John Boehner SPENT! Didn't know?
Posted in the Columbus Forum
#1 Jul 25, 2013
http://politix.topix.com/homepage/6758-boehne... . Just saying!
“Hillary 4 prison 2016”
Since: May 13
#3 Jul 25, 2013
got an agenda huh frankie boy.
Well since you hate wasting tax payers hard earned $$$$$ to the tune of 3 million feast on this.
List Of Failed Green Energy Jobs & Companies By Obama
President Obamas Taxpayer-Backed Green Energy Failures (enjoy)
It is no secret that President Obamas and green energy supporters foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.
The truth is that the problem is widespread. The governments picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. The fact that some companies are not under financial duress does not make the policy a success. It simply means that our taxpayer dollars subsidized companies that wouldve found the financial support in the private market.
So far, 34 companies that were offered federal support from taxpayers are faltering either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administrations Department of Energy and other agencies. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher.
The complete list of faltering or bankrupt green-energy companies:
Evergreen Solar ($25 million)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDels subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc.($2 million)*
Olsens Crop Service and Olsens Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
Vestas ($50 million)
LG Chems subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc.($20 million)*
Mascoma Corp.($100 million)
*Denotes companies that have filed for bankruptcy.
The problem begins with the issue of government picking winners and losers in the first place. Venture capitalist firms exist for this very reason, and they choose what to invest in by looking at companies business models and deciding if they are worthy. When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to invest in green energy.
The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse (although not all are linked to the green-energy funds), and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.
Add your comments below
|Ohio School Prayer Ballot Issue Rejected||9 min||Pope Che Reagan C...||23|
|Hillary's speech - thread is missing||1 hr||Free Pizza 4 U||80|
|Why the British left EU||1 hr||Zeeba||19|
|Sasquatch Watch searches for Bigfoot in W.Va. |... (Oct '09)||1 hr||Hum||29|
|rebecca wild (Oct '14)||1 hr||Linda||28|
|Hey! Look down there!||2 hr||Posting as myself||1|
|Clinton, in Columbus speech today, to slam Trum...||3 hr||spud||125|
|Is Donald Trump Campaign Falling Apart?||4 hr||Coronal Stragedy||101|
Find what you want!
Search Columbus Forum Now
Copyright © 2016 Topix LLC