Long List of Failed Obama Green Energy & Solar Companies in the Billions
0bama, the most successful failure of a President, America has ever elected!
Below is a list of energy companies backed by President Barack Obama and ***funded by the American people*** that have failed. President Obama has wasted tax payer money on these companies and he wants you to re-elect him so he can give you more of the same.
Being the ideologue that he is, he WONT back down from funding more fake (meaning they have never proven themselves profitable or actually have made a product that works)
.Solar Trust of America: FAIL - Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
Bright Source: FAIL - Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Can you say, “This isnt working?”
Solyndra: FAIL - Obama gave Solyndra $500,000,000 in taxpayer money and Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses due to failure to make a solar product that works!
LSP Energy: FAIL - LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012
Energy Conversion Devices: FAIL – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
Abound Solar: FAIL - Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy
SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still
Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
Ecotality: FAIL - ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama
A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama’sDepartment of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
UniSolar: FAIL - Uni-Solar filed for Ch 11 bankruptcy in June 20 this year laid off hundreds got more Obama money still failing but still in business
Azure Dynamics: FAIL - Azure Dynamics files for bankruptcy in June ter millions in Obama “Stimulus”
Evergreen Solar: FAIL - Evergreen Solar received $527 Million in Taxpayer money from Obama filed bankruptcy
Ener1: FAIL received more than $100 million in government funding from the Obama administration filed for bankruptcy January 2012
Update: In May 2012 Obama visited a dusty, desert town 30 miles outside Las Vegas Wednesday to declare he’s doubling down on failed federal efforts to boost the solar industry which has NEVER proven to produce a single working product. Like Socialism, no evidence ot works, but they just keep doubling down on the failed ideals!.
Si vis pacem parabellum If I agreed with you, we would both be wrong We can thank public education for American gullibility... When did individualism and self reliance come to depend on the government? "A Liberal is a person who will give away everything he doesn't own." Capital punishment means never having to say, "You again?" Liberals Use Guilt As Moral Weapon Nothing sucks more than that moment during an argument when you realize you're wrong.
Wednesday, October 17, 2012
Green energy debacle | BrainerdDispatch.com | Brainerd, Minnesota
Green energy debacle | BrainerdDispatch.com | Brainerd, Minnesota
Since taking office, President Obama has invested billions of our tax dollars in private green energy businesses. The vast majority of those investments have turned out to be unmitigated failures, leaving in their wake layoffs, bankruptcies, over 100 criminal investigations and taxpayers on the hook for billions of dollars.
Here is just a partial list of president Obama’s green energy government backed businesses that have gone bankrupt: Solyndra, Ener 1, Beacon Power, Abound Solar, Amonix Solar, SpectraWatt, Evergreen Power, Range Fuels, Raser Technologies, and ECOtality.
Green company bankruptcies represent over $3 billion in tax dollars wasted by our government. And this is just the tip of the iceberg. Sun Power, First Solar and Solar Trust of America are all near bankruptcy.
Failure of these companies will cost we taxpayers an additional $5 billion. There is not one green company success story in President Obama’s green energy program, not one.
Making matters worse, well over 70 percent of these taxpayer dollars were given to Obama campaign contributors and friends that led these failed businesses.
Conversely, Romney’s private investment track record at Bain Capital is worlds apart better. According to the Wall Street Journal, Romney, while at Bain, had an 80 percent success rate in turning failing companies around by infusing capital and sound business strategy into them. Here is a partial list of Romney’s turnaround successes – Staples, Dominos Pizza, Sealy, Toys-R-Us, Sports Authority, Brookstone, AMC Entertainment, and the Salt Lake City Winter Olympics.
The media is largely ignoring this story because they don’t want to shed a big negative light on their favored candidate. As a result, most voters don’t get the facts.
So, which man do you really want managing our economy — one that has a track record of creating lots of jobs and business successes or one who is losing jobs and wasting our money?
The choice is clear, Mitt Romney.
Since taking office, President Obama has invested billions of our tax dollars in private green energy businesses. The vast majority of those investments have turned out to be unmitigated failures, leaving in their wake layoffs, bankruptcies, over 100 criminal investigations and taxpayers on the hook for billions of dollars.
Here is just a partial list of president Obama’s green energy government backed businesses that have gone bankrupt: Solyndra, Ener 1, Beacon Power, Abound Solar, Amonix Solar, SpectraWatt, Evergreen Power, Range Fuels, Raser Technologies, and ECOtality.
Green company bankruptcies represent over $3 billion in tax dollars wasted by our government. And this is just the tip of the iceberg. Sun Power, First Solar and Solar Trust of America are all near bankruptcy.
Failure of these companies will cost we taxpayers an additional $5 billion. There is not one green company success story in President Obama’s green energy program, not one.
Making matters worse, well over 70 percent of these taxpayer dollars were given to Obama campaign contributors and friends that led these failed businesses.
