SOLARGATE: Solar Companies that have Gone Bankrupt and the US Tax Payers Dime

UPDATE: April 3, 2012

In order of filing for bankruptcy coupled with how much Obama squandered/gambled of OUR Tax Dollars on HIS “Green Jobs” initiatives…… Guess Obama really wished he could have “taken over” the internet when he owned both houses of Congress last year………My what one can find on Google (BTW…one of the top 3 Corporations who are the largest Obama campaign donors):

Company……………….Amount Obama Gambled…………..……..Went Under Date

1. Solar Millennium ……..$2.1 Billion”conditional tax payer loan”……….April 2, 2012

2. Q-Cells………………………………………………………………..April 2, 2012

3. Beacon Power Corp………………$34+ MILLION……………………..October 31, 2011

4. Mountain Plaza…………………….$424,000…………………..…………October 2011

5. Stirling Energy Systems…………?????………………………………September 28, 2011

6. Solyndra……………………………$535+ MILLION…………………………August 31, 2011

7. Spectrawatt Inc. …………………….$650,000………………………………..August 19, 2011

8. Evergreen Solar…………………….$5.8+ MILLION……………………….August 15, 2011

9. Olsen’s Crop Serv. & Olsen’s Mills Acq. Co….….$10+ MILLION…….May 27, 2011

10. Simple Solar……(unsure if they received government funding)………May 22, 2010

October 31, 2011

I find it funny, and no I do not mean “ha…ha” funny, how the Obama Administration and media backers of Obama are trying to spin his green jobs initiatives as positive because there have been more “success’” than there have been failures.

Hold on while I “ROTFLMFAO”……still ‘LMFAO”………

When you give over $535 MILLION to a company whereby some within your OWN ADMINISTRATION tell you NOT to, you are a complete MORON!

When you try to sweep HALF-a-BILLION Tax Payers dollars LOSS under the rug by saying other companies are doing well and expect it to go away, you are a complete MORON!

But alas, Solyndra and Obama’s $535+ MILLION scandal is not the only huge loss to American Tax payers; no, there are more including the new one that just filed for bankruptcy this past weekend:

 “On September 28, Energy approved a $737 million loan guarantee for Nevada’s SolarReserve Project. It promises 600 construction jobs at $1.23 million each and 45 permanent jobs at $16.4 million per position. Energy also guaranteed $337 million for Sempra Energy’s Mesquite Solar Project in Arizona. Its 300 construction jobs cost $1.12 million each, while its seven permanent positions equal $48.1 million per job created.”

And….

“In Seattle, an Energy grant provided $20 million to weatherize homes. Sixteen months later, this outlay has generated 14 administrative jobs at $1.42 million apiece. How many homes have been retrofitted? Three.”

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4 responses to “SOLARGATE: Solar Companies that have Gone Bankrupt and the US Tax Payers Dime

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