Posted on 03/27/2012 3:56:00 PM PDT by Libloather
House GOP eyes another possible green-tech scandal
By Neil Munro - The Daily Caller | The Daily Caller – 5 hrs ago
GOP leaders are investigating Ecotality Inc., yet another troubled green-tech company that has received taxpayer funds and public support from the White House.
The firm has received roughly $126 million from the the Department of Energy to install roughly 14,000 electric car chargers, has donated thousands of dollars to Democratic politicians, and was showcased by President Barack Obama in his 2010 State of the Union speech.
But the company has installed less than 7,000 of the chargers, its subsidiary is being investigated by the Securities and Exchange Commission for insider trading, and it has only created 144 jobs, according to the federal Recovery.gov website.
Under the SEC investigation the company’s president was sent a subpoena in December 2011, according to a recent report by CBS News.
(Excerpt) Read more at news.yahoo.com ...
Yep, and it won't be the last...
Hey, they didn’t lose the money. Half of it Obama will find in campaign contributions. It’s a scheme to help friends while at the same time helping yourself get reelected.
They’re going to “loan” Desert Xpress $5 billion
$5 BILLION
at first
who owns it? who are the officers?
Talk about another waste of tax dollars...
Bump
If you used the accomplishments of Issa’s investigations you would have to say that the Obama administration is the cleanest in history.. Investigation , bluff after bluff THE REPUBLICANS HAVE PRODUCED NOTHING....NADA....
When I hear they are investigating anything I just roll over and go back to sleep
If it was the deems investigating the repubs 5 people would have resigned and several would be in jail with 10 active special prosecutors working on new stuff.
The fact is the republicans are the keystone cops and the most incompetent defenders of our interest ever.......
126 million / 144 is $875,000 per job.
Tony Soprano is looking at the dim party today and is jealous.
LLS
No... they are much worse than you state.
LLS
(rubbing hands together...) Let’s get this party STARTED!!
...lather, rinse, repeat...
...and clean out the taxpayers.
Come on! Issa has already sent Holder a strongly worded letter. What more do you expect him to do? /s
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