Conversely, Romney’s private investment track record at Bain Capital is worlds apart better. According to the Wall Street Journal, Romney, while at Bain, had an 80 percent success rate in turning failing companies around by infusing capital and sound business strategy into them. Here is a partial list of Romney’s turnaround successes – Staples, Dominos Pizza, Sealy, Toys-R-Us, Sports Authority, Brookstone, AMC Entertainment, and the Salt Lake City Winter Olympics.
The media is largely ignoring this story because they don’t want to shed a big negative light on their favored candidate. As a result, most voters don’t get the facts.
So, which man do you really want managing our economy — one that has a track record of creating lots of jobs and business successes or one who is losing jobs and wasting our money?
The choice is clear, Mitt Romney.
Fact Check: Top Ten Worst Lies of the Second Presidential Debate
Fact Check: Top Ten Worst Lies of the Second Presidential Debate
9. "...[H]e was asked, is it fair for somebody like you, making $20 million a year, to pay a lower tax rate than a nurse or a bus driver....And he said, yes, I think that’s fair." Obama was referring to Romney's recent 60 Minutes interview. But the transcript reveals Obama was not telling the truth. Romney was not saying it was fair that higher income should be taxed at a lower rate. He was referring specifically to the principle that capital gains should be taxed lower than other income because it has been taxed once already--a principle, incidentally, that Obama agrees with in his own tax policy.
8. "He called the Arizona law a model for the nation." Obama tried to knock Romney's immigration policy while at the same time accusing him of flip-flopping on the issue. But as Romney pointed out, he was referring specifically to the e-Verify part of the law--the requirement of instant verification of workers' legal status. That provision is even favored by unions. Obama made it seem Romney praised the law as a whole--which he had not. He went on to say that he himself objected to the provision that allowed police to check suspected illegal immigrants' documentation--but that provision survived a challenge at the Supreme Court.
7. "I want to make sure our timekeepers are working here." For the third debate in a row, the Democratic candidate complained that he was not receiving as much time to speak as the Republican. And for the third debate in a row, the Obama/Biden ticket actually spoke for longer--much longer--than the Romney/Ryan ticket, a testament to the ability of the incumbents to pressure the moderators, and the susceptibility of the left-leaning moderators to such pressure. Obama received a full three minutes more time in last night's debate--and the percentage difference was even higher at one point in the proceedings.
6. "They rely on it for mammograms." Obama attacked Romney's proposal to cut off federal funding to Planned Parenthood by claiming that the organization provides mammograms to women to help prevent breast cancer. It's been a repeated claim made by the left for months. The problem is that it's just untrue--and even left-leaning mainstream media fact-checkers have acknowledged that. What is perhaps worse than Obama's misleading claim about mammograms is the unsupported implication that Romney wants to deny life-saving health care to women--a cheap shot to which Romney was given no chance to respond.
5. "You can ship jobs overseas and get tax breaks for it." We have heard the same lie for eight years from Obama. In 2004, he ran for U.S. Senate from Illinois on a promise to end such tax breaks. He did it again when he ran for President of the United States in 2008. And yet he has never done anything about it--because there are no such tax breaks. There is merely a deduction that companies can take for moving, even within the U.S.--and which helps offset the double taxation of U.S. businesses abroad, which would make American companies less competitive. Repealing it would ship jobs overseas, actually.
4. "And the production is up....What you’re saying is just not true." Obama contested a claim by Romney that production of oil and gas is down on federal lands. He even accused Romney of not telling the truth. But Romney was right--exactly right, down to the percentage decline. Furthermore, Obama's claim that he has been increasing oil and gas production on federal lands flies in the face of recent policy decisions, such as closing off a large part of the National Petroleum Reserve-Alaska to further development. Obama has tried to take credit for expansion on private lands, while opposing expansion wherever possible.
3. "In what new ways do you intend to rectify the inequalities in the workplace, specifically regarding females making only 72 percent of what their male counterparts earn?" The false premise from a member of the audience was especially egregious because her question had been selected in advance by the moderator. The supposed wage gap between men and women for the same work is largely a myth. As Diana Furchtgott-Roth pointed out: "Women make about 95 percent of what their male counterparts earn, if the male counterparts are in the same job with the same experience."
2. "He wanted to take them into bankruptcy without providing them any way to stay open." After Obama accused Romney of wanting American auto manufacturers to go bankrupt, Romney pointed out that Obama had, in fact, taken the auto companies through bankruptcy. Obama's retort was to accuse Romney of wanting to take the companies bankrupt in order to put them out of business--a blatant lie. Romney actually suggested in his famous 2008 op-ed: "In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check."
1. "He did call it an act of terror." The worst untruth told by a moderator in presidential history. Candy Crowley's intervention in favor of Obama caused the president's cheering section to burst into applause, in violation of the rules, and there was little that Romney could say in response. But she was wrong--Obama's reference to "acts of terror" in his Sep. 12 statement was in a general, abstract sense, and came long after he had described the 9/11 attacks on U.S. diplomatic missions as demonstrations against an anti-Islamic video. Even Crowley seemed to realize what she had done: it wasn't long before she walked back her own comment.
