Post by Tumbleweed on Aug 5, 2012 11:37:21 GMT -6
Obama's green energy "success" stories....TAXPAYERS MUST READ!
1. RASER TECHNOLOGIES in 2010, which has fewer then 10 employees, was given $33 million to build a power plant. According to the Wall Street Journal the company FILED FOR BANKRUPTCY HEARING this year.
2. ECOtality in 2009 was given $126.2 million for the installation of 14,000 car chargers in 5 states. The company has since incurred more than $45 million in losses, and the company is under investigation for insider trading.
3. NEVADA GEOTHERMAL POWER was given $98.5 million in 2010. The New York Times reported in October that the company is in "financial turmoil," and there was significant doubt the company's ability to continue as a going concern.
4. FIRST SOLAR was given $3 billion for power plants in Arizona and California, and Business week reported their stocks fell to a record low after reporting $401 million restructuring costs, and had fired 30 percent of its workforce.
5. ABOUND SOLAR was given $400 million to build photo-voltaic panel factories. Forbes reports in February the company halted production and laid off 180 employees. In June of 2012, Abound went BANKRUPT.
6. BEACON POWER was given $43 million even though Standard and Poor’s had given the company a dismal outlook. Last fall the company received a delisting from NASDAQ and has FILED FOR BANKRUPTCY.
7. SUNPOWER was given $1.2 billion and as of January owed more then it was worth.
8. BRIGHT SOURCE was given $1.6 billion and then posted a string of net losses totaling $177 million.
9. SOLYNDRA, a solar panel manufacture, was given $535 million and since then has gone BANKRUPT.
NOW HERE IS WHAT IS MOST INTERESTING IN THIS ARTICLE BY THE LINCOLN JOURNAL STAR:
"Of all these grants and loans 71 percent of the money went to "individuals who were bundlers",
members of Obama's NATION FINANCE COMMITTEE, or large donors to the Democratic Party."
BTW:
Tonopah Solar got $737 million (larger than Solyndra)
Tonopah Solar is run by Nancy Pelosi's brother-in-law..
Sickening. It is a hard pill to swallow that American's taxes from hard earned money, for the most part, just went "poof"...gone, wasted.
1. RASER TECHNOLOGIES in 2010, which has fewer then 10 employees, was given $33 million to build a power plant. According to the Wall Street Journal the company FILED FOR BANKRUPTCY HEARING this year.
2. ECOtality in 2009 was given $126.2 million for the installation of 14,000 car chargers in 5 states. The company has since incurred more than $45 million in losses, and the company is under investigation for insider trading.
3. NEVADA GEOTHERMAL POWER was given $98.5 million in 2010. The New York Times reported in October that the company is in "financial turmoil," and there was significant doubt the company's ability to continue as a going concern.
4. FIRST SOLAR was given $3 billion for power plants in Arizona and California, and Business week reported their stocks fell to a record low after reporting $401 million restructuring costs, and had fired 30 percent of its workforce.
5. ABOUND SOLAR was given $400 million to build photo-voltaic panel factories. Forbes reports in February the company halted production and laid off 180 employees. In June of 2012, Abound went BANKRUPT.
6. BEACON POWER was given $43 million even though Standard and Poor’s had given the company a dismal outlook. Last fall the company received a delisting from NASDAQ and has FILED FOR BANKRUPTCY.
7. SUNPOWER was given $1.2 billion and as of January owed more then it was worth.
8. BRIGHT SOURCE was given $1.6 billion and then posted a string of net losses totaling $177 million.
9. SOLYNDRA, a solar panel manufacture, was given $535 million and since then has gone BANKRUPT.
NOW HERE IS WHAT IS MOST INTERESTING IN THIS ARTICLE BY THE LINCOLN JOURNAL STAR:
"Of all these grants and loans 71 percent of the money went to "individuals who were bundlers",
members of Obama's NATION FINANCE COMMITTEE, or large donors to the Democratic Party."
BTW:
Tonopah Solar got $737 million (larger than Solyndra)
Tonopah Solar is run by Nancy Pelosi's brother-in-law..
Sickening. It is a hard pill to swallow that American's taxes from hard earned money, for the most part, just went "poof"...gone, wasted.
Its seems facebook has deleted my memory of how to actually interact on a real website. 