The pic makes me nauseous.... Greedy bunch of commie bastards!



As President Barack Obama departed for the climate summit in Paris, he faces a new "Solyndra" scandal as Spain's Abengoa SA, which received $3 billion in administration sustainable energy loans and Export-Import Bank guarantees, announced that it has started bankruptcy proceeding and may soon default on its debt.

The Obama administration tucked $90 billion of stimulus money for energy projects into a huge corner of the $800 billion American Recovery and Reinvestment Act, passed with no Republican votes barely a month into Obama's presidency.

The money was supposedly allocated to fund "strategic clean energy investments intended to promote job creation and promote deployment of low-carbon technologies," but much of it was squandered.

The General Accounting Office in April warned that of the 38 sustainable loans and guarantees, "the total expected net cost over the life of the loans" was "to be $2.21 billion, including $807 million for loans that have defaulted."

Until now, the most infamous of the Department of Energy renewable energy projects was Solyndra, whose bankruptcy cost the U.S. taxpayers $535 million.
~~~~~

Ryan Alexander, president of the non-partisan 'Taxpayers for Common Sense'' told the Washington Post that with the Obama Administration facing another cycle of taxpayer-funded renewable energy companies beginning to implode: "What's so troubling is that politics seems to be the dominant factor."

He added, "They're not talking about what the taxpayers are losing; they're not talking about the failure of the technology, whether we bet on the wrong horse. What they are talking about is 'How are we going to manage this politically?'"

As President Obama and his entourage, including California Governor Jerry Brown, jet off to Paris on Air Force One to attend the United Nations Paris Climate Change Conference that begins on November 30, they will face a new sustainable energy scandal when they arrive.
http://www.breitbart.com/big-government/2015/11/29/climate-summit-obama-scandal-abengoa-solyndra/

But Obama will NEVER admit he was wrong about the clean energy industry.

The truth is that it is totally unnecessary and unpopular.

Quote from: kroz on November 29, 2015, 04:37:06 PM
But Obama will NEVER admit he was wrong about the clean energy industry.

The truth is that it is totally unnecessary and unpopular.

Yep...
But it sure filled the coffers of communists world wide.

Think how far that 3 billion would have went if distributed among disabled Veterans.

Quote from: Solar on November 29, 2015, 04:27:36 PM
The pic makes me nauseous.... Greedy bunch of commie bastards!



As President Barack Obama departed for the climate summit in Paris, he faces a new "Solyndra" scandal as Spain's Abengoa SA, which received $3 billion in administration sustainable energy loans and Export-Import Bank guarantees, announced that it has started bankruptcy proceeding and may soon default on its debt.

The Obama administration tucked $90 billion of stimulus money for energy projects into a huge corner of the $800 billion American Recovery and Reinvestment Act, passed with no Republican votes barely a month into Obama's presidency.

The money was supposedly allocated to fund "strategic clean energy investments intended to promote job creation and promote deployment of low-carbon technologies," but much of it was squandered.

The General Accounting Office in April warned that of the 38 sustainable loans and guarantees, "the total expected net cost over the life of the loans" was "to be $2.21 billion, including $807 million for loans that have defaulted."

Until now, the most infamous of the Department of Energy renewable energy projects was Solyndra, whose bankruptcy cost the U.S. taxpayers $535 million.
~~~~~

Ryan Alexander, president of the non-partisan 'Taxpayers for Common Sense'' told the Washington Post that with the Obama Administration facing another cycle of taxpayer-funded renewable energy companies beginning to implode: "What's so troubling is that politics seems to be the dominant factor."

He added, "They're not talking about what the taxpayers are losing; they're not talking about the failure of the technology, whether we bet on the wrong horse. What they are talking about is 'How are we going to manage this politically?'"

As President Obama and his entourage, including California Governor Jerry Brown, jet off to Paris on Air Force One to attend the United Nations Paris Climate Change Conference that begins on November 30, they will face a new sustainable energy scandal when they arrive.
http://www.breitbart.com/big-government/2015/11/29/climate-summit-obama-scandal-abengoa-solyndra/

Including Gov. Moonbeam in his entourage amplifies the absolute insanity of this summit.

Quote from: supsalemgr on November 30, 2015, 04:17:57 AM
Including Gov. Moonbeam in his entourage amplifies the absolute insanity of this summit.

Oh the anger that Marxist brings out in me every time he speaks.
He took our tax dollars via the Fed, helped build these solar monstrosities in the Mojave desert, all the while encouraging Californians to buy into the govt Ponzi scheme.
Once the homeowner signs his life away for a 30% rebate (of OPM) and a promise that they'll get free electricity for life.
The Marxists change the rules to reflect in favor of what used to be private entities as in energy producers.
The law stated that all utilities had to get at minimum, 10% of their energy from so called renewable sources.

But they changed the law to say they were no longer obligated to buy said renewable energy from their customers.
So what did the utilities do, with the help of the govt? They bought into these solar farms like Abengoa Yield, where the govt subsidized solar energy at a far cheaper rate than the individual home owner could supply.

Now to add insult to injury, the law is slowly changing around the country to reflect, the homeowner that sells power back to the utility, is a producer and needs to file taxes accordingly.
I warned of this more than 10 years ago, that the govt can never be trusted, ever, that this promise would cost them far more than they could ever hope to recoup.

Humankind already has the tech know how to produce sustainable, cheap, clean energy.

So why is this President sinking so much moola into Solyndra?

Answer, it's all a front for the DNC.

Quote from: Billy's bayonet on November 29, 2015, 05:41:49 PM
Think how far that 3 billion would have went if distributed among disabled Veterans.

I think that's an excellent point and it is a disgrace to allow these so-called refugees to enter our country, give them free housing and food stamps when we have many, many veterans living homelessly and many, many disabled who depend on private charities for help and not the government.  No, Mr. Obama that is not who we are, despite your attempts to brainwash the low information voters who love you so.