The Second Presidential Debate featured repeated claims by each candidate that the other was not telling the truth--as well as at least one claim of fact by the moderator that turned out to be false. There were even questionable claims by the audience itself. Here are the top ten worst lies told during the Second Debate:
10. "I told you I would cut taxes for middle-class families, and I did. I told you I’d cut taxes for small businesses, and I have." President Barack Obama has made this claim repeatedly during the campaign, but it is not true, as even the liberal Huffington Post acknowledges. The few tax cuts that Obama did enact--such as the temporary payroll tax holiday--were short-term, or conditional. Furthermore, as the Romney campaign has often pointed out, Obama has raised many taxes on the middle class, including the infamous Obamacare "penalty," and his taxes on "millionaires and billionaires" would hit small businesess.9. "...[H]e was asked, is it fair for somebody like you, making $20 million a year, to pay a lower tax rate than a nurse or a bus driver....And he said, yes, I think that’s fair." Obama was referring to Romney's recent 60 Minutes interview. But the transcript reveals Obama was not telling the truth. Romney was not saying it was fair that higher income should be taxed at a lower rate. He was referring specifically to the principle that capital gains should be taxed lower than other income because it has been taxed once already--a principle, incidentally, that Obama agrees with in his own tax policy.
8. "He called the Arizona law a model for the nation." Obama tried to knock Romney's immigration policy while at the same time accusing him of flip-flopping on the issue. But as Romney pointed out, he was referring specifically to the e-Verify part of the law--the requirement of instant verification of workers' legal status. That provision is even favored by unions. Obama made it seem Romney praised the law as a whole--which he had not. He went on to say that he himself objected to the provision that allowed police to check suspected illegal immigrants' documentation--but that provision survived a challenge at the Supreme Court.
7. "I want to make sure our timekeepers are working here." For the third debate in a row, the Democratic candidate complained that he was not receiving as much time to speak as the Republican. And for the third debate in a row, the Obama/Biden ticket actually spoke for longer--much longer--than the Romney/Ryan ticket, a testament to the ability of the incumbents to pressure the moderators, and the susceptibility of the left-leaning moderators to such pressure. Obama received a full three minutes more time in last night's debate--and the percentage difference was even higher at one point in the proceedings.
6. "They rely on it for mammograms." Obama attacked Romney's proposal to cut off federal funding to Planned Parenthood by claiming that the organization provides mammograms to women to help prevent breast cancer. It's been a repeated claim made by the left for months. The problem is that it's just untrue--and even left-leaning mainstream media fact-checkers have acknowledged that. What is perhaps worse than Obama's misleading claim about mammograms is the unsupported implication that Romney wants to deny life-saving health care to women--a cheap shot to which Romney was given no chance to respond.
5. "You can ship jobs overseas and get tax breaks for it." We have heard the same lie for eight years from Obama. In 2004, he ran for U.S. Senate from Illinois on a promise to end such tax breaks. He did it again when he ran for President of the United States in 2008. And yet he has never done anything about it--because there are no such tax breaks. There is merely a deduction that companies can take for moving, even within the U.S.--and which helps offset the double taxation of U.S. businesses abroad, which would make American companies less competitive. Repealing it would ship jobs overseas, actually.
4. "And the production is up....What you’re saying is just not true." Obama contested a claim by Romney that production of oil and gas is down on federal lands. He even accused Romney of not telling the truth. But Romney was right--exactly right, down to the percentage decline. Furthermore, Obama's claim that he has been increasing oil and gas production on federal lands flies in the face of recent policy decisions, such as closing off a large part of the National Petroleum Reserve-Alaska to further development. Obama has tried to take credit for expansion on private lands, while opposing expansion wherever possible.
3. "In what new ways do you intend to rectify the inequalities in the workplace, specifically regarding females making only 72 percent of what their male counterparts earn?" The false premise from a member of the audience was especially egregious because her question had been selected in advance by the moderator. The supposed wage gap between men and women for the same work is largely a myth. As Diana Furchtgott-Roth pointed out: "Women make about 95 percent of what their male counterparts earn, if the male counterparts are in the same job with the same experience."
2. "He wanted to take them into bankruptcy without providing them any way to stay open." After Obama accused Romney of wanting American auto manufacturers to go bankrupt, Romney pointed out that Obama had, in fact, taken the auto companies through bankruptcy. Obama's retort was to accuse Romney of wanting to take the companies bankrupt in order to put them out of business--a blatant lie. Romney actually suggested in his famous 2008 op-ed: "In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check."
1. "He did call it an act of terror." The worst untruth told by a moderator in presidential history. Candy Crowley's intervention in favor of Obama caused the president's cheering section to burst into applause, in violation of the rules, and there was little that Romney could say in response. But she was wrong--Obama's reference to "acts of terror" in his Sep. 12 statement was in a general, abstract sense, and came long after he had described the 9/11 attacks on U.S. diplomatic missions as demonstrations against an anti-Islamic video. Even Crowley seemed to realize what she had done: it wasn't long before she walked back her own comment.
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