went bankrupt.

 

That's why the Obama re-election campaign's first big lie is that he is the energy president.

 

 

.

[IDBillzFan]

That's why the Obama re-election campaign's first big lie is that he is the energy president.

It's not a lie. He is the energy president. He saps the energy out of anything that promotes growth and independence.

Edited January 21, 2012 by LABillzFan

[/dev/null]

Another $100 Million

 

http://abcnews.go.com/Blotter/ener1-parent-obama-backed-green-company-files-bankruptcy/story?id=15456414

[IDBillzFan]

Another $100 Million

 

http://abcnews.go.com/Blotter/ener1-parent-obama-backed-green-company-files-bankruptcy/story?id=15456414

"A year and a half ago, this administration made a judgment. We decided it's not sufficient to create new jobs -- we have to create whole new industries," Biden told the plant workers then. "We're back in the game."

 

Gee, I have to admit I'm kind of surprised. I mean, who could have imagined that a handful of people who have never so much as run an ice cream truck in their entire lives could take billions and billions of other people's money, invest it blindly in a bunch of new industries, only to find the industries going bankrupt faster than the 2nd home of an ACORN field rep.

 

I mean...I'm sure the numbers were there, right?

 

All joking aside, it does amaze me that anyone could look at this administration of keystone cops and somehow think that they could be worse off with Mitt Romney or Newt Gingrich or even a toaster oven in charge of the WH.

[Chef Jim]

Gee, I have to admit I'm kind of surprised. I mean, who could have imagined that a handful of people who have never so much as run an ice cream truck in their entire lives could take billions and billions of other people's money, invest it blindly in a bunch of new industries, only to find the industries going bankrupt faster than the 2nd home of an ACORN field rep.

 

I mean...I'm sure the numbers were there, right?

 

All joking aside, it does amaze me that anyone could look at this administration of keystone cops and somehow think that they could be worse off with Mitt Romney or Newt Gingrich or even a toaster oven in charge of the WH.

 

Mmmmmmmmmm toast.

[DC Tom]

or even a toaster oven in charge of the WH.

 

Sounds like a Monty Python skit.

[Rob's House]

Mmmmmmmmmm toast.

I don't wanna brag, I don't wanna boast...

[/dev/null]

or even a toaster oven in charge of the WH.

Sounds like a Monty Python skit.

 

More like Red Dwarf

[3rdnlng]

http://www.globalwarming.org/2012/01/27/drip-drip-drip-yet-another-green-energy-stimulus-recipient-hits-the-skids-the-third-this-week/

[PromoTheRobot]

Not relevant.

Never is to the Right.

 

PTR

[3rdnlng]

http://www.washingtonpost.com/politics/venture-capitalists-play-key-role-in-obamas-energy-department/2011/12/30/gIQA05raER_story.html

 

It just doesn't stop.

[/dev/null]

http://www.washingtonpost.com/politics/venture-capitalists-play-key-role-in-obamas-energy-department/2011/12/30/gIQA05raER_story.html

 

It just doesn't stop.

 

Yeah but those venture capitalists